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Reply to "What’s up with the explosion of federal debt in the last 4 months?"
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[quote=Anonymous]Not an expert, but I think the high interest rates result in higher debt payments, same as a higher interest rate on a credit card or mortgage results in higher payments for interest. This is what caps the amount that the Fed Reserve can raise interest rates, especially with the current amount of debt (about 33T?). Practically every day for the last week the treasury interest rates are going UP. Who pays the treasury interest rates? Answer: Government.[/quote]
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