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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (117096)11/27/2008 2:14:39 AM
From: S. maltophilia  Read Replies (1) | Respond to of 132070
 
<<on monday and tuesday of this week, we spent or obligated ourselves to 35% of what it took to win WWII.>>
That chunk of change is apparently not yet reflected in the totals:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
11/10/2008 6,358,690,409,750.62 4,263,532,788,931.92 10,622,223,198,682.54
11/12/2008 6,358,806,971,888.52 4,259,701,660,695.98 10,618,508,632,584.50
11/13/2008 6,320,976,663,656.70 4,257,662,488,034.43 10,578,639,151,691.13
11/14/2008 6,360,691,569,969.19 4,257,115,014,666.08 10,617,806,584,635.27
11/17/2008 6,359,522,811,655.01 4,258,943,282,402.05 10,618,466,094,057.06
11/18/2008 6,394,550,218,145.18 4,265,867,636,327.11 10,660,417,854,472.29
11/19/2008 6,394,116,589,427.96 4,258,206,933,800.02 10,652,323,523,227.98
11/20/2008 6,393,926,893,617.82 4,261,530,336,304.52 10,655,457,229,922.34
11/21/2008 6,393,775,797,295.81 4,261,692,851,682.26 10,655,468,648,978.07
11/24/2008 6,393,688,876,791.61 4,260,570,553,938.56 10,654,259,430,730.17
11/25/2008 6,395,157,193,349.84 4,263,199,084,504.05 10,658,356,277,853.89
treasurydirect.gov

Somebody explain to me one more time why the 10 year yield is 3%, and ~3.6% for 30 years.



To: Skeeter Bug who wrote (117096)11/27/2008 4:53:32 PM
From: GuinnessGuy  Read Replies (1) | Respond to of 132070
 
Skeets,

you wrote-
"the credit bubble started by greenspan under clinton and accelerate by the bushevics may well destroy our nation."

Kinda tough to pinpoint where something like this debt bubble started...you need to define some sort of threshold first. But after reading this Soros article, he makes a good point that the the first real discontinuity in debt buildup occurred under Reagan.

nybooks.com

And here's a nice graph of percentage of debt vs GDP from Truman to the present:

zfacts.com

Reagan came to power claiming the trillion-dollar national debt was the country's central problem. He then proceeded to double it. So it's double-think all over again. I'll have to read 1984 once more, then again, maybe not. After all, I seem to be living it these days. <ng>

craig