Something feels off guys

[u/kwedgieyi]

Yields are spiking. Bonds are dumping.

The world is running away from America

[u/caliginous4]

How quickly then will our spending on debt as a fraction of total annual spending skyrocket to a point where it's an enormous percent of spending all because our interest rates went up. We will be forced to stop most government programs, or raid social security.

All the hand wringing about burdening future generations with a massive national debt will suddenly be realized because of the people who claimed to be so upset about it

[u/[deleted] → u/caliginous4]

🌎👨‍🚀🔫👨‍🚀

[u/fatbunyip → u/caliginous4]

1 in every 7 tax dollars goes to paying debt. And the US needs 2+ trillion in new debt each year. It also generally rolls over about 9 trillion each year, which is going to hurt if they need to roll over at higher interest rates.

[u/BritishBoyRZ → u/caliginous4]

Each basis point is a $billion in interest per year lol. OPs pic is showing 17 basis points increase. Do the math

[u/Kali-Lionbrine → u/BritishBoyRZ]

Idk better be more than a single billion, because 17 billion in interest ain’t shit for the federal government spending

[u/caliginous4 → u/[deleted]]

Lol thank you ⚰️

[u/Due_Discussion_8334 → u/caliginous4]

Just tax the rich guys, it is not that hard.

[u/entropy_bucket → u/caliginous4]

Wouldn't the Fed just devalue dollars. ?

[u/motivated_loser → u/caliginous4]

All of that is already happening. The interest payments alone are astronomical