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Money and Finances
Reply to "What’s up with the explosion of federal debt in the last 4 months?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s not also that the cost of debt servicing went up and we are also funding those costs with debt?[/quote] No, it’s not that because new rates only affect new debt.[/quote] Most of the past debt is short term. It’s being refinanced at higher rates. Next year .. last years 2 trillion, this years 2 trillion and 10 trillion that matures is gonna be 5 plus percent rate plus the FED unwound a trillion this year at 5 and another trillion next year.. plus next years 2 trillion plus added in.[/quote]
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