chap
11-25-2009, 11:17 PM
http://www.google.com/hostednews/ap/article/ALeqM5hiVtV2zuQIAFn_h-JnQjvVSfPTRgD9C6PI900
US govt's adjustable rate mortgage: http://www.cnbc.com/id/34104722
With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
'Much higher' sounds right.
US govt's adjustable rate mortgage: http://www.cnbc.com/id/34104722
With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
'Much higher' sounds right.