Professor Elam

4 responses to “US Pays more Interest than BRK”

1. 

   Steven Beeler

   March 22, 2010

   Very fascinating, and scary! Our politicians keep talking about our mounting debt, yet neither party has shown the discipiline to practice what it preaches. What’s it going to take for the U.S. to stop spending and start paying off what it owes?

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2. 

   Laura Contreras

   March 23, 2010

   Then the U.S. should stop borrowing money then.

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3. 

   Dennis Elam

   March 23, 2010

   Congress is addicted to spending, being able to print its own fiat money at will as long as someone buys the debt at auction, I really wonder if there is anything that could be called ‘help for the underprivileged’ that would not pass.
   Addicts should stop shooting up but I don’t hold out a lot of hope for addicts or Congress.

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4. 

   LeAnna Nesbitt

   March 23, 2010

   The US since the first 3 months of the year is having to auction treasury to meet the requirements of the various conditions that Congress has authorized the amount to purchase 3 trillion dollars, which is an enormous amount for global investors to purchase due to the larger than normal amount that is the market value that investors are willing to provide funds to the us treasury department.
   It really doesn’t have anything to do with comparison to any commercial or public corporations debt structures or paper.
   It’s also a preliminary forecast that the Federal Reserve will be looking at raising the prime rate sooner than expected.
   These investors are looking at the return on their dollar over a long term period of 10-30 years outlook. It’s not uncommon for them to way their current investment in a long term purchase program.
   In situations where smaller countries with lower GDP, the AAA rating may be an issue but in the US economy there’s no reason to be concerned with any type of default program.

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