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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (109178)	7/29/2011 11:38:58 PM
From: TimF	1 Recommendation Respond to of 224759

There is a lot at that link, what specifically are you referring to. One part that doesn't make a lot of sense is adding up the treasuries coming due. They can be rolled over debt limit increase or not, as long as the total outstanding debt doesn't go up. The interest on the debt is an expense that increases the debt load, so interest payments apply towards the debt limit, but not principle payments. Borrowing to pay back principle leaves you with the same amount of debt, it doesn't increase the debt outstanding so you don't need to expand the debt limit to do it.