House mortgage-type instrument suggested as means to pay off national debt
Guest Post By Lee A. Presser
Interest rates have been held artificially low by the Federal Reserve since 2008. This has had the effect of hiding the true cost of increasing debt. As interest rates rise back toward 4%, the U.S. Treasury will have less money to spend on discretionary governmental functions.
The FY 2015 budget is approximately $3,900,000,000,000.00. Another way to look at that number is about $12,187.