Over at PJMedia, Victor Davis Hanson predicts four issues in the coming months that will be harmful to the Democrat Party as a whole, and to the current administration in particular: zero interest rates, Obamacare, debt and borrowing, and amnesty.
His discussion of zero interest rates is interesting. The rate the government pays now, about 2.2%, is about one third of historically average. That is how the government is able to borrow at the tremendous volume of the past five years–interest payments are about the same as they were five years ago, when the debt was half what it is now. When (not if) interest rates on Treasury bills return to historic norms, the debt maintenance will be in the neighborhood of a trillion dollars a year.
Chew on that one for a bit.