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Old 04-24-2011, 04:37 PM
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Mary Pat Campbell
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,206
Blog Entries: 6

From Kevin D. Williamson, the four national debts: ranging from the short-term to the long-term. As Williamson notes, it's those medium-term notes where the action is, and those turn over in the 1- to 10-year range, and as interest rates rise in the medium term, that's really going to hit. And can hit hard. Because some of the holders of said notes aren't too happy about the situation.

Governmental accounting -- the kind of tricks the federal government is up to would put private entities in the slammer, according to Deroy Murdock.

More on federal debt from William H. Gross at PIMCO.

Want to feel better (relatively)? Take a look at how Greece is doing.

And plunging you back into despair: a history of the U.S. debt ceiling.

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