The Debt vs. Interest Rate Conundrum
Michael Pento
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Posted 05.25.2011
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Business
Read More:
10 Trillion,
Federal Funds Rate,
Market Forces,
Economy,
Fixed Income Shock,
Intra-Bank Lending,
Consumer Spending,
Fixed Income,
Credit Crisis,
The Fed,
Print Money,
Recession,
National Debt,
Bailout,
Low Interest Rates,
Inflation,
Economic Meltdown,
Treasury Issuance,
Money Supply,
Free Market,
Interest Rates,
Fixed Income Rates,
Business News
It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.
