If kabar is right that already 17 cents on every dollar is spent on interest, then its even more painful then I thought. Interest rates only have one place to go.. up. And especially if we don't look like a great investment to the Asian creditors, they are going to want a higher rate of return.
I can see if the nation was in real jeopardy of being destroyed by a hostile power.. borrowing from foreigners as a last ditch effort. But to finance an entitlement program seems suicidal.