Comment: Think about it this

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In reply to comment: jetguy writes: "We already (see in situ)

Think about it this

Think about it this way...

The US in total has 58 trillion of public debt. 16 from federal, 3 from state and local, 16 from household/credit card/student, and 23 from corporate debt.

If interest rates went up 1%, that would be a big cost to the economy

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: