On 2-Dec-2011, bpuharic wrote:

or whatever he believes; he hasnt made a coherent argument yet

Big myth, people buying the debt. US Fed is fraud printing it.

hey genius. if people didnt want US debt we'd be giving interest rates
like italy and spain are paying

Try to grasp risk, and supply and demand. The U.S. pays higher interest
rates because your debt is risky - that makes demand low, or, you need to
pay a higher interest to sell it....well, the fact is, YOU pay the higher
interest, not the scumbags that took you down the hill.

You never should have skipped 4th grade economics.