Blog de Paul Giacobbi - Député de la 2ème circonscription de Haute-Corse - Conseiller à l'Assemblée de Corse

Député de la 2ème circonscription de Haute-Corse - Conseiller à l'Assemblée de Corse


   
Alexander Hamilton (1757-1804), premier secrétaire du Trésor des Etats-Unis
Alexander Hamilton (1757-1804), premier secrétaire du Trésor des Etats-Unis
A concerning article has been published today in the Wall Street Journal, you will be interested to know that :

- Annual spending by the US federal government now exceeds the 2007 level by about one trillion dollars,
-The Treasury now has a preponderance of its debt issued in very short term durations, to take advantage of low short term interest rates. It must frequently refinance this debt which, when added to the current deficit, means Treasury must raise 4 trillions dollars this year alone. So the debt burden will explode when interest rates go up.
Conclusion : “The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full face uncredit of the United States”.
Personal remark : “God bless America”!

Commentaires (2) | Rédigé par Paul Giacobbi le 18/09/2012
Paul Giacobbi - Photo officielle

Consultez le blog de Paul Giacobbi sur votre mobile !


Les dernières notes
Communiqué 20/02/2017
Pace e Salute ! 10/01/2017
Toutes les archives