[bert]

Money, money, money.

Worry about money is trivial nothingness when a change in history is in process

[kabar]

I live in the real world. Great powers decline as they can no longer afford the costs of empire. The decline of the UK and the fall of the Soviet Union are prime examples. We are the world's greatest debtor nation.

The Rising National Debt Drives Up Long-Term Interest Rates

As interest rates rise, so too will the borrowing costs of the government. According to CBO, the government’s net interest costs will total $66 trillion over the next 30 years, accounting for nearly 40 percent of all revenues by 2052. AEI warns that those costs could be even larger — CBO’s projections incorporate a smaller estimate of the impact of rising debt on long-term interest rates than AEI estimates. Assuming a continued increase in interest rates to 6 percent by 2052, AEI estimates that the debt-to-GDP ratio could equal 235 percent by 2052, compared to CBO’s estimate of 185 percent.