National Debt: We’re Probably Screwed0
- September 3, 2015
According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014. Here’s why that’s a problem. Low interest rates mean low carrying costs for debt. If the interest rate is 10%,
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