 directly attributed to the increase in deficits now i've not seen any research pointing in that direction and i can tell you that uh... day i've looked at another people have looked at shows no relationship correlation more technically between year-over-year deficits or changes in debt and interest rates mike it just isn't now if you look at debt relative to gdp debt held by the public specifically relative to gdp forget about what's on the fed's balance sheet whole different