CAROL ROTH: Trump is right to worry about interest rates — but there’s a price to pay
Fox News
Trump administration faces fiscal crisis as debt servicing exceeds defense spending, forcing Fed intervention that will likely trigger inflation.
Our government continues to run massive deficits — the type you might see during a recession or war, not during a time of GDP expansion. Carol Roth is a former investment banker, entrepreneur and author of the new book "You Will Own Nothing" Broadside Books. Her previous books are "The War on Small Business" and the New York Times bestseller "The Entrepreneur Equation."
Given that higher interest rates beget higher debt servicing costs, and that we have an increasing amount of debt to finance, as well as trillions of dollars in debt to refinance this year, President Donald Trump is right to be concerned about interest rates.
But there is no free lunch.
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