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

To: ladyjane
What all this means is that we will Default.
If they are increasing the Debt ceiling they will spend it.
Interest Expense on the Debt exponentially expands, as higher interest rates finally come the money to pay the interest on the debt outstrips everything else.
Default is coming, no way out of the box now.
48 posted on 07/31/2011 6:19:45 PM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 27 | View Replies ]


To: Captain Peter Blood

67 posted on 07/31/2011 6:29:54 PM PDT by Errant
[ Post Reply | Private Reply | To 48 | 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