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Re: Should Congress abolish the debt ceiling?  

By: Cactus Flower in ALEA | Recommend this post (1)
Thu, 06 Dec 12 7:39 PM | 52 view(s)
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Msg. 12119 of 54959
(This msg. is a reply to 12118 by clo)

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Interest rates are so low that it is a great time to borrow to fund infrastructure spending.

In spite of the fact the principal value of the debt is relatively high, the interest payments on the debt are not.




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The above is a reply to the following message:
Re: Should Congress abolish the debt ceiling?
By: clo
in ALEA
Thu, 06 Dec 12 7:09 PM
Msg. 12118 of 54959

Good morning faul,

Here's my take, if they vote for spending & its passed, they can't complain later when the bill is due.
That's bogus crap...


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