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Government is issuing the debt and the right hand the federal reserving the federal reserve is buying the debt. if interest rates start to rise as inflation rises because two things move in tandem. what impact will that have on the federal budget if federal borrowing costs rise by another couple of interest rate points? >-÷y you re talking potentially a trillion a year of borrowing to finance this enormous debt. stuart: steve, how close are we to a real financial crisis? i think the economy is getting better. the problem is, [email protected] can t pt that genie back in the bottle when you start spinning money into the economy. stuart: when we come back. forget wisconsin. ohio move to the frontlines of the union battle with the opposition digging in and polls suggesting the public supports collective bargaining, will republicans hold firm or fold? ....

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