Just imagine when Yellen turns off her magical money machine and interest rates on $18 trillion in debt returns to market rates. A five percent rate hike would put $900 billion more interest per year on the tab.
“Just imagine when Yellen turns off her magical money machine...”
It’s been off, for over six months now they haven’t printed a dollar. If they print any more, they’ll hit the debt ceiling, so they have been avoiding that.