To: Roccus
The nation might be better off if it only lasted until Sept. 1,2012Actually, if our credit rating goes low enough so that interest costs increase, that - or even sooner - could be the reality. And that, in an election year, would be absolutely fantastic!
44 posted on
08/03/2011 8:14:05 AM PDT by
Real Cynic No More
(The mighty zero, obama,does not warrant the respect necessary for his name to be capitalized.)
To: Real Cynic No More
Actually, if our credit rating goes low enough so that interest costs increase, that - or even sooner - could be the reality. Or, if we try to sell a load of T-Bills and there are no buyers. Ben steps in and "buys" them. Etc. We're one big failed treasury auction away from entering the death spiral of inflation and high interest I'm afraid.
47 posted on
08/03/2011 8:25:30 AM PDT by
IamConservative
(Do peeps that drive Smart Cars on freeways have a death wish? If not, they better have spare undies.)
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