07-07-2015, 06:10 PM
(07-07-2015, 05:57 PM)JustWinBaby Wrote: 3) Otherwise, the US is basically always just issuing new debt to retire old debt. All that happens is your interest rate can change when issuing the new debt to retire the old (and that's something the administration has done to take advantage of the low rate environment).
So, the government is essentially refinancing ?
Thanks for the explanations, btw.
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