https://pjmedia.com/richardfernandez/2009/11/23/odds-against-tomorrow/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 02:45:12 -0400<![CDATA[The New York Times is worried about burgeoning government debt as interest rates begin to climb. Much of the newly acquired mountain of government debt was acquired at rates which were low because of the recession. Those low rates made them temporarily tolerable. Now, as those rates begin to climb, debts are interacting with demographic trends to create a potentially disastrous tsunami. Even if the government stopped spending immediately the interest payments would continue to climb, like a credit card in meltdown.]]>Mon, 23 Nov 2009 10:32:29 -0500<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/11/23/odds-against-tomorrow-n189410