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Reply #119: While I have not seen any signs that the administration is backpedalling [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-23-10 08:40 AM
Response to Reply #9
119. While I have not seen any signs that the administration is backpedalling
I can think of one reason why: this reform will drive interest rates up. Maybe they really do need to go up, but if that happens, the service on the federal debt is going to dwarf even the military budget, if we see rates like we saw 30 years ago.
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