Replies to post #68075 on Politics and Money

[properlynumb]

I'm sure you're not scared easily, everyone says that and then offers a seat and a glass of bourbon.

Our Government is borrowing at a fantastically low rate and it's been a help.

The 30 year Treasury is 2.97% (December 21, 2012)

Inflation hit hard in the late 70's.
In February 12, 1982 the payout was 14.68%! (High)

In February 23, 2001 (Bush was inaugurated) 30 year payed 5.49%

In 2011 We the People of the United States of America payed $454,393,280,417.03 in interest.
http://treasurydirect.gov/govt/reports/ir/ir_expense.htm

If Treasury yield doubled, the Interest payment wouldn't exactly double but we continue to assume more debt and, in time, payments would/could double and triple.

I believe we (America) should borrow even more!
At least, we need a cushion of cash and lock in 30 year rates at these bargains!