[farmguy]

Our national dept is a pest, not a crisis.

It will become a crisis when the we are forced raise interest rates to entice foreigners to continue investing in the US.

Then sit back and watch the bankruptcies

[Doe Eyes]

It will become a crisis when the we are forced raise interest rates to entice foreigners to continue investing in the US. Then sit back and watch the bankruptcies

Also, a large part of the Federal Budget is interest on the debt.

As interest rates goes up, the budget deficit goes up, we have to borrow even more, so interest rates go up more, so we have to borrow more ...

[elfman2]

kook nonsense