
Not The Debt Stupid, It’s The Interest
PodCasts Archives - McAlvany Weekly Commentary
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When Does Interest on the Debt Overwhelm?
In 2052, 40% of all tax revenue will go to paying interest on the national debt. That doesn't leave much room for the 95 trillion in unfunded liabilities of Social Security and Medicare. The average interest expense across all maturities sits at less than 3%.
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