Comments on: The Real Debt Limit http://www.jrganymede.com/2011/07/08/the-real-debt-limit/ We endeavor to give satisfaction Tue, 22 May 2012 23:29:15 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Leona Helmsley http://www.jrganymede.com/2011/07/08/the-real-debt-limit/comment-page-1/#comment-38079 Leona Helmsley Fri, 08 Jul 2011 22:23:53 +0000 http://www.jrganymede.com/?p=5440#comment-38079 We don't have careers. Only the little people have careers. We don’t have careers. Only the little people have careers.

]]> By: Bookslinger http://www.jrganymede.com/2011/07/08/the-real-debt-limit/comment-page-1/#comment-38074 Bookslinger Fri, 08 Jul 2011 21:03:52 +0000 http://www.jrganymede.com/?p=5440#comment-38074 They did a movie on the subject long ago, called "Rollover." http://www.imdb.com/title/tt0083006/ Even if the debt limit remains the same, you still have to "roll over" previously sold bonds as they come due, and not just pay the interest-only. At some point, if no new lenders want to be your creditors, you effectively experience a _reduction_ of debt-limit, as you pay off existing bonds, and can't sell any more. They did a movie on the subject long ago, called “Rollover.”
http://www.imdb.com/title/tt0083006/

Even if the debt limit remains the same, you still have to “roll over” previously sold bonds as they come due, and not just pay the interest-only. At some point, if no new lenders want to be your creditors, you effectively experience a _reduction_ of debt-limit, as you pay off existing bonds, and can’t sell any more.

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