Connect with us

Hi, what are you looking for?

News

As Interest Rates Rise, The Era Of ‘Deficits Don’t Matter’ Is Over

Originally published on May 27, 2023

By Ryan McMaken

Back in 2002, then-Vice President Dick Cheney claimed, “Reagan proved deficits don’t matter” and went on to push for tax cuts combined with more federal spending. After 2003, the

Total Federal debt as a percentage of GDP and revenue

Total Federal debt in millions of US dollars versus effective federal funds rate

Total federal debt and federal interest payments on debt, in millions of US dollars

Effective federal funds rate and federal debt service in millions of US dollars

Estimated federal spending by type, in billions of US dollars

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube