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To: y6162

The U.S. government is having no trouble borrowing to cover its deficit. In fact, its borrowing costs are near historic lows.


Yes, because the Federal Reserve is buying those bonds with $$ created out of thin air.

Kind of like saying that sexual relations between siblings is no big deal.


9 posted on 12/14/2012 10:15:01 AM PST by rbg81
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To: rbg81
The U.S. government is having no trouble borrowing to cover its deficit. In fact, its borrowing costs are near historic lows.

Look how low the rates are on home-equity loans! It would be crazy NOT to buy that new SUV and hot tub! /sarc

Um, if the borrowing rates are near historic lows, that means they have been higher in the past. This strongly implies that they will (cough, cough) be higher in the future.

11 posted on 12/14/2012 10:28:16 AM PST by MissNomer
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