Holy Crap, we are screwed!

Holy Crap, we are screwed!

Posted in the Rolla Forum

“I'm right”

Since: Oct 12

Rolla, MO

#1 Feb 1, 2013
Interest rates rising 1% for government borrowing means we have to pay $165 billion more per year in interest on our debt $16.5 trillion debt. With a deficit already over $1 trillion, just imagine when interest rates go up a couple percentage points. The day of reckoning is coming.
zugg

Rolla, MO

#2 Feb 1, 2013
killa_the_compassionate wrote:
Interest rates rising 1% for government borrowing means we have to pay $165 billion more per year in interest on our debt $16.5 trillion debt. With a deficit already over $1 trillion, just imagine when interest rates go up a couple percentage points. The day of reckoning is coming.
you are screwed by life
and it is nothing to do with government finance

“I'm right”

Since: Oct 12

Rolla, MO

#3 Feb 1, 2013
You can always put your money in the market like everyone else to protect yourself from the new printing presses coming online.
quacker

Rolla, MO

#4 Feb 2, 2013
killa_the_compassionate wrote:
You can always put your money in the market like everyone else to protect yourself from the new printing presses coming online.
You sit on your butt and give bad advice.
Life is passing you by, LOSER.

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