[org.whodat]

BULL, a reasonable interest rate is about 5 to 7 percent, I financed housing for years at 7 % it was a good market and the economy was expanding and homes increased in value.

[gleeaikin]

Are you saying you would rather that we taxpayers be in the hole for paying government interest rates for the national debt at 7%? I am sure the current rate we are paying is considerably lower than that, probably around 3%, and if we have to borrow more it is now in the neighborhood of 1.5% The point is that if the government defaults on bills, then the interest rate on the national debt will increase and we will all be paying for it.