The following is an excerpt of an exclusive article I wrote for Seeking Alpha. Please click here to read the full content (free).
National Debt = Great Recession 2.0
Treasury Secretary Timothy Geithner has warned that the U.S. government may hit the $14.3 trillion debt ceiling by March 31 and said that ?Failure to raise the limit would precipitate a default by the United States,? in his Jan. 6 letter to congressional leaders.
The debt by itself, although at an alarming level, is not that bad as long as there?s strong growth and revenue stream to pay off creditors, and if the U.S. could continue financing at a reasonable interest rate. So, the real risk could be coming from the interest payment associated with the debt as it rises and falls with the bond market sentiment....Continue Reading on Seeking Alpha (Free).
Dian L. Chu, Jan. 22, 2011 | Read Me on Kindle | Facebook Page | New Article Alert | Google Profile
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Full story at http://feedproxy.google.com/~r/businessinsider/~3/5oukHeZevRc/rising-national-debt--the-great-recession-20-2011-1
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