Nothing to Fear…the debt debate

National Journal writes, “It’s an under appreciated fact that a significant contributor to the ballooning debt is … the debt itself. Federal interest payments are projected to grow faster over the next decade than any other broad category of expenditures, outpacing spending on Medicare, Medicaid, and Social Security. Even a small, sudden shift in the interest rate on government debt could inflate deficits by trillions of dollars over the next decade.”