US Treasuries' Real Yield Gone Negative

[Schneibster]

Yep, that's right- investors are so desperate for something that won't lose value that they're willing to pay the US to borrow money from them. You read that right. We borrow, and they pay for the privilege of loaning money to us. No, it's not a scam, and no, I'm not kidding: http://www.treasury.gov/resource-center ... =realyield

We could borrow all the money we need to boost demand and fix our infrastructure for the lowest interest rates ever, right now. We could refinance the national debt at lower interest rates and save money for the next twenty-some-odd years.

So why aren't we doing that?

Unfortunately, the Republican Teagagger Party in charge of the House and therefore the budget.

'Nuff said.

[Warren Dew]

We aren't doing it because Obama refuses to cut taxes.

I bet eliminating income taxes for six months would be quite a big boost to the economy, unlike similarly expensive Obama "stimulus" plans that didn't work.

[Schneibster]

"Obama won't cut taxes" is an outright lie; tax cuts have been offered again and again and refused by Republican Teagagger Party politicians again and again. It's in the newspapers, Warren. All of them.

Also, if taxes are cut and we borrow money, how will we pay it back?

Duh.

We already did that. That's the Bush Tax Cuts and the Iraq war funded with supplemental appropriations for eight years.

Don't just lie, Warren. There's no point. No one's believing it any more. That's why OWS is happening.

[Warren Dew]

Also, if taxes are cut and we borrow money, how will we pay it back?

Same way we'd pay back your make work "infrastructure" spending.

But hey, I get it. Republican deficits need to be paid for, while Dimocrats are too stupid to think of things like paying stuff back.

[Schneibster]

Also, if taxes are cut and we borrow money, how will we pay it back?

Same way we'd pay back your make work "infrastructure" spending.

a) It's not makework, it's keeping up with China. b)Ummm, "same way" is by raising taxes.

But hey, I get it. Republican deficits need to be paid for, while Dimocrats are too stupid to think of things like paying stuff back.