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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: RE: Article on the potential of a major weakening of the dollar posted by tweaker456 on June 9, 2021 at 11:54:33:
In 2000, we had $5.7 trillion in debt, at 1.6%, that's $91 billion.
Now, the debt is at $28.4 trillion, at 0.5%, that's $142 billion.
What's worse is that when interest rates go back to normal levels, those numbers escalate quickly. Just a 1% increase amounts to an extra $284 billion. At just 3%, it's $852 billion.
And they haven't stopped spending!
-Rod
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Follow Ups
- I beg to differ.... - Rod M 12:55:10 06/09/21 (9)
- RE: I beg to differ.... - tweaker456 16:45:04 06/09/21 (0)
- RE: I beg to differ.... - tweaker456 13:52:45 06/09/21 (1)
- Please Google 'GDP Price Deflator' - Jay Buridan 23:14:16 06/09/21 (0)
- Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rick W 13:27:02 06/09/21 (5)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rod M 19:34:00 06/09/21 (4)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - tweaker456 19:54:38 06/09/21 (3)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rod M 20:26:07 06/09/21 (2)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - tweaker456 20:52:13 06/09/21 (1)
- The debt is the least of my worries about the U.S. nt - Rick W 22:26:25 06/09/21 (0)
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