Tuesday, April 19, 2011

US Treasury interest payments manageable


Hat tip to the Angry Bear blog on US AAA fear-mongering. When you look at interest payments as a percentage of GDP, the US debt problem looks more manageable. This, of course, at the currently extremely low interest rates. Nevertheless, it does provide some perspective that there is room to devise a budget that can be reasonable. The sky is not falling just yet, but a continued approach of pushing the problem forward is not sustainable.

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