Federal Debt is All About Interest

National Debt

I have heard a lot of fear-mongering about US debt. It has skyrocketed from $10 trillion under Bush to $19 trillion (as of 4/15/2016) under Obama. It’s craaaazy, it’s ok, and I’ll tell you why. Why is our soul-crushing debt OK? Let’s first define what national debt is and how we get it. Congress passes a…