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The Coming Time Bomb
10-year Treasury yield reaches level not seen in more than 15 years
The U.S. National Debt has surpassed $33 trillion and is growing by trillions more every year, but we haven’t yet felt the true pain of this debt since Trump refinanced most of it when interest rates were near zero. However, the exploding inflation has pushed rates on new “risk-free” government debt to over 5 percent with promises to go higher. As existing debt matures, compounded with annual deficit spending, the higher rates will eventually hit America (and the world) with a financial time bomb. Interest alone at 5% of $33 trillion would be $1.65 trillion every year compounded, or about 1/3 of the total revenues the federal government takes in. To put that in perspective, that’s about what the federal government currently spends on Medicare and national defense combined! That’s if total debt and interest rates don’t get any worse. Unfortunately, 90 percent of the DC swamp creatures from both parties don’t really care in the least. They’ll be long gone from office when the true pain hits.
Reminder: Establishment Republicans “Opposing” Democrats Is All for Show
Proposed Solution
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Primary Season Is Coming
You know what to do.
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