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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (19452)	7/6/1999 12:40:00 AM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

<OT> If the government wasn't borrowing ~250 Billion/year for the interest payments on this debt, what do you think would happen? The lenders would have to find other sources to get return on their money and that would drive interest rates down to about 3.5%....close to what my parents enjoyed and I'll never see. That's one consequence that comes immediately to mind. Yes, I agree that in business and, to some extent, personally some debt can be a good thing or at least not so bad....but when I pay taxes, I surely would like it to go for goods and services and not for interest payments on debt that exists because politicians want to give a tax cut as a bribe to get re-elected. It wasn't too long ago that the discussion was that Budget deficits were keeping the economy from expanding....look how much positive has happened in the economy since the balanced budget initiatives!....project a little further along this path as the result of major debt reduction.