http://washingtonindependent.com/11444/us-budget-woes-trump-financial-crisis National News in Context Fri, 27 Nov 2009 20:35:33 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://washingtonindependent.com/11444/us-budget-woes-trump-financial-crisis/comment-page-1#comment-36415 gak Thu, 16 Oct 2008 08:24:41 +0000 http://washingtonindependent.com/?p=11444#comment-36415 Unfunded gov't liabilities are the large elephant in the corner that no elected official (except the Republican Study Committee) wants to discuss. But whether we discuss it or not, there will come a day (probably before 2020) where the Treas dept has a T-Bill auction and no one buys it. Regardless of the interest rate. Why? Because if current trends continue, we will have an auction to pay interest on TBills sold from a previous auction. And when that day comes, all hell will break loose economically. Unfunded gov't liabilities are the large elephant in the corner that no elected official (except the Republican Study Committee) wants to discuss. But whether we discuss it or not, there will come a day (probably before 2020) where the Treas dept has a T-Bill auction and no one buys it. Regardless of the interest rate. Why? Because if current trends continue, we will have an auction to pay interest on TBills sold from a previous auction. And when that day comes, all hell will break loose economically.

]]> http://washingtonindependent.com/11444/us-budget-woes-trump-financial-crisis/comment-page-1#comment-9122 gak Thu, 16 Oct 2008 01:24:41 +0000 http://washingtonindependent.com/?p=11444#comment-9122 Unfunded gov't liabilities are the large elephant in the corner that no elected official (except the Republican Study Committee) wants to discuss. But whether we discuss it or not, there will come a day (probably before 2020) where the Treas dept has a T-Bill auction and no one buys it. Regardless of the interest rate. Why? Because if current trends continue, we will have an auction to pay interest on TBills sold from a previous auction. And when that day comes, all hell will break loose economically. Unfunded gov't liabilities are the large elephant in the corner that no elected official (except the Republican Study Committee) wants to discuss. But whether we discuss it or not, there will come a day (probably before 2020) where the Treas dept has a T-Bill auction and no one buys it. Regardless of the interest rate. Why? Because if current trends continue, we will have an auction to pay interest on TBills sold from a previous auction. And when that day comes, all hell will break loose economically.

]]> http://washingtonindependent.com/11444/us-budget-woes-trump-financial-crisis/comment-page-1#comment-8678 bucknill Fri, 10 Oct 2008 22:56:16 +0000 http://washingtonindependent.com/?p=11444#comment-8678 I have always thought David M. Walker the smartest guy in the room can you invoke some of your magic get him on Charlie Rose I have contacted Mr.Rose to no avail thank$ I have always thought David M. Walker the smartest guy in the room can you invoke some of your magic get him on Charlie Rose I have contacted Mr.Rose to no avail thank$

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