Looking Over the Cliff

I heard we were going to owe $473 quadrillion-billion in 2018!!! Interest rates will be 7,020%!!!



It's all because of those welfare recipients and illegal immigrants.



Every month someone trots out this tedious bond vigilante thing. Each time, the vigilantes are 2 to 4 years away from hammering US bonds which will force us to borrow at high rates.



But I've been hearing this since 2008.



And they are STILL 4 years away. Just wait... another 4 more years... and you're SERIOUS... THIS time it'll be for real!....



And since 2008, the ACTUAL interest rate has gone DOWN.



But they're just around the corner..... waiting to pounce.....
About Fiscal Policy
Read the Article at HuffingtonPost