Dan Clifton thinks that the Fed will have to step in and help the Treasury out in order to get interest costs lower. “We are at a very significant inflection point.”

Ms. Evans is perplexed how the public seemed more interested with ballooning debt and deficits in 2011 vs now when interest rates are higher.  Mr. Clifton says that the deficit costs are a,” warning shot that we need to get our fiscal house in order at these levels of high interest rates.”  He also thinks our net interest costs will begin to squeeze out domestic spending programs.