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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (96900)	7/14/2011 5:01:19 PM
From: Jim McMannis	Respond to of 149317

I agree, don't want the government to default.

To: Road Walker who wrote (96900)	7/15/2011 11:22:07 AM
From: ChinuSFO	Read Replies (2) \| Respond to of 149317

The U.S. Is Not Drowning In Debt By Zachary Karabell excerpt... What neither side seems to recognize — or at least acknowledge — is that what matters about the debt isn’t the dollar amount per se, but how much it costs us to service it. And by that measure, the debt isn’t nearly as big a problem as it’s being made out to be. Yes, the federal debt has grown by nearly $3 trillion dollars in the past three years. And yes, the dollar amount of that debt is quite large (in excess of $14 trillion and headed toward $15 trillion should the ceiling be raised). But large numbers are not the problem. The U.S. has a large economy (slightly larger than that debt number). And, crucially, we have very low interest rates. Read more: moneyland.time.com