Interest Payments As % of GDP

While a lot of people are making a big deal about interest payments the reality is far different. To get an accurate reading you must compare interest payments to GDP.

While I agree we should not be deficit spending to infinity at the same time we must also understand where we stand right now and what the trend is.

Here is the raw chart paraded.

Commento:

Interest payments as a % of GDP (which is what matters) are starting to hit extreme levels.