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Harryk

wrote:
On Sun, 24 Apr 2011 09:53:15 -0700, wrote:

On Sun, 24 Apr 2011 02:13:28 -0400, wrote:

Do you even have a clue how much of our debt is in short term notes
that roll over in months not years so the interest rate can change in
a flash. You keep talking about "long term" and "years down the road"
but we could get clobbered in a matter of months.
There's no evidence to support that fear.

One of these days you will hear a democrat say it and then it will
have been obvious all along to you.
The fact remains that there are a lot of these short term notes being
rolled over into long term paper. In a way that is good because you do
not have to keep going to the well for the money but the bad news is
the interest rate is about 10 times as high, being over 3% instead of
the 0.3% they pay on short term paper.
Right now our average interest rate on the debt is around 1.5%
($206.7 Billion a year)

And that's less than a third of what we waste on the military.