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[email protected]

On Mon, 25 Apr 2011 13:06:53 -0400, wrote:

On Sun, 24 Apr 2011 22:52:55 -0700, wrote:

On Mon, 25 Apr 2011 00:41:22 -0400, 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)

Right now, we're trying to recover from a devastating financial
calamity. Right now is not the time to try and fix a long-term
problem.

We are not actually recovering anything if we are creating an
unsustainable debt.

Every time you buy a house and get a mortgage, you create an
unsustainable debt, since you have no absolute guaranty that you'll
have a job long enough to pay off the mortgage.

The key word of course is "if." Our debt may be "unsustainable" if you
assume the very worst case scenario. In all other scenarios, the
problem can be (and actually is being) address, even though you want
to believe otherwise.