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| Economy |
| Trump urged to issue 100-year bonds |
| 2016-11-20 |
| [Wash Examiner] Barron's financial weekly urged President-elect Donald Trump to consider issuing US government bonds that don't mature for 100 years. Editor Randall Forsyth made the case for this new debt vehicle in the paper's Saturday edition to address both "America's heavy debt burden and its need for faster economic growth." Forsyth wrote that because of entitlements the debt would be likely to climb to $45 trillion in 20 years before any of Trump's own spending and tax cuts are factored in. "Given the incoming administration's ambitious plans, and the nation's already high debt, the president-elect might ask: What would Hamilton do?" the Barron's editor wrote. |
| Posted by:Besoeker |
| #8 The USA and all the other developed countries will sooner or later have to inflate their debts away. Sooner is better and trade tariffs on china may be just the kick start inflation needs. |
| Posted by: phil_b 2016-11-20 20:01 |
| #7 Airandee, rent the federal employees out as contract labor to septic tank cleaners, slaughter houses, and circuses to clean up after the elephants. |
| Posted by: AlanC 2016-11-20 18:27 |
| #6 100 year bonds check is in the mail it is not my kid I won't well you know in your mouth etc. etc. |
| Posted by: Goober Wittlesbach5685 2016-11-20 18:11 |
| #5 I agree with Raj. I also think this is 'projection' by the same folks who suggested in March of 2008 that “the financial sector’s strongest players (article cited Merrill Lynch, Citigroup, Bank of America, Washington Mutual, among others) probably don’t have further to sink, even with the ongoing pressure of negative news. Stocks of the industry’s strongest players could climb by 10% to 20% over the next year as panic recedes, earnings improve and price-to-earnings multiples expand.” I'm not listening to them again without an awful lot of data. |
| Posted by: Mullah Richard 2016-11-20 12:42 |
| #4 Just what the US needs - another form of long term debt! |
| Posted by: Raj 2016-11-20 12:10 |
| #3 Since Trump has; been elected every whack-a-doodle idea on every subject by every "expert" will be brought out and touted as a sure path to nirvana. Give the abilities of the MSM they will push all of them in an attempt to make Trump look foolish. |
| Posted by: AlanC 2016-11-20 08:42 |
| #2 100-year bonds sound kind of "iffy." 100-year bonds would probably outlive you. However, it might be a vehicle for passing on wealth to kids and grandkids. The article was a little light on how these would work. |
| Posted by: JohnQC 2016-11-20 08:10 |
| #1 100 year bond? Tax planning guy smiles wryly... |
| Posted by: M. Murcek 2016-11-20 07:34 |