Loading ...when they took our long term debt and refinanced it all short term to give the appearance of a Balanced budget. because short term rates were lower. What they didnt tell you was all your debt is now short term and comes DUE TOMORROW ,not 30 years from now ! They
gave away the inflation benefit of LONG term debt payback .He was hailed as a genius for balancing the budget. FUCKER !
NOW any rise in rates is immediately a cost to the economy ! like TOMORROW..! Thanks BILL and RUBIN,you fuck !