Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: central_va

You also have to pay back the principal on any debt maturing, probably no small sum.


16 posted on 10/07/2013 6:48:00 PM PDT by edhawk
[ Post Reply | Private Reply | To 15 | View Replies ]


To: edhawk; JLS; central_va

Clearly this is political posturing on both sides.

As long as we (the IRS) is collecting tax revenue, we will not default.

Principal payments on maturing debt will be refinanced by the FED and it’s QE* policies.


18 posted on 10/07/2013 7:38:52 PM PDT by Zeneta
[ Post Reply | Private Reply | To 16 | View Replies ]

To: edhawk
You also have to pay back the principal on any debt maturing, probably no small sum.

Sometime maybe, but it can be rolled over now. It would be trouble if the interest rate goes up, but Ben Bernanke won't let that happen.

20 posted on 10/07/2013 8:13:57 PM PDT by slowhandluke (It's hard to be cynical enough in this age.)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson