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Richard640 @ 8:54 on September 8, 2018

Posted by Ororeef @ 10:54 on September 8, 2018  

yes you are exactly right because of the Math …when interest rates go up from 1 to 2 % you double the interest payments needed.When Bill CLinton and his Treasury sec FINANCED all the US debt from LONG TERM to SHORT TERM HE created a MONSTER ….instead of having 5 % of your debt come due in a YEAR ,NOW 100 % of the debt comes due in 3 months..YEAA  !!!for Bill Clinton he balanced the budget …Are the DEMS still cheering ?

This is the trickery theDemocrats use to get elected….and then when he’s long gone YOU PAY  !

Clinton created this MONSTER..When interest rates come down from 10 % to 9% its only effects 10 % of whats due,but when rates go from1 to 2 %  it effects 100 % of whats due  yet both are only a 1 % difference  …..Going down is easy ..going up is HELL to pay….and thats something the FED needs to keep in mind  !   THEY DONT SEEM TO UNDERSTAND THAT !  and they are “ECONOMISTS” ,,,,really !…they must have gone to Harvard where only words matter instead of NUMBERS ,maybe they should have gone to Wharton instead…

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.