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View Poll Results: How do you rate this public debt/GDP ratio
We' re cooked, book passage to Mars 24 30.38%
Meaningless, anyway Firecalc went through the great depression, what could be worse? 3 3.80%
I think it matters, but we will find a way to deal with whatever difficulties that may come along 44 55.70%
Too complex; no opinion 8 10.13%
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Old 02-12-2013, 07:15 PM   #41
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Originally Posted by M Paquette View Post
Yeah. The debt markets are running scared, with the effective interest rates for US debt skyrocketing on the perceived new riskiness of the debt.

Daily Treasury Yield Curve Rates

(We don't need immediate austerity. We need a concrete plan of action that shows how the US will address it's debt in the future. Good luck getting that...)
Aw, you're just raining on the reign because they won't rein in spending.

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Old 02-12-2013, 07:28 PM   #42
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Wow, would you lend money out to 30 years for 3.2%? Not this guy!

I remember that bankers used to trip over each other to lend money to anybody for "no doc" mortgages, even to illegal immigrants in California!

And I bet Greece did not have to pay much for its bond before the current fiasco.

Crazy things have a way of going on for a long time, until something finally happens. I do not wish for bad things to happen to Uncle Sam, hey he's my uncle too, but I am just sayin'...

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