This and That

Whatever this and that is for the day

Friday, July 29, 2011

 

Debt problem

I am not an economist but to pay the current monthly obligations or any monthly obligation when credit is available I can see one option.

With debt due in full plus interest and the monthly revenue the gov't takes in they need to cut expenses to cover the interest. Pay the full obligation plus interest with expense cutting to cover interest. Immediately sell new debt bonds or notes to cover the principle paid prior.

With the Gov't bailing out these financial institutions they could help in this matter.

Pay off, sell new bonds or notes, Debt limit not increased.

It will need to be a timely maneuver on the paying and reborrowing. Better make sure they have buyers for new bonds or notes.

Now they will need to get their budget in order on cutting here and there to operate with only revenue taken in and to pay down the principle.

They are not going to like cutting here and there. When in debt you work your way out of it.

I seen a headline this am where bondholders are going to be priority. Pay the bonds and reborrow.


Comments:
Good common sense, but you can't destroy a government or it's currency by using common sense. seems like they are puposely trying to de-value the dollar.
You are right sully
I seen a headline on drudge where tea partiers may be shaking up the establishment in DC.
They say Pres Clinton ended up balancing the budget. This administration can do the same.
they want us all to suffer,sacrifice,cut back,while the wealthy go on with their lives like nothing has happened and are happy,enjoying their yachts,airplanes,and fancy cars!
I am quite sure many of the rich and wealthy started with a lot less than what they have now. A lot less.
America, the land of opportunity. At least it use to be.
You can't blame the wealthy for the abuses of the people who have been elected to do what right, and they are not doing whats right. I am not going to spend my time being jealous of someone who has more, because their are people who have life a whole lot worse.
Diverting the problems of big government mis-mangement and blaming the wealthy is getting old and tiresome, they continue to shift the blame ,only American aren't as stupid as they like to think.
The only people who want us to sacrifice are the people most eager to rob us blind.
Absolutely Sully,
That's exactly what this Government is doing..!

Post a Comment

<< Home

Archives

March 2019   February 2019   January 2019   December 2018   November 2018   October 2018   September 2018   August 2018   July 2018   June 2018   May 2018   April 2018   March 2018   February 2018   January 2018   December 2017   November 2017   October 2017   September 2017   August 2017   July 2017   June 2017   May 2017   April 2017   March 2017   February 2017   January 2017   December 2016   November 2016   October 2016   September 2016   August 2016   July 2016   April 2016   February 2016   January 2016   December 2015   November 2015   October 2015   July 2015   June 2015   May 2015   March 2015   January 2015   December 2014   November 2014   October 2014   September 2014   August 2014   July 2014   June 2014   May 2014   April 2014   March 2014   February 2014   January 2014   December 2013   November 2013   October 2013   September 2013   August 2013   July 2013   June 2013   May 2013   April 2013   March 2013   February 2013   January 2013   December 2012   November 2012   October 2012   September 2012   August 2012   July 2012   June 2012   May 2012   April 2012   March 2012   February 2012   January 2012   December 2011   November 2011   October 2011   September 2011   August 2011   July 2011   June 2011   May 2011   April 2011   March 2011   February 2011   January 2011   December 2010   November 2010   October 2010   September 2010   August 2010   July 2010   June 2010   May 2010   April 2010   March 2010   February 2010   January 2010   December 2009   November 2009   October 2009   September 2009   August 2009   July 2009   June 2009   May 2009   April 2009   March 2009   January 2009   December 2008   November 2008   October 2008   September 2008   August 2008   July 2008   June 2008   May 2008   April 2008   March 2008   February 2008   January 2008   December 2007   November 2007   October 2007   September 2007   July 2007   June 2007   May 2007   April 2007   March 2007   February 2007   January 2007   December 2006   November 2006   October 2006   September 2006   August 2006   July 2006   June 2006   May 2006   April 2006   March 2006   February 2006   January 2006   December 2005   November 2005   October 2005   September 2005   August 2005   July 2005   June 2005   May 2005   April 2005   March 2005   February 2005   January 2005   December 2004   November 2004   October 2004   September 2004   August 2004   July 2004   June 2004   May 2004  

Powered by Lottery PostSyndicated RSS FeedSubscribe