[GaltMeister]

We are near the point where interest on the debt is going to be the biggest item in the budget.

Not good.

[Golden Eagle]

We are near the point where interest on the debt is going to be the biggest item in the budget.

"Interest" being paid to our banking cabal overlords. When it's really a shakedown.

[M-cubed]

We are near the point where interest on the debt is going to be the biggest item in the budget. <<<

We just need to get another credit card .../s

[tired&retired]

Was reading recently that $24 trillion of the national debt matures within 2 years..

Also $12 trillion in Government mortgages that are not included in the national debts as they are off the books debt comes due within 2 years.

There are five different types of federally-backed mortgages:

FHA
VA
USDA
Fannie Mae
Freddie Mac

These mortgages are low rate fixed for 30 years.

The government borrowed short term and lent long term.

The interest rate paid out is already double what they lent it out for fixed rate. Thus if the long term mortgage receivable is 3%-4% and the short term debt rate is 6% to 8%, the government must make up the difference by subsidizing the mortgage companies. This could be a big surprise hit later this year.