Thanks to the Fed interest on the $25.5 trillion National Debt is only $384 billion per year. That's an average interest rate of 1.5%. What happens when rates rise? Interest on the debt would exceed defense spending at 3%, Social Security at 4%, Medicare at 5%, and all 3 at 12%!
@federalreserve @Fed_Careers @FedResearch Keep pumping stock market, Great job and Great trap. Let big companies waiting bailout without any efforts to save themselves Let US people dreaming that they will get free money without doing anything. Leave trillions dollars debts to next generation of US people. Shameless