They are 10 year bonds, but they roll them over and add more to them
over that 10 years.
Obama's $10 Trillion along with the previous $10 Trillion was financed
while interest rates were near ZERO, the next $20 Trillion borrowed and
the present $20 Trillion will NOT be financed and refinanced at an
interest rate near Zero.
That means that as it rolls over and grows in the next 5 years we will
have half that $40 Trillion raise the deficit spending and then the
following 5 years the interest rates and the deficits will make the
interest payments and deficits self perpetuating and it will all grow
even larger than we would expect and without increasing the spending on
welfare and the Military.
The *ONLY* way to catch the deficit growth is to grow the economy faster
than we grow the government and it's deficit spending, and that will
require a 7% GDP to catch-up to the government growth. You can cut
government regulation and growth and spending, but Democrats won't allow
it and will obstruct all attempts to reign in government.
And without that, the GDP can't grow to 7%.
So the next 10 years are a symptom of failed Liberalism.
--
That's Karma
*Apologize for being Democrats*
Obama should apologize for the rise of million of Americans on food stamps.