Re:Yield of 0% a First at 3-Month Treasury-Bill Sale
by dragonwriter on Tuesday October 06, 2015 @08:04PM
(#10343302)
> Clearly, it is a bad situation.
How so?
I'm sure everyone can think of examples of government spending they don't like, but I've yet to see anyone make a credible argument -- and few people even try to make any argument -- that the US would be better either with any combination of spending cuts, revenue increases (either by taxation or sale of sovereign assets) that would eliminate rolling over debt.
Why is it that choosing to roll over debt is a "bad situation".
How so?
I'm sure everyone can think of examples of government spending they don't like, but I've yet to see anyone make a credible argument -- and few people even try to make any argument -- that the US would be better either with any combination of spending cuts, revenue increases (either by taxation or sale of sovereign assets) that would eliminate rolling over debt.
Why is it that choosing to roll over debt is a "bad situation".