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The third world debt crisis is going to affect you

The David McWilliams Podcast

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The Cost of Servicing National Debt

The cost of servicing national debt has surpassed the government's expenditure for the first time in the country's history. The i m f ha said that there are 30 low income countries that are inor of thet distress. Out of every dollar of taxpayer money, 57 cents goes on servicing the country's debt. 70 % of g t p is is the debt burden. And we have this extraordinary but almost inevitable consequence of easy money, that the debts are there and they can't go away. What sir, what's your crystal ball?

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