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National Debt – Considering The Whopping Interest Payment

debt economy interest national

As odd as it sounds, the national debt can be described as a bit of a credit card like debt. As with credit cards, the real danger is the interest you end up paying over the years. With the national debt as it is now constructed, the interest payments we make each year are a crime. As I write this, the current reported national debt is just over $14.1 trillion dollars. The real number is much higher when liabilities such as Social Security and Medicare are figured in, but let’s just stick with the $14.1 trillion dollar figure. What is...

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