32 • RUBY, WILDING & SWANSBURG
Why Low er Interest Rates are Here to Stay Freolratbivaeblyy lobwoofmorerthselrikeest mofeo, uirt’lsifelitkimelyes.interest rates will be There are several reasons for this, but the primary one is tAhf at et r oaul lr, l og wo v ienrtnemr eesnt tr awt easnrt es —d uacne dt hne eIeRdSs’ s—dleobwt pi na yt emr ee sntt sr. a t e s . An increasingly large portion of our federal budget each year goes to paying interest owed on the U.S. debt. In 2022, npaeyarmlyen7t%s oonf tahllefeddeebrt.al outlays were spent just making interest ¹⁸ Higher interest rates have a big impact on the amount A2 0m2e1r,i cbaemf our es t ipnat eyr eosnt i trsa tdeesb tb eegaacnh yt oe a cr .l iImn bt,h et hlea sgt oqvuearrntme re notf ss po ue nntd s$l1i k5e0 abliol lti,oann di ni t i inst. eBr eust t c opnasyimd eern ttsh aot no nteh ey eda er bl at .t eTr h, iant ti nhteefriensatl pqauyamr t ee nr tosf -2 0a2n2a, dt hdei tgi oonv eorfn m$ 6e3n tbsipl l ei onnt $ 2 1 3 b i l l i o n o n over the same quarter the previous year . ¹⁹ In fact, higher interest rates in 2022 caused our ghoisvteorrnymoef notutrocopuanyttrhye: $l4ar7g5esbtilalimono.unt of debt interest in the ²⁰ Is it any wonder there's pressure in Washington to get interest rates lower again? ¹⁸ N aDt i roenwa l DDeesbi ltv. ”e hr . t Pt pesw: / R/ we swe awr .cphe wC erne tseera. rFcehb. or ruga/r syh1o4r ,t -2r0e 2a d3 s“/52 F0a2c3t /s 0A2b/o1u4t /t h e facts-about-the-us-national-debt/ ¹⁹ 2 0 "2T3h. eh tUt pS si :s/ p/ wa ywi nwg . ca nrne .ccoormd /a2m0 o2 u3 n/ t0 o2 f/ i1n4t /e pr eosl it t oi cns /i ti sn tdeerbe ts, t" - Cp Na yNm, Fe en bt sr -uf ea dr ye r1a4l -, debt/index.html ²⁰ M a"rTchhe2F8e, d2e0r2a3l .Bhutdt pg se:t/i/nwFwi swc a. cl bYoe. ag ro v2/0p2u2b, "l iTc ahtei oCno/n5g8r 8e s8s8i o n a l B u d g e t O f f i c e ,
Made with FlippingBook interactive PDF creator