Re:The US Budget Explained As a Family’s Household Budget
by rdl on Monday October 17, 2011 @04:01AM
(#3119604)
The average maturity of US debt is 5+ years. And, can be rolled over -- at worst, rolled over at historically prevailing interest rates.
Off balance sheet liabilities are more of a concern than the official debt. The declining ability of the US to repay debt is a major concern (due to declining competitiveness). The actual level of official debt right now isn't itself a huge concern.
Off balance sheet liabilities are more of a concern than the official debt. The declining ability of the US to repay debt is a major concern (due to declining competitiveness). The actual level of official debt right now isn't itself a huge concern.