The Sins of Our Fathers: Interest and the National Debt

By |2016-02-21T19:35:17-05:00January 20th, 2016|Categories: Economics, Featured, Federal Reserve, Government, Politics|

According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014. Here’s why that’s a problem. Low interest rates mean low carrying costs for debt. If the interest rate is [...]