This Has Never Happened Before…
Posted by Tyler Durden on May 4, 2017 11:05 pm
Tags: Business, Credit rating, Deficit reduction in the United States, economic policy, Economy, Fiscal policy, Government debt, National debt of the United States, Political debates about the United States federal budget, Politics, Presidency of Barack Obama, united states, United States debt ceiling, United States fiscal cliff, US government
Categories: Business Credit rating Deficit reduction in the United States economic policy Economy Fiscal policy Government debt National debt of the United States Political debates about the United States federal budget Politics Presidency of Barack Obama United States United States debt ceiling United States fiscal cliff US government
With debt ceilings, spending plans, and tax reforms focusing all eyes on Washington, we thought it notable that for the first time in US history, the cost of interest on US government debt has risen above half a trillion dollars…
One wonders, given the grandiose spending plans, if we will ever get back below half a trillion dollars?