Joe Biden and the
Democrats have done it!
Their latest Inflation
Reduction Act has tipped the national debt into record territory - $31
Trillion and counting.
Why does that
matter?
- With rising interest rates, this
makes all 31 Trillion of those dollars much more expensive to
finance.
- It makes it harder to refinance that
debt.
- It increases the cost of interest
payments we’re currently obligated to make.
According to the US
Treasury…