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re: Can someone make a case for 0% interest rate?

Posted on 9/12/19 at 2:53 pm to
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 9/12/19 at 2:53 pm to
No he was using it in reference to paying the interest in the federal debt. And yes that’s the chief argument against what Trump is advocating for, but no one has attempted this so no one knows exactly for sure what is possible. In Trump I trust.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 9/12/19 at 2:54 pm to
quote:

No he was using it in reference to paying the interest in the federal debt


That is a fixed cost that cannot be changed.
Posted by LSURussian
Member since Feb 2005
127179 posts
Posted on 9/12/19 at 3:00 pm to
quote:

No he was using it in reference to paying the interest in (sic) the federal debt.
No, he wasn't. Now we know you can't comprehend written English when financial terms are being used.

As the other poster said, interest rates on U.S. debt are fixed for the life of the bond. And U.S. debt securities are non-callable. (Look it up...I know you don't know what that means.)

Other than you displaying your complete ignorance, this discussion is a waste of time. I feel like I'm arguing with a three year old.
This post was edited on 9/12/19 at 3:01 pm
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