What comes next??  A Quadrillion.

That might be a ways off, but for now, the debt clock keeps on ticking..  Right now it is on the way to a mind staggering Twenty-Two Trillion Dollars.  By any standards, that is a big number.

SEE THE DEBT CLOCK HERE

While the National Debt isn’t a topic of much conversation, it is worth noting that the INTEREST on the Debt rises as the Federal Reserve raises rates.  One $400,000.00 mortgage on a private real estate deal just increased by two percentage points, because of rate hikes.  That’s an extra $8,000.00 per year in interest.  If you were to apply the same rate of increase on the National Debt, that means taxpayers would be obligated for another $430 BILLION Dollars per year… $36 BILLION Dollars per month… About $ 1.2 BILLION Dollars per day.

Whatever the increase in interest on the National Debt, it isn’t helpful.

The focus is pretty much on our “booming” economy.  That’s all wonderful, unless something really goes “Boom”.  The National Debt threatens the security and stability of America.

Is ANYONE looking???

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

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