The Most Wasteful Spending of All and Why It Will Spike in 2015 (A Spending Spike to the Heart)

ATR ^ | 7/19/10 | Jeremy Weltmer

[Andrea19]

...The takeaway from this is quite simple: the United States can expect a massive increase in the yields of its bonds in 2015 when Moody’s demotes US debt from Aaa to Aa1. Specifically, the US can expect bond yields to rise by approximately one percentage point, meaning a 33% minimum increase in its costs to borrow, and as Norway shows, it could cost far more.

Taxpayers should brace themselves, for there will be an additional spike in 2015 to the tune of $133 billion. To put that in perspective, the budget allocates $130 billion per year for operations in Afghanistan and Iraq. Moreover, the spike could far exceed this conservative estimate...

Read more: http://www.atr.org/most-wasteful-spending-all-spike-a5220#ixzz0u9s6hIEn

[Andrea19]

Just think of how much people have gone back to credit from hard currency, whether the practice is good or could be better, a sudden downgrade would sink us.

Help promote Conservative activism here & here & here & here

[E. Pluribus Unum]

The exponential numbers are coming! The exponential numbers are coming!

[Andrea19]

Lol