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1   deepcgi   ignore (0)   2019 Jul 16, 1:35pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F430260%2Fnet-interest-payments-obm2.PNG&w=700&op=resize

Now THAT is a hockey stick!
Both parties are the purveyors of fiat. Both parties are to blame. We must pay interest on the debt and the spike in the last four years is unbelievable. Don’t expect a bail-out when the foreclosure waves hit this time. In fact, if you’re not foreclosed on, expect property taxes to go up like a hockey stick.

(DATA SOURCE: U.S. OFFICE OF BUDGET AND MANAGEMENT. CHART BY AUTHOR. YEARS 2015 THROUGH 2020 ARE ESTIMATED. FIGURES ARE IN MILLIONS OF U.S. DOLLARS.)

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