Feds Raise Rates How To Service National Debt?

After almost a decade of interest rates in the proverbial cellar or basement 

The Fed announced that fed funds rates will begin their gradual ascent

Twenty-five basis points here, twenty-five basis points later there

As the Fed crystal ball says it’s to act to inflation increases be able to pare

Long awaited announcement long over due

So far the market is not rattled but here is the potential dropping of another shoe

The cost of servicing our bloated and growing federal debt will start to expand

At 20 trillion in debt which under this president we will soon burdened oppressively with

We will be without the luxury of years of very low interest gifts

At 20 trillion in national debt for each servicing cost rise of 25 basis points

Will be 50 billion dollars to our social or defense programs from our ability to pay disjoint

When push came to shove on the budget, the Reds caved, Reds blinked

Would not run the risk of shutting the government down so into the debt mire we further sink

When it comes to terror and foreign policy Obama suffers from major delusions

He sees the world as he wants it to be not as it is and anything conflicting with that view is subject to immediate exclusion

But when it comes to politics aided by his two lackeys Pelosi and Reid

He runs circles around the Reds, ignoring the people’s wishes and usually gets what he needs

Even if the next President is a Red, to make this country great again hobbled by staggering debt and rising rates

He or she is going to have to pull the proverbial rabbit out of the economic recovery hat to right this leaking, listing ship of state

© December 19, 2015, Michael P. Ridley aka the Alaskanpoet
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