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Politics : View from the Center and Left

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To: Steve Lokness who wrote (245619)2/26/2014 12:31:32 PM
From: Wharf Rat  Read Replies (1) of 541520
 
"We can't just spend like there is no tomorrow -"

Maybe not, but we had better invest today like there is no tomorrow, cuz the debt scolds made us waste yesterday, which was 2 years ago tomorrow.

2/27/2012
WASHINGTON — These are the best of times for the world’s most ravenous borrower, the United States of America.

A combination of unusual and unsustainable forces has pushed the cost of borrowing as low as it has ever been, so low that many investors effectively are paying to lend money to the government.

Investors buying five-year federal debt are accepting such low interest rates that inflation is on pace to reduce the value of their investments by more than 1 percent each year. Yet demand for United States Treasuries remains much greater than the supply.

nytimes.com
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