Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: listenhillary
Do we sell variable rate bonds? No.

Wouldn’t it kill us only if we kept borrowing?

Well right now we are borrowing 40 cents of every dollar we spend federally and if we balanced the budget tomorrow we'd still have to borrow to roll over the existing debt as it comes due and its average maturity is 3 years.

10 posted on 08/09/2012 8:24:55 AM PDT by NeoCaveman ("If I had a son he'd look like B.O.'s lunch" - Rin Tin Tin)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: NeoCaveman

What if we just said we’re not going to roll over existing debt?

We’re broke. Broke nations don’t borrow money. Sorry your politicians lied to you for 60 years, but you and your parents kept voting them in office.


15 posted on 08/09/2012 8:41:06 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson