Notice Those Advocating Much Higher Interest Rates to Lessen Inflation Aren’t Mentioning Payments Due on Debt

Should interest rates in the U. S. be tripled by the Federal Reserve Bank, which is being advocated by some fiscal-hawk economists, the annual interest payments due on the national debit would exceed the Defense Department’s budget, which would require massive federal spending cuts in federal programs or just more added onto the national debt and annual budget deficits.