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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Nicholas Thompson who wrote (18138)3/5/2007 11:42:44 PM
From: Peter Dierks  Respond to of 71588
 
So are you suggesting that institutions a 30% economic drag on the economy would speed us to prosperity? What about the signators to the Kyoto tax that seem to have neglected to honor their commitment because they realise that it is a suicide pact?

Are they to be honored and applauded or ridiculed as hypocrites?



To: Nicholas Thompson who wrote (18138)3/6/2007 5:34:30 PM
From: TimF  Respond to of 71588
 
The US government doesn't pay high interest rates. Also the holders of the debt can't foreclose and it wouldn't be in their interest to do so if they could.

What they can do is not buy as much new or rolled over debt. If that happens the government would have to be a higher interest rate in the future. The idea of foreclosure is pretty much irrelevant.


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