Prof. Antony Davies: What Are the Dangers of Too Much Debt?
March 20, 2012
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3:08Now PlayingProf. Antony Davies: What Are the Dangers of Too Much Debt?
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as posted by the channelInterest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What can the U.S. government do today to prevent a crisis from happening when interest rates go up?
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