No. of Recommendations: 0
telegraph wrote: Now imagine 15% interest rates on treasury notes with 20 trillion in debt? That's 3 trillion a year in interest...when the gov't take in...what, 2.7 trillion a year!......

Treasury Notes mature in two to ten years, so how would current holdings bear debt load of 15% interest? The interest rate can't unilaterally change. Today's Treasury Notes yield about 2% but I can't find data re how much of U. S. debt is comprised of Treasury Notes.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.