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Politics : President Barack Obama
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To: RMF who wrote (50103)2/6/2009 6:39:26 PM
From: RMF  Read Replies (3) of 149317
 
Here are some "tangible" effects of our borrowing.

Interest rates are rising on our Treasury Notes. We are seeing a schedule of MORE borrowing than we have ever had in the past.

The FED is talking about buying our debt, which is essentially the U.S. buying debt from itself.

The stimulus will add another Trillion or so to a debt that no one wants to finance. It's NOT good.

ft.com
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