This may be taken as evidence of crowding-out. Remember that the crowding-out is when the government deficit begins to increase interest rates eventually decreasing investment.
This accompanying piece gives some interesting looks at the debt. (Keep in mind the White House projections may be politically biased... unless prepared by the CBO)
Subscribe to:
Post Comments (Atom)
As the interest rate raises people will foreclose on their loans. If the loans don't get paid back the banks will bankrupt. Our debt wil be in the hands of foregin counties. The foregin counties will own the usa.
ReplyDeleteBrian McCann
Based on and assuming that that charts aren't political charged, we seem to be payimg the same amount to other countries now as we did ten years ago.
ReplyDeleteNathaniel Weldon