“I’ve Got Your Downgrade Right Here!”

Porter Stansberry notes today, “…… 61% of all the marketable Treasury debt held by the public will mature within four years . Thus, over the next four years, the U.S. Treasury must either repay or refinance more than $1 trillion in existing debt each year – not to mention additional deficit spending of at least $1.5 trillion. For us to avoid a default, the U.S. Treasury may have to borrow or refinance as much as $10 trillion in the next four years. That would double the amount of U.S. Treasury bonds currently trading in the world’s markets.”

This fight in Washington D.C. should not about the debt ceiling, but the amount of debt we are running up! My war cry to both parties is, “You Get No More!”

One Response to ““I’ve Got Your Downgrade Right Here!””

  1. bookmarked!!, I like your website!

Discussion Area - Leave a Comment




Copyright © 2007 Mover Mike. Design by Anthony Baggett.