The Interest Payments Will Kill Us
We have to cut spending, so that we can stop borrowing, so that we can start paying down our existing debt. Why? Well, if we don't, the interest payments on our debt will soon be the only thing left in our budget.
Is this fear mongering? No, that's actually the best case scenario.
Thanks to the Mercatus Institute and Veronique de Rugy for this info.
This entry was tagged. Debt Fiscal Policy