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Tell me again why the feds should stop borrowing money, 'cause I don't get it

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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 10:30 AM
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Tell me again why the feds should stop borrowing money, 'cause I don't get it
At these rates, we should borrow as much as we can and put it to work in our economy to pay for things we need like roads, bridges, airports and new schools.

NEW YORK (Reuters) - U.S. Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global economic fears sent investors scrambling to safe haven government debt.

U.S. bond buying intensified after data showed that factory activity in the Mid-Atlantic region plummeted in August while sales of U.S. existing homes unexpectedly dropped in July.

The data added to concerns that the U.S. economy will head back into recession at the same time as the country's rising debt load and record deficit leaves the government and the Federal Reserve with fewer options to stimulate the economy.

More: http://finance.yahoo.com/news/US-bond-yields-plunge-as-rb-3652621245.html?x=0&sec=topStories&pos=main&asset&ccode



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