tag:blogger.com,1999:blog-3758330678390419129.post8958087580527096105..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: What Climbing Interest Rates Will Mean for the Budget DeficitRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-63766315396396916562013-06-24T16:12:14.258-04:002013-06-24T16:12:14.258-04:00There appears one solution: default. The next pre...There appears one solution: default. The next president is going to have to do it. Anonymoushttps://www.blogger.com/profile/11601586682348412297noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48728906706470579962013-06-24T11:11:14.628-04:002013-06-24T11:11:14.628-04:00No sweat.
Bring it on.No sweat.<br />Bring it on.Dorkyhttps://www.blogger.com/profile/17947318281125928673noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35348931863475897092013-06-24T10:58:24.548-04:002013-06-24T10:58:24.548-04:00Both of these estimates look extremely optimistic ...Both of these estimates look extremely optimistic to me. If we assume for the sake of argument that they ring up deficits of $1 trillion per year until 2022, that leaves us with a debt of $25 trillion. If the 10Y reverted to the mean (forget about overshooting to compensate for decades of reckless fiscal and monetary policies), that would result in debt service of $1.5 trillion.<br /><br />But Stevehttps://www.blogger.com/profile/13156269157955500129noreply@blogger.com