[Greg F]

Will the 10 year rate rise above today’s 4.67% rate? Sure. Will it rise to 6%? Maybe. Would 6% kill our economy? Would 7%? 8%? LOL!
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Take the highest rate you stated 8%. I remember when the interest rates were 13% on Treasuries. . . but we’ll take 8%. 3.5% higher than today. The effect would be 270 billion added to the deficit, with 9 trillion dollars in debt to pay interest on. Even you must see that isn’t a laughing matter. Throw in the GSA studies that say our current spending is already unsustainable given future promises of spending in entitlements . . .

[Toddsterpatriot]

The effect would be 270 billion added to the deficit, with 9 trillion dollars in debt to pay interest on.

Debt held by the public is $5 trillion, call it $175 billion more. Less than 1.5% of GDP.

Now when was the last time the 10 year paid 8%?