The Austrian Solution: Austria Issues 100 Year Sovereign Bond

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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Sadly, Congress has absolutely no controls on the willing to spend money and promise entitlements to borrowers. Spending is a runaway trend in Washington DC.

1-Federal-Spending-and-Revenues-Fiscal-Doomsday

Much of this spending is entitlement spending, such as Medicaid and Medicare.

3-Federal-Spending-on-Health-Care

The explosion of Federal spending and entitlements will eventually recover an Austrian solution: 100 year debt. Until recently, Austria already led nations with the longest sovereign debt maturity of 70 years. Most other countries are at 50, 40 and 30 year maturities.

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Does America issue 100 year Treasury bonds? No, how about 120 year bonds?

Runaway-train

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