FilmFestGuy
DP Veteran
- Joined
- Dec 13, 2009
- Messages
- 2,120
- Reaction score
- 1,244
- Location
- Nashville, TN
- Gender
- Male
- Political Leaning
- Slightly Liberal
Raising the interest rate? Yes.
Make it a little harder to pay back the debt? I guess.
By leaps and bounds? No.
As it stands, interest payments represent a pretty small part of receipts. There'd have to be a truly massive global US bond dump for it to be a big problem....and there won't be.
If we default and interest rises .6% (as it did in 1979), that would result in approximately another $88 Billion per year. Compound that and you have added another $1 trillion-plus to the national debt.