Page 13 - SixMistakesSuccessfulWomenMake22

 Increases in spending are largely driven by an aging population and rising health
care costs along with increased net interest costs on federal debt.

 Delaying actions to address the long-term outlook increases the size of actions
needed and the risk that eventual changes will be disruptive and destabilizing to
the economy and society.

So, as of now, each time a principal or interest payment is due, the U.S.

government issues new debt to secure the funds needed to pay off the old debt.
That’s the equivalent of you using a newly issued credit card to pay the minimum

principal and interest payment on an old credit card. The next time you celebrate
low interest rates, keep in mind one basic fact: if interest rates rise, the federal

government has a problem. The current net interest can’t be serviced; if rates rise,
so do the interest payments. One day rates will eventually rise, and I hope you are
prepared for the effect this may have on your everyday lifestyle.

Now, I will ask you again, how do you think the economy is doing?

Source: www.usdebtclock.org