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Posts Tagged: “Interest Payments“

Peter Schiff: Interest Payments Are Devouring the Budget
On Thursday’s episode of the Peter Schiff Show, Peter (joined by a special guest, Schiff Sovereign’s James Hickman) argues that the federal budget is no longer driven by programs so much as by the mounting costs of debt maintenance. The duo covers the headline $37 trillion public debt, how interest has become a mandatory line […]

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$1 Trillion Per 100 Days: Is This the Year the Debt Bubble Explodes?
With a stunning trillion dollars added to the national debt in only three months, projected to reach an incomprehensible $54 trillion within 10 years, and America’s interest payments on track to exceed defense spending next year, the question must be asked: How much longer can the debt bubble go?