tag:blogger.com,1999:blog-6399730406480392183.post2073966942484977450..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Interest on the United States Debt - An Unsustainable ScenarioA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6399730406480392183.post-50590406057479223172011-08-12T03:47:20.090-03:002011-08-12T03:47:20.090-03:00Debt is not a issue. Main Thing is They are taking...Debt is not a issue. Main Thing is They are taking a strong and best decision.SEO Companyhttp://1seocompany.com.aunoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-48709935061510487212011-08-02T19:21:36.636-03:002011-08-02T19:21:36.636-03:00What happens when the interest rate goes to 10%, 1...What happens when the interest rate goes to 10%, 15% and 20%. <br /><br />WE had these rates under another incompetent President!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-60022886319652037262011-08-01T16:20:37.066-03:002011-08-01T16:20:37.066-03:00Interest on the debt is added to the debt.
Actuall...Interest on the debt is added to the debt.<br />Actually, the interest on debt held by the public is supposed to be paid with general revenues, with an immediate budget impact.<br />Interest on intragovernmental debt (such as the Social Security trust fund) is paid with Treasury debt.<br />This is why since 2010, even though excess FICA taxes and interest exceeded expenditures, the interest tapped had to be redeemed in cash.<br />This is because the interest was in the form of debt, and the only way to redeem it is in cash.<br />The other option is to add to debt held by the public.<br />This, however, will not increase the total debt as intragovernmental debt goes down by the same amount that debt held by the public rises.<br />I can provide reputable government citations and links to support these statements for anyone who is interested.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-43728932969587381312011-08-01T12:06:39.332-03:002011-08-01T12:06:39.332-03:00Great Britain was the world's mightiest nation...Great Britain was the world's mightiest nation. Was. The United States is the world's mightiest nation. Currently is. Tomorrow was? Is China up next? This debt situation is not sustainable. The system is going to eventually collapse.<br /><br />Good article; good analysis.William Quincy Bellehttps://www.blogger.com/profile/14337095766556949027noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-73109002643565829982011-08-01T11:33:32.387-03:002011-08-01T11:33:32.387-03:00But Rev. Joe's wife is still smoken hot...But Rev. Joe's wife is still smoken hot...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-17818289121818404552011-08-01T04:09:43.265-03:002011-08-01T04:09:43.265-03:00Glad to see i'm not alone in thinking this dea...Glad to see i'm not alone in thinking this deal is pathetic. To the author, try visiting cnn.com right now- you will be shocked by the current manifestation of their home page. You'd think this was the biggest news since WW2 ended...Anonymousnoreply@blogger.com