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federal debt was $15 trillion, now it is 31.5, in theory rising to 33 or more. it is trying to raise interest rates to dampen inflation but at the same time the more it raises interest rates, the more it costs america to borrow, the bigger the interest bill gets. so there is a nasty choice there. my guess is we will go back to the 1970s, the big bill for b and i miss paid for by inflation and i think this will be paid for by inflation. paid for by inflation. really interesting paid for by inflation. really interesting point. - paid for by inflation. really interesting point. what- paid for by inflation. really interesting point. what is l paid for by inflation. really - interesting point. what is more damaging in the longer term? if america doesn t raise the debt ceiling and therefore defaults on its debt, but also for america s standing in the world stage, or if it raises debt and says we will throw fiscal responsibility out of the window? we throw fiscal responsibility out of the

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