The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.'s on terms that seem too good to be true.Read the whole thing. When the crunch finally hits, that haunting voice you hear in your head will be Ron Paul saying, "I told you so."
But that happy situation, aided by ultralow interest rates, may not last much longer.
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
Kentanji Brown Jackson compares black voters to a disability to protect
Voting Right Act
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Ketanji Brown Jackson is without a doubt the dumbest Supreme Court Justice
in American history…. Of course she was the
The post Kentanji Brown Jackson co...
4 hours ago
That SNL Obama China skit will make more and more sense.
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