Comment on $2.4 Trillion Nail in the Coffin

$2.4 Trillion Nail in the Coffin

Washington just added another $2.4 trillion to an already exploding debt of $14 trillion. The accumulated obligations of the U.S. now exceed 100% of America’s Gross Domestic Product. We’ve reached that point at which we are trapped in an economic catch-22. Over the last 150 years or so, the average interest rate paid on cost of capital has been 4%.

 

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