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Yupster

(14,308 posts)

36. That is the fear

Reply to sandensea (Reply #12)

Wed Sep 13, 2017, 07:11 PM

Sep 2017

Once interest rates go up, what happens to the budget?

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39 replies

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National debt hits historic $20 trillion mark [View all] sandensea Sep 2017 OP

And crickets from the GOP leftofcool Sep 2017 #1

Just as well. sandensea Sep 2017 #2

No doubt leftofcool Sep 2017 #3

Not today - they're busy attacking Stevie Wonder and Beyonc underpants Sep 2017 #26

"Prejudices are what rule the vulgar crowd." roamer65 Sep 2017 #34

The best thing we can do right now is to christx30 Sep 2017 #4

No worries. Debt doesn't matter when GOP is in charge. 'sides, Donald is King of Debt. Midnight Writer Sep 2017 #5

King of bankruptcy. truthisfreedom Sep 2017 #13

American on track to pay off national debt by 2009 SharonAnn Sep 2017 #6

And Gore's Social Security lockbox would have kept the fund flush with cash. sandensea Sep 2017 #8

The most broken hearted I have ever been was when my old friend said Gore wanted to "lock" folk's SS Midnight Writer Sep 2017 #18

Just think how bad it WOULD have been . . . HughBeaumont Sep 2017 #24

The debt could easily be erased and even end up in the black BigmanPigman Sep 2017 #7

That, plus properly taxing the offshore banking crowd, should do it. sandensea Sep 2017 #9

If Trump were publicly flogged Yupster Sep 2017 #35

The Trump Grumps Are Already Calling Him A Librul Leaning Independent... Grassy Knoll Sep 2017 #10

How much interest is that per day? no_hypocrisy Sep 2017 #11

Debt interest payments for FY2017 were budgeted at $266 billion. sandensea Sep 2017 #12

That is the fear Yupster Sep 2017 #36

If, God forbid, the Fed can no longer keep up, rates may in fact go up. sandensea Sep 2017 #37

Rates do need to go up though Yupster Sep 2017 #38

Good point. sandensea Sep 2017 #39

And how much of this was on the credit card for lets say 2003-2017 turbinetree Sep 2017 #14

Bush follies account for nearly half our current national debt. sandensea Sep 2017 #15

Why do I feel that the horror never goes away---------------and those / that criminal gang turbinetree Sep 2017 #16

Sure thing. sandensea Sep 2017 #17

The fiscal conservatives have been silent... Dopers_Greed Sep 2017 #19

That's because a safeinOhio Sep 2017 #20

let the record show: republicans fully in charge Achilleaze Sep 2017 #21

That's $20,000,000,000,000.00 Ohiya Sep 2017 #22

back in prehistoric times when the deficit first reached 1 trillion dollars... Javaman Sep 2017 #23

Ah, yes. 1981. sandensea Sep 2017 #25

he was such an evil prick. nt Javaman Sep 2017 #27

If only the John Birchers hadn't gotten to him in the late 1940s. sandensea Sep 2017 #28

wasn't it "mommy" that converted him to republicanism? Javaman Sep 2017 #29

Good point. sandensea Sep 2017 #30

that's right, I forgot, he ratted people out during the red scare. Javaman Sep 2017 #33

Thanks republicans Achilleaze Sep 2017 #31

"Paper money eventually returns to its intrinsic value: zero." roamer65 Sep 2017 #32