![A Trillion A Year In Interest [Planet Money]
[Planet Money blogger Jacob Goldstein:] I knew the U.S. would have to pay more interest on the national debt in the near future. But I don’t think I quite grasped the magnitude of the situation until I saw this chart*, from an NPR story published today.
* chart derived from CBO data
For contrast to other global financial crises, I heard the $1-Trillion figure mentioned as the cost of a Eurozone/Greece bailout for the EU, according to Simon Johnson of Baseline Scenario on Diane Rehm’s NPR show last night.
I do not advise bookending sleep-time with trillion-dollar debt news.](http://24.media.tumblr.com/tumblr_l1phjjb44L1qz5yk0o1_500.jpg)
A Trillion A Year In Interest [Planet Money]
[Planet Money blogger Jacob Goldstein:] I knew the U.S. would have to pay more interest on the national debt in the near future. But I don’t think I quite grasped the magnitude of the situation until I saw this chart*, from an NPR story published today.
* chart derived from CBO data
For contrast to other global financial crises, I heard the $1-Trillion figure mentioned as the cost of a Eurozone/Greece bailout for the EU, according to Simon Johnson of Baseline Scenario on Diane Rehm’s NPR show last night.
I do not advise bookending sleep-time with trillion-dollar debt news.
