Comments on: links for 2007-05-11 http://www.getrichslowly.org/blog/2007/05/11/links-for-2007-05-11/ Personal finance that makes cents. Common sense advice on topics from high interest savings accounts, frugality, cd rates, money market accounts, mortgage rates, how to get out of debt, money management and more. Fri, 19 Mar 2010 19:42:58 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Angie http://www.getrichslowly.org/blog/2007/05/11/links-for-2007-05-11/#comment-86020 Angie Sat, 12 May 2007 05:04:11 +0000 http://www.getrichslowly.org/blog/2007/05/11/links-for-2007-05-11/#comment-86020 Sure you do. If you make money on treasury bonds, either by holding them directly or as part of a bond fund or mixed stock/bond fund, some of that interest money is going to you. Remember during the Clinton administration there was a budget surplus? Some of that money was used to pay down debt--and some forms of bonds stopped being issued. As soon as Bush got back into office and credit-card Republican fiscal policy blew the surplus, bang, those bonds were back again. Good news for big investors; crappy news for Joe Sixpack, who has to pay back the interest. There's a reason why the ultrarich don't want Democrats in office....that makes it harder for them to feed at the public trough. Sure you do. If you make money on treasury bonds, either by holding them directly or as part of a bond fund or mixed stock/bond fund, some of that interest money is going to you.

Remember during the Clinton administration there was a budget surplus? Some of that money was used to pay down debt–and some forms of bonds stopped being issued. As soon as Bush got back into office and credit-card Republican fiscal policy blew the surplus, bang, those bonds were back again. Good news for big investors; crappy news for Joe Sixpack, who has to pay back the interest.

There’s a reason why the ultrarich don’t want Democrats in office….that makes it harder for them to feed at the public trough.

]]> By: ispf http://www.getrichslowly.org/blog/2007/05/11/links-for-2007-05-11/#comment-85921 ispf Fri, 11 May 2007 12:48:21 +0000 http://www.getrichslowly.org/blog/2007/05/11/links-for-2007-05-11/#comment-85921 Thanks for the mention, J.D. Yes, the proportion spent on the <i>interest</i> on debt bothers me too! I don't even want to know what the interest rate must be like!!! Thanks for the mention, J.D. Yes, the proportion spent on the interest on debt bothers me too! I don’t even want to know what the interest rate must be like!!!

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