Madison320
Member

I've been saying for like 10 years now that the debt and printing would finally lead to price inflation and the problem is when we raise rates to fight the inflation, we won't be able to afford the interest payments. Well we finally got the price inflation 2 years ago and now the interest payments on the debt is skyrocketing. I started watching the ratio of interest payments/total tax revenue. Right now our interest payments are 16% of our revenue. I think it'll be maybe 20% by year end and maybe 30% by next year end. I'm guessing somewhere around 30% is about as high as it can go before the government panics and starts printing. I still think something else will break first and force the Fed to print but if not the interest payments HAVE TO. I'll be updating the percent as it increases.