Gary,
Do you have a home mortgage? Is it 15 years? 30 years? Why didn't you get
a 100 year mortgage? Your payment would have been much lower. However, the
bank wouldn't lend you money past your expected lifespan.

The US Gov't doesn't have an expected lifespan. Stringing out the debt
over 200 years to the gov't is no worse than you taking a 30 year mortgage.
In fact, the gov't is probably a safer bet...which is why they borrow at
rates a lot lower than you.

If I take out a balloon note from bank A that expires in 5 years, and then
take out a note from bank B to pay off that note...and then get another note
from bank C five years later...and so on, and so on...the bill never comes
due. The problem is, a bank is eventually going to tell me they're no
longer going to lend to me, and the game ends. Well, that doesn't happen to
the gov't.







"Gary Warner" wrote in message
...

"NOYB" wrote:

1) the government can borrow ad infinitum. It's like having a mortgage
that's amortized over an infinite number of years.


Yea! The Government can just borrow and borrow and borrow. They can
pay it back waaaaaaay in the future. No need for us to worry about a
thing.
God, that's why I love the repulicans they make everything so easy and
simple
to understand. Those damned democrats are always doom and gloom and
complicating things with fancy consepts and "long term" consequenses.