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  • U.S. Debt Is Staggering, But Not Unprecedented [View article]
    "However, there is still substantial room to raise a whole lot more debt, especially when investors are more than willing to take multi-decade low yields to hold U.S. government paper"

    What happens when they suddenly decide they WON'T accept such low yields and then decline to purchase our debt? How great will it be to not only issue new debt, but roll over maturing debt at 12% rates of interest or higher? .... GULP!

    You won't ever hear the blathering heads admit this is possible on the tv. Not only is it possible, but the odds are increasing the more debt we pile on attempting to 'fix' our current problems.
    Nov 26 15:00 pm |Rating: +1 0
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