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stevenstevensteven
03-20-06, 01:49 PM
Another "Emergency" Spending Bill

http://www.house.gov/paul/tst/tst2006/tst032006.htm (click link to read entire article)

The real emergency is in Washington, where Congress is spending and borrowing America into a perfect storm. As economist James Turk explains, the federal government now relies upon debt to finance 20% of its spending. Low interest rates during the 1990s and early 2000s kept interest payments on government debts- Treasury Bonds and Treasury Bills- somewhat manageable. During the same period, however, the Federal Reserve greatly increased the money supply, which has caught up to us in the form of price inflation. The Fed now must raise rates to combat this inflation, but higher interest rates will chill economic growth and slow tax revenue. To quote Mr. Turk, "The federal government faces a potentially toxic mix of constrained revenues, soaring expenditures, ballooning debt, and rising interest rates."

blazespinnaker
03-21-06, 12:14 AM
Yes, I conclude exactly the same thing.. buy why are the bond yields so low!?!?

Are the Chinese buying them all up or something?

JC Ernharth
03-21-06, 05:52 PM
Yes, I conclude exactly the same thing.. buy why are the bond yields so low!?!?

Are the Chinese buying them all up or something?



Short answer: Yes.

TREASURY DEBT AS OF 12/31/05, VS. THE
SAME COUNTRIES' HOLDINGS AS OF 09/30/05
(in $ billions)

12/31 09/30
Country 2005 2005 Change
------------------------------------------------
( 1) Japan 685.0 687.3 -2.3
( 2) Mainland China 256.7 252.2 4.5
( 3) United Kingdom 234.4 183.1 51.3

Stay Vigilant!

blazespinnaker
03-21-06, 07:56 PM
Do you have a link to that data, JC?

JC Ernharth
03-21-06, 10:12 PM
it was here...

http://www.ustreas.gov/tic/mfh.txt

for soem reason ustreas is offline...

Stay Vigilant!

stevenstevensteven
03-26-06, 11:13 PM
The Perils of Economic Ignorance

http://www.house.gov/paul/tst/tst2006/tst032706.htm

I believe one of the greatest threats facing this nation is the willful economic ignorance of the political class. Many of our elected officials at every level have no understanding of economics whatsoever, yet they wield tremendous power over our economy through taxes, regulations, and countless other costs associated with government. They spend your money with little or no thought given to the economic consequences of their actions. It is indeed a tribute to the American entrepreneurial spirit that we have enjoyed such prosperity over the decades; clearly it is in spite of government policies rather than because of them.