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

To: DuckTapeSunroof who wrote (36026)	7/24/2009 6:51:09 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Since long-term interest rates can, (& frequently do!), shift around violently, making unpredictable the 'carrying costs' of long-term debt... I assume that what you must mean when you talk about the importance of 'how affordable a level of debt is' is what percent of real GNP it represents. As I explained in my post I mean both things. The direct cost would be far more important if it wasn't so highly variable, but since it is I'd put more emphasis on the percent of GDP represented by the debt.