
Not The Debt Stupid, It’s The Interest
PodCasts Archives - McAlvany Weekly Commentary
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How Do You Assume 2.9% as an Average Interest Expense
In the first four months of the fiscal year, interest payments are up 33%. They were $196 billion during the same timeframe last year. The CBO estimates that we're going to blow past 10% of total revenue just for the interest expense. Where do we go from here? It depends on the debt and it depends on the interest paid on the debt.
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