timber, fish picked up on the fallacy of that chart immediately.
Actually, since official interest rates are being 'twisted' to zero on longer and longer bonds, I would guess the interest repayments should be going DOWN.
The fact that the chart shows the payments as % of GDP 'rising' from now, back to normal 25-30% with interests rates near NIL should show any reader the end in nigh.
Actually, the chart does not pass the sniff test. Are you sure it is common for the US to pay upwards of 30% of GDP on Net Federal Interest.
Where did you get the chart from. It is either completely wrong or pointing to armageddon.
