The U.S. Government is the largest holder of adjustable rate debt in the world.
The average maturity of our $15 trillion debt is 4.3 years.
36% matures in less than one year
64% matures in 2-30 years
I sure hope that inflation doesn't drive rates up........
Pushing up our bubble economy sure took an enormous amount of borrowed money.
The Age of Excess was like no other in U.S. history.
Let those poor Chinese peasants "who made all the goods we bought" do all the saving.
Besides, saving money was downright Un-American.