ADVERTISEMENT



Google       

Bookmark Follow Me Email to a friend

Academic

: Instapundit.com

MORE TREASURY BOND WORRIES: ?I do want to point to two articles that point to a growing problem tha?

By Glenn Reynolds (index)

MORE TREASURY BOND WORRIES: “I do want to point to two articles that point to a growing problem that the Obama administration has failed to address in any serious way: the exploding deficits, and the resulting need to borrow heavily. . . . Eventually the treasury has to roll that debt or pay it off, and if interest rates spike, that can prove catastrophic–just ask Argentina. The five year, seven year, and especially the thirty year auctions will tell us much more. If the longer-yield debt again registers weak demand, the administration is going to have to address this problem.”

But how can they do that? Tax increases to make up the difference are impossible — not only politically, but probably economically — and they seem sublimely uninterested in cutting spending.

Meanwhile, let’s run that graphic one more time, since I still hear Obamites blaming the problem on the cost of the Iraq war, etc.:


Full post as published by Instapundit.com on May 27, 2009 (boomark / email).

Related Law Blog Posts
Search Blog Directory:

Search Blog Directory:

Related Law Articles

Related Law Questions

Lawsuits and Settlements


















US Law
#1 Online Legal Resource









Click here






Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!











Click here
0.2787 secs