How does the Federal Reserve raising interest .25% affect the national debt?

The simple math would indicate that if our national debt is $20 Trillion dollars (about $19 Trillion now, but rapidly heading toward $20 Trillion), an increase of one-fourth of a point would cost taxpayers another $50 Billion dollars per year.

The current interest on the debt is about $2.5 Trillion dollars per year.

With this as a backdrop, the Congress is about to pass a new spending bill which adds fuel to the fire.

More spending, more debt and more interest.

None of it is good for America.

***Gordon Howie is an author and CEO of Life and Liberty Media***

“It’s not about right or left, it’s about Right or Wrong.”

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