UNSUSTAINABILITY: US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion.

While out of control government spending is clearly a concern, an even bigger problem is what happens to not only the US debt, which recently hit $21.3 trillion, but to the interest on that debt, in a time of rising interest rates.

US government Interest Payments are already rising rapidly, and just hit an all time high of $538 billion in Q2 2018.

Interest costs are increasing due to three factors: an increase in the amount of outstanding debt, higher interest rates and higher inflation. Needless to say, all three are increasing; furthermore, a rise in the inflation rate boosts the upward adjustment to the principal of TIPS, increasing the amount of debt on which the Treasury pays interest, turbocharging the amount of interest expense.

Think about that: Just paying the interest on the debt isn’t much less than this year’s deficit.

BLUE WAVE: Democrats Shoveling Loads of Cash into Longshot Races. “Do the Democrats know something the rest of us don’t?”

You know the drill: Less time on the internet, more time volunteering or donating to a vulnerable candidate.

RICHLY DESERVED: The SPLC’s terrible year just got worse.

NICE: Donations Sent To Puerto Rico Found Rotting In Parking Lot.