The New CS Board

[jumanji0881]

Interest rate increases will doom the sovereign debt
5 budget assumptions that won't happen : http://finance.fortune.cnn.com/2012/02/21/unrealistic-budget-assumptions/?iid=HP_LN
My comment: Many of these analyses, such as this one, use the publicly held debt as the measure of the sovereign debt which I think understates the magnitude of the problem.
Excerpt:
Interest rates need to stay low, but will they?

Today, the U.S. is paying an average interest rate of just 2.1% on the $11.6 trillion in debt in the hands of investors. That's one-third of the average of 6.5% since 1986. To keep interest payments down, the Treasury has systematically reduced the average maturity on its bonds to benefit from the extremely low yields on short-term notes. Today, almost 60% of all U.S. debt needs to be repaid within four years.