Monday, August 7, 2017

The cost of Swamp debt

An increase in Treasury interest rates of just 0.2 percent a year would cost the government about $400 billion over the next 10 years. It also would lead to higher borrowing costs for American businesses, because borrowing rates are set by reference to Treasury rates. Moreover, each month holders of tens of billions of dollars in valid claims against the United States would go unpaid, triggering a major recession.
And this post favored more debt.  The .2% rise is a rise of the ten year to 2.48.  The 400 billion comes to 40 billion a year,the cost of Obamacare subsidies.

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