And it is the NEW YORK TIMES admitting that this NEW DEBT being incurred by the OBAMA ADMINISTRATION adnits that "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. ..... In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan." [NEW YORK TIMES]
No comments:
Post a Comment