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Showing posts with the label interest rate

SHOULD YOU BE CONCERNED ABOUT OUR GROWING NATIONAL DEBT?

The  New York Times  yesterday showed the following. It was 14 years ago when I published in the  Huffington Post :   THE SIMPLEST SOLUTION FOR OUR NATIONAL DEBT... And I said, this simplest solution was to INCREASE it. Note, find 2014 on the above graph, and when you do, our national debt seems to be on an exponential rise, and projected to zoom up even faster if the Trump Beautiful Bill passes. Does it really matter? Maybe not. In my article, I intimated that most of you ( the readers ) equate our national debt to your personal debt.  We all want to minimize what we owe. Further, to quote from that article. You feel that our government has irresponsibly built up a $14.3 trillion burden and can't any more tolerate this travesty, for just the interest in this loan is crippling our economy. Wrong! Or, at least, suboptimal . 14 years ago, our national debt was $14.3 trillion.  Now?  $36.2 trillion. How has the USA done financially? By any measure of...