CBO: The government’s (almost) free money is over, at least for now

The federal government may once again have an opportunity to learn a painful lesson about rising debt prices and rising interest rates in an uncertain economy. Congressional Budget Office, In the recently released budget and economic scenario, forecasts an increase in federal borrowing costs over the next decade. The CBO estimates that net interest as a share of gross domestic product (GDP) will nearly double over the next decade – from 1.6 percent to the decidedly inconvenient 3.3 percent. This is a significant increase from last year forecast of 2.7…