Chris2189 Wrote:
Jan 22, 2013 7:07 AM
By the way Phillup, current debt service is at $227bn (in '11). There's no way to calculate that a 1% increase in the interest rate will cause that $227bn to suddenly become more than $700bn. Defense spending is 3.5x the interest cost. Not saying that the interest cost is to be ignored, just that the idea of a 1% rate increase causing the interest cost to outstrip defense spending is a bit off.