I like the chart that shows that the interest rate on the national debt roughly tracks the 10 year bond yield. Let's us know what chart to watch to track the interest rate of the national debt.
How about looking at interest payment as a percentage of total outlays? Right now, it is "low", around ~4.3% of total outlays. But, at what point do you think that number will become a problem? 10% ? 20%? With a projected jump in interest rates and a recent jump in the national debt (30 trillion), I suspect the percentage of total outlays will likely jump as well.
I like the chart that shows that the interest rate on the national debt roughly tracks the 10 year bond yield. Let's us know what chart to watch to track the interest rate of the national debt.
How about looking at interest payment as a percentage of total outlays? Right now, it is "low", around ~4.3% of total outlays. But, at what point do you think that number will become a problem? 10% ? 20%? With a projected jump in interest rates and a recent jump in the national debt (30 trillion), I suspect the percentage of total outlays will likely jump as well.
Thanks so much for your thoughts! These are great ideas - let me do some research and think on this a bit. It will make for a great follow-up post!