Paul Krugman

@paulkrugman ↗

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Last Checked April 2, 2021

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Fri Mar 05 13:32:27 +0000 2021

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Paul Krugman @paulkrugman

So what's driving those debt service projections? You might think it's snowballing debt: more debt leading to more interest burden leading to even more debt. But nooooo ... 4/ — PolitiTweet.org

Posted March 5, 2021

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Paul Krugman @paulkrugman

But it will be important to understand what's driving those projections. Some of it is entitlement spending, but mostly it's projected interest payments (I start from 2024, after the Covid bulge is over) 3/ https://t.co/TidMLG7b97 — PolitiTweet.org

Posted March 5, 2021

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Paul Krugman @paulkrugman

Mostly it's just the assumption — and it's just an assumption — that the interest rate on federal debt will rise drastically, back to levels we haven't seen since before the 2008 financial crisis 5/ https://t.co/LsXVJacEFS — PolitiTweet.org

Posted March 5, 2021