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Re: Really low borrowing costs

By: faul in ALEA | Recommend this post (0)
Sat, 19 May 12 7:06 PM | 48 view(s)
Boardmark this board | The Trust Matrix 		Msg. 07921 of 54959
(This msg. is a reply to 07920 by Cactus Flower)
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Hi Alea.......

So the government takes the deal now when interest
payments are at historical lows..........what happens
when the debt is rolled over & interest is much higher?

"Likewise, taxpayers in the UK are still paying off the debts of the Napoleonic Wars of the early 1800s and those of the Anglo-Dutch Wars of the 1650s and 1660s"

Greenspan more than anyone set the U.S debt ball rolling.....
Presidents are puppets........

Doma.


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The above is a reply to the following message:
Re: Really low borrowing costs
By: Cactus Flower in ALEA
Sat, 19 May 12 6:51 PM 		Msg. 07920 of 54959

Hi doma,

Well, then the governments should be taking the deal available now as the interest payments are miniscule on a relative historical basis.

Not sure why you say principal is never paid back. The total value of debt relative to the total size of the economy waxes and wanes. Before Bush came along, Greenspan was complaining that the US faced a problem because the country had so little debt: Bush sure fixed that.

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