[rbg81]

Neither the debt nor the deficit are getting any smaller.

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Agree. But the only reason the current large deficits ($1T+) are even managable in the short term is because interest rates are near zero. If the Government starts spending over 50% of its revenue on debt service, then you will see the SHTF.

[wita]

If the Government starts spending over 50% of its revenue on debt service, then you will see the SHTF.

I agree, and the only thing keeping interest rates so low, is that NGO the FED, and of course the Congress and President are forced to go along, because they know the consequences.