wrote in message
...
On Thu, 28 Jan 2010 10:36:18 -0800, "nom=de=plume"
wrote:

wrote in message
. ..
On Thu, 28 Jan 2010 00:21:06 -0800, "nom=de=plume"
wrote:

$383,071,060,815.42 last year 12,3%

Expect to see that shoot up with the extra $2 trillion


What extra $2T? And, it won't make that much difference. The "debt"
issue
is
seriously overblown. It's not insignificant, but it's not anywhere close
to
a crisis.

The extra $2T we added to the debt in the last year. ($10T to $12T) If
you think the added 20% of interest on the $2T is not that much
difference, "De Salude Don Corleone"


So, it went from 12.3% to 20%? Amazing math.

Let's slow down. The debt service WAS 12.3% of the budget in 2009
(one thing)
We added 20% to the debt since last year so the basis for the interest
will go up 20% (a different thing)
The missing number is what the auction will set the interest at for
the paper when it rolls over. If the US starts looking just a little
more risky that rate will go higher. The "risk" isn't really the
threat of default, only the threat of the devaluation of the dollar
but that can go over the tipping point.


There's no "threat of default." That's just a fear tactic.

--
Nom=de=Plume