Consider $30 Trillion in national debt, a mindboggling number. Think if the interest rate on Government bonds were to go up 1 percentage point it could add $300 Billion in annual interest payments. That is crazy. Next try not to imagine what would happen if it went up 2 or 3 percentage points. Now I know the average maturity of our debt is like 5 or 6 years so they don't all come due at once, but not extending the maturity of our debt while rates were cheap is going to prove to be a massive mistake. The Fed is literally not going to be able to raise rates enough to combat inflation because it would kill the federal budget. Therefore inflation is here to stay. I hope everyone has taken steps to protect themselves and their assets.