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National Debt Time Bomb Ticks $32 Trillion - Ep 902

The Peter Schiff Show Podcast

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The Fed's Rate of Interest on the National Debt Is Going Higher

The national debt is going to be 40 trillion in a few more years, right? Not that many. At 5%, because by the time the national debt is 40 trillion, the whole thing would have rolled over. Even if we could balance the budget without interest, meaning that the government collected enough in taxes to pay its bills, not counting interest,. even if the government could do that, we would still have a deficit of 2 trillion a year which it can't.

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