Episode 70: The Federal Government is Bankrupt
Words & Numbers
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The Depressing Truth About Interest Rates
If the interest rate went back up just to that average of 6%, it would cost the federal government over a trillion dollars a year. If we got back to some sort of rough equilibrium on interest rates, we could add another trillion every year just in interest alone. I guess no matter how we cut this, the first batch of losers probably gonna be retirees. No matter how you slice this one up,. In what order will the rest of us lose over time? Until we all do. This has been depressing.
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