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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (622293)	7/31/2011 5:18:43 PM
From: i-node	4 Recommendations Read Replies (1) \| Respond to of 1578510

>> You're just wrong. But what else is new? No, you are. But what else is new? More importantly, this is not a difficult concept to understand. Why are you having trouble with it?

To: bentway who wrote (622293)	7/31/2011 5:22:25 PM
From: Brumar89	1 Recommendation Respond to of 1578510

" Treasury can roll over maturing issues so long as the overall stock of outstanding debt doesn’t rise. (A caveat: Treasury must invest surplus Social Security and Medicare taxes by issuing non-marketable debt to the plans’ trust funds, which erodes the remaining capacity for marketable debt.) As for interest, even in today’s straightened circumstances, revenue is more than enough to cover interest charges. The helpful table below from Lou Crandall of Wrightson ICAP shows that in every month this year, projected cash receipts comfortably exceed interest payments; the narrowest margin comes in November, when receipts exceed interest by $131 billion." ..... "What this clearly means is that Treasury can easily remain current on existing debt, provided it is willing to suspend some non-interest outlays." economist.com See. You are wrong as usual.