What is USA's breakeven interest rate?
It is strange that I know a 7 percent interest rate for Spain or Italy's is a default level, but have no idea of America's default interest rate. What is the level of interest rates that would bankrupt the USA, where interest payments exceed total tax revenue given our level of debt?
You know, even having to think about that is disgusting and Congress and the Obismal Administration better wake up to the fact that the current set of policies of spend to support bloated, over-reaching government is bankrupting America.
If we are "One Nation under God" I sure hope he knows our banker!
You know, even having to think about that is disgusting and Congress and the Obismal Administration better wake up to the fact that the current set of policies of spend to support bloated, over-reaching government is bankrupting America.
If we are "One Nation under God" I sure hope he knows our banker!
Posted by Bradley Fluetsch at 11/20/2011 5:41 PM 
Categories: Economics
Tags: God Treasury interest rate bankruptcy losses. pension disaster
Categories: Economics
Tags: God Treasury interest rate bankruptcy losses. pension disaster
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