wrote in message
...
On Fri, 18 Jun 2010 14:21:43 -0700, "nom=de=plume"
wrote:

I saw a projection today, using
Obama's numbers that the interest on the debt will be $900 billion in
a few years. That assumes interest rates are stable. Indications are
they will go up sharply was world liquidity drops.

It's a bit early to tell how things will ultimately shake out, but
spending
in general and the HC legislation HAD to happen or we'd be in much worse
shape, certainly going forward. There are no "indications" that interest
rates will go up sharply... what liquidity? The money supply is stable.

We still do not know how this Euro thing is going to work out. Bear in
mind, more than half of our foreign owned debt is from European
sources. If they lose the ability to buy our paper, that paper will be
harder to sell, hence the auction will be higher

I think that's at least a plausible argument. I think the European Union is
here to stay, but it might scale back.