Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline JMT

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Re: Government Day-to-Day
« Reply #135 on: February 04, 2020, 10:02:07 pm »
Debt servicing costs are a function of interest rates. Are you going to guarantee they won't go up in your children's and grand children's lifetimes?

In 1979 I took out a mortgage at 9%. Five years later I had to renew at 18% and a month later they went to 20%.

I can guarantee that as long as the economy is growing faster than the debt, the debt will get easier to handle.
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