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posted to rec.boats
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external usenet poster
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First recorded activity by BoatBanter: Feb 2013
Posts: 968
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Brewing economic scandal
On Wed, 27 Mar 2013 02:05:09 -0400, wrote:
On Tue, 26 Mar 2013 21:46:09 -0700, Urin Asshole
wrote:
Less than half that. And, the money coming is absolutely lent to us...
at very, very attractive rates... approaching zero.
... and even with that, entitlements and the interest on the debt eats
every dollar of revenue.
What happens when that interest goes up a half a point?
Not much.
Only if you think the sequester was "not much". It is more money.
(.005 x $16T is $60B)
so, the sequester is a good or bad thing? Jeeesus... it's like arguing
with a five year old.
Again "not much?"
The point is we are talking like the sequester is the end of the world
(laying off cops, turning prisoners loose, slashing education budgets,
withdrawing a carrier group and stopping the white house tours) and it
only represents about a half a point rise in interest rates, not much
when they are very low now..
Never said end of the world. Said bad thing, unnecessary, and the
consequences are just starting to hit. All of it at the Republican
doorstep.
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