Interest rates

[torch]

They are at lowest rates since FDIC took over after depression. Have you ever wondered why? If interest rates hit a double digit our government would have to declare bankruptcy in 24 months. This debt crisis has to be dealt with and before I am asked to contribute more of my hard earned money I want major restrictions placed on Government spending.

[DonDon]

Amen brotha.

[Billbob]

you got my vote

[Wannabe...]

They are at lowest rates since FDIC took over after depression. Have you ever wondered why? If interest rates hit a double digit our government would have to declare bankruptcy in 24 months. This debt crisis has to be dealt with and before I am asked to contribute more of my hard earned money I want major restrictions placed on Government spending.

Big talk for a dang gubment employee. Pfffft.

Wannabe...

[bfish]

.... If interest rates hit a double digit our government would have to declare bankruptcy in 24 months. ....

Explain please.

Psst:
Federal Government Debt and Interest Rates

[torch]

That is national debt as a percentage of GDP. And in 2008 and on it has been over 100% of GDP. So your article suggest that intrest rates should be at 100% right now. When you are printing the money and manipulating the system anything can happen. Do you think any of the guys on the "Grassy Noles" in Dallas are still alive today. "When your Government is large enough to give you everything you want its big enough to take it all away." Politicians and the Media speak only the truth they just don't tell the whole story. Our news media is worse than Al Jezzera at spreading propaganda. just my 02

[torch]

Big talk for a dang gubment employee. Pfffft.

Wannabe...

Hey I am a civilian contractor.

[bfish]

...So your article suggest that intrest rates should be at 100% right now. ...

hmm, I don't think so. If I am reading this correctly :

Taken together, the bulk of our empirical results suggest that an increase in federal government debt equivalent to one percent of GDP, all else equal, would be expected to increase the long-term real rate of interest by about three basis points...

Then for every increase in debt of $150,940,000,000 (ie 1% of GDP (2011=15.094 trillion)) then the interest rate should increase by 3/100 of 1%.

Of course then there is this part:

...some estimates are not statistically significantly different from zero...