The National Debt Is A Ticking Time Bomb

 Last week, the national debt pushed above $32 trillion.

The interest payments on that debt are growing exponentially.

The government has added an extra $250 billion in expenses per year on just debt service.

If the national debt climbs to $40 trillion and interest rates remain at 5% interest payments on the debt alone would skyrocket around $2 trillion per year.

The national debt has been growing for so long that most people just shrug when we talk about it.

With little fanfare, the national debt blew past $32 trillion last week.

On the first working day after the so-called Fiscal Responsibility Act went into effect, the national debt surged by $359 billion.

https://schiffgold.com/commentaries/the-national-debt-is-a-ticking-time-bomb/