Mike.Redd
Member
- Joined
- Jul 17, 2013
- Messages
- 57
- Reaction score
- 24
- Location
- Atlanta, Ga
- Gender
- Male
- Political Leaning
- Conservative
How is it even possible to get to a number like that? That is obnoxious! I think our government needs a new CPA or a better accountant.
Actual Debt number can be seen here:
Fed watch: Federal Reserve now owns over $2T in U.S. debt | Via Rare.us
:coffeepapHow is it even possible to get to a number like that? That is obnoxious! I think our government needs a new CPA or a better accountant.
How is it even possible to get to a number like that? That is obnoxious! I think our government needs a new CPA or a better accountant.
Actual Debt number can be seen here:
Fed watch: Federal Reserve now owns over $2T in U.S. debt | Via Rare.us
Everything is
relative. Our GDP is about $15T. $2T
is not a big deal in context. I guess if the US had the economy of Slovakia it would be alarming. But we don't.
So debt fetishists can calm down: the sky isn't falling.
How is it even possible to get to a number like that? That is obnoxious! I think our government needs a new CPA or a better accountant.
Actual Debt number can be seen here:
Fed watch: Federal Reserve now owns over $2T in U.S. debt | Via Rare.us
LOL !! So Obama just needs to spend more.
The Fed reserve is Obama's little personal stimulus package. He gets his appointed minion to pump billions of dollars a month into the economy - at the risk of tax payer expense all so he can end around Congress and not have to deal with pesky laws and that durned ole dusty Constitution. A liberal's wet dream...a government backed piggy bank with unlimited withdraws.
Any "spike" in interest rates REDUCES the cost of previously sold bonds.Seeing as these are short term securities a spike in bond yields (interest rate) can leave our Treasury with a brand new expense.
The Fed reserve is Obama's little personal stimulus package. He gets his appointed minion to pump billions of dollars a month into the economy - at the risk of tax payer expense all so he can end around Congress and not have to deal with pesky laws and that durned ole dusty Constitution. A liberal's wet dream...a government backed piggy bank with unlimited withdraws.
Any "spike" in interest rates REDUCES the cost of previously sold bonds.
Proportion and chronology are missing from your calculation.
Um...no, "we" don't "refi" T notes. The quote was in response to "short term" notes going forward, which in REAL terms are still below the rate of inflation (hence their negative value). We are still effectively in a lower bound.Well, until it comes time to pay them off. Since we just continuously re-fi so we only make interest-only payments forever, the argument is only temporarily valid. It is the policy of systematically diluting the purchasing power of a dollar that reduces the cost of borrowing overtime.
Of course the national debt is coming up on $17T, but for some reason, the Left doesn't seem to be too concerned about that.Everything is relative. Our GDP is about $15T. $2T is not a big deal in context. I guess if the US had the economy of Slovakia it would be alarming. But we don't.
So debt fetishists can calm down: the sky isn't falling.
Of course the national debt is coming up on $17T, but for some reason, the Left doesn't seem to be too concerned about that.
U.S. National Debt Clock : Real Time
LOL !! So Obama just needs to spend more.
The fact that our Central bank has monetized 2 TRILLION of our short term debt so they can prop up the stock market and a stagnant economy is the issue here and its one of the most destructive aspects of Obama's failure.
And all in the interest of keeping Obama's 7 Trillion in new debt cheap....for now.
Seeing as these are short term securities a spike in bond yields can leave our Treasury with a brand new expense.
On top of the massive amount of borrowed money they currently spend to take care of the growing dependent class in this Country.
Elections have " consequences " alright and the best the left wing messiah can do is offer up the illusion of wealth in the stock markets....
How pathetic.
Not true. All Americans are concerned.
The very same minion Bush had. Isn't that kind of interesting? Perplexing? Mysterious?
That is NOT a "blame Bush" statement. But it is the very same guy. Am I wrong?
The Fed Open Market Committee has 12 independent members, and each has one vote. The 7 member board of governors were all appointed by prior presidents until recently (their term is 14 years with one term expiring on a staggered even year basis).
More Obamaphobia on parade.
How is it even possible to get to a number like that? That is obnoxious! I think our government needs a new CPA or a better accountant.
Actual Debt number can be seen here:
Fed watch: Federal Reserve now owns over $2T in U.S. debt | Via Rare.us
$ 2.000.000.000.000 sounds like a lot of money and 313.900.000 sounds like a lot of citizens. Let's just take the hit. Get it out of the way. Turn to tomorrow.
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