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Interest on the debt to double within ten years

Posted: January 10, 2013 at 4:00 pm   /   by

When you’re driving and you see that you’re headed straight for a brick wall, what do you do?

If you’re normal, you slow down and change your direction of travel. But Washington, D.C., is anything but normal.

How does half a trillion dollars a year just in interest payments sound? For perspective, that’s about a third of the entire budget deficit for 2011.

And all of this assumes that interest rates will remain at their current historic lows, which they probably won’t.

Iceberg, dead ahead!


Christopher Cook

Christopher Cook

Managing Editor at Western Free Press
Christopher Cook is a writer, editor, and political commentator. He is the president of Castleraine, Inc., a consulting firm providing a diverse array of services to corporate, public policy, and not-for-profit clients.

Ardently devoted to the cause of human freedom, he has worked at the confluence of politics, activism, and public policy for more than a decade. He co-wrote a ten-part series of video shorts on economics, and has film credits as a researcher on 11 political documentaries, including Citizens United's notorious film on Hillary Clinton that became the subject of a landmark Supreme Court decision. He is the founder of several activist endeavors, including (now a part of Western Free Press) and He is currently the managing editor of and principal contributor to
Christopher Cook