Ut oh, you PA Ladies are gonna love this

[skate]

Federal Reserve’s efforts to keep interest rates low, the U.S. government is currently getting a very good deal on its borrowings(who dont know dat), according to the Congressional Budget Office. In 2010, it paid an average of about 0.1% interest on 3-month Treasury bills, and 3% on ten-year notes. Total net payments amounted to $197 billion, or 1.4% of annual economic output.


That’s more than what the government spent on unemployment insurance.
3.4%: The Congressional Budget Office’s estimate of interest payments on the U.S. federal debt, as a share of annual economic output, in the year 2020.

And if you are from Lomalinda Land,....3.4% bees small, petty stuff.;)

[Tom]

Puts things into perspective, skate.
Loan me a billion - I want to make a call to my congressman.

[prospector]

my annuity is still 3.5%...i remember when i'd raise hell under 6%..

[skate]

my annuity is still 3.5%...i remember when i'd raise hell under 6%..

yeh that's grazy, i remember when int rates were 4.3%, some 60 years ago, as they went higher, everyone thought we'ed never see them that low again.

[skate]

Puts things into perspective, skate.
Loan me a billion - I want to make a call to my congressman.


all you have to do is ask, Tom, money is on it's way babe. but please, dont give any to your congresswoman/man oh man.