U.S. Debt Infomercial (Ratigan & Spitzer Clip)

Excellent discussion of the growing cost of funding our national debt (Treasury yields spiking this year), and the complicated task of selling that debt overseas, specifically to China.  Spitzer says the solution is rebuilding the U.S. domestic manufacturing economy, not to reinflate the debt bubble.  The Bush-Obama administration has elected the hazardous and imbecilic re-inflation option.  A Ship of Fools.

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Comments

[mark mchugh]

I don't understand why Dylan says we are paying 5.11% now.

Anyone?

[DailyBail]

@Marc

I had the same thought. He didn't say where are the numbers came from. However, he's generally extremely careful with his facts, and so I would assume that his numbers are correct. Obviously, funding costs have increased this year as treasury yields have risen.

But then you already knew that.

[DailyBail]

For what it's worth, I have begun using speech recognition software in order to make my comments. So if you notice an occasional mistake, now you understand why.

[Morton]

It wouldn't be a reflection of how crappy the debt is, would it?
Or the amount of borrowing and the risk entailed for the lenders?

Seriously
What IS the dollar worth these days?

[Assassin]

@ DailyBail:

Carpal tunnel syndrome, or lazy-bastardism? ;)

[spideydouble]

@DailyBail

"For what it's worth, I have begun using speech recognition software in order to make my comments. So if you notice an occasional mistake, now you understand why."

LOL. Has it really come to that? I make more than occasional spelling and syntax mistakes and I don't even have the software excuse to fall back on. Sleep. That's the excuse I am going to go with. :p

[DailyBail]

@assassin

Definitely lazy-bastardism.

@spidey

Trying to improve my productivity. It's still a work in progress. Having five or six graduate interns from IU wouldn't hurt either. That's the next goal.