CBO: Debt level will rise to 90% of GDP in nine years

Hot Air "Don’t expect that debt to come cheap, either. We’re already seeing signs that our interest rates will have to go up in order to sell more paper, which will cause the deficit projections here to actually fall short of reality. We could be looking at a collapse scenario where we can’t borrow enough to keep up with our interest payments by the time this decade concludes." People who are committed to Obama and Democrats must be totally unaware.