The Fed's Out of Money Pocket

Every hundred basis point cost of treasury finance isa valent so right now, the total marketable debt in the us. Is about 24 trillion dollars. 200 forty billion dollars is 13 % of discretionary spending. Tell me that that doesn't become a problem when interest starts crowding out everybody's pet project. That is how they get elected. And i i've, i've talked and written about this, the fact that paul vokler, he rose rates to 18, whatever %. But at the time that the debt to g p wist was small proportion, and it was but 20, 25 % detoty p.