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Granted the US debt does not all come due at once; but the sudden dramatic shift
in interest rates does make the deficit look ominous. Yo! it is the amount of interest
payment on the total debt at current rates. One most certainly doesn't want to go
beyond that; not for the moment, anyway!
But then the situation in Canada - which looks brighter - is structurally different.
The US federal government budgets for everyone, while in Canada the Provinces
take on more of the burden.
Good luck on passing that deal. Legislators from 51+ states will be involved...
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