Quote Originally Posted by maladroit
that paper is made up of US treasury notes which are guaranteed by the US government and must be repaid PLUS interest...last year, the interest expense on the national debt was $451 billion and next year, it will be over $500 billion


"My plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire."
â?? President George Bush, radio address, Feb. 24, 2001
Oh i see, its the TIPS market that brought about the economic crisis:wtf:

Once again, Maladroit is wrong; who would have guessed? I have a question for you. What has happened to LIBOR since September? Once you find out, point your finger in that direction and not know why...:jointsmile: