Posted on 02/09/2016 10:16:20 AM PST by aimhigh
According to the latest White House budget projections, the government's interest costs are expected to more than triple to $787 billion by 2026, as interest rates rise, from $223 billion in 2015.
By 2025 and 2026, the government will spend more on interest costs than all non-defense discretionary outlays.
Under the White House budget, the national debt will increase from $19 trillion to more than $27 trillion over the next decade.
(Excerpt) Read more at marketwatch.com ...
Gee, who could have seen THAT coming?
All the more reason to maintain focus on small government candidates for House, Sinate and POTUS.
I feel a strict following of that eliminates most, if not all but one, POTUS candidate.
We need to get us some of those NEGATIVE interest rates.
Deliberately to justify tax increases.
President Three Putt has officially “ fundamentally changed “ us, just like he promised.
Yes, kids there was a reason to screw savers with super low interest rates. It's a bailout for borrowers like Uncle Sam.
This is what happens when you have a completely fiat, unbacked currency, controlled by a soviet-style (yet private) central bank. it becomes a plaything of “progressive” politicians from both parties who seek maximum spending at all times, and central planners pursuing woolly-headed economic theory.
The only obvious path for our statist, leftist government and Federal Reserve seeking to survive is financial repression. Low interest rates MUST continue. Taxes, inflation, pilfering savings of working and middle class MUST continue.
0bama and his handlers.
For a start.
Their plans are proceeding just fine.
Tax increases won’t even begin to put a dent in this mess.
No problemo. Obama won’t care, as he’ll be long gone.
“See ya suckers.”
What troubles me is
Congress was an accomplice!!!!!
They aided this destruction!!!
From what is out there, they have eyes on all savings accounts!!
Leave an IOU for them!
We know what those are worth!
We just need a candidate that is in favor of single payer health care. That will fix the problem.
That’s OK. Bernie will come and save the day with $19 trillion in new spending.
Feel the Bern...
/sarc
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So the White House continues with its extravagant spending ways.Driving us ever closer to bankruptcy.
I’m don’t think that straight-up wealth confiscation would work either. There just isn’t enough.
You understand completely the economics and ramifications of ZIRP, central planners, printing presses and pathological spending.
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