Word: moneyitis
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...providing the funds. Thanks to the recent controversial Supreme Court campaign-finance decision on Citizens United v. Federal Election Commission, the ads also offer premonitions of what many of these same members of Congress may face in the fall, when unions and corporations will be able to spend money anonymously to advocate for candidates' election or defeat in the weeks before the polls...
...reason we can afford such large debts is that interest rates are so low. At the beginning of 2000, it cost the U.S. government more than 6.5% to borrow money. Now it costs less than 2.5%. That means we can borrow 2½ times as much today for the same cost. Also, the overall economy has expanded dramatically, and relative to the size of the economy, the debt isn't particularly high by global standards. (See pictures of the global financial crisis...
...concern, of course, is that one day rates will inevitably go up, which means interest payments will too. According to this school of thought, as our debt grows, lenders will be willing to take the risk of giving more money only if they can get more in return. And yet with the rise of China, India and Brazil, the world is awash in money looking for safe places. Even with the U.S. economy weak, the dollar remains one of the few truly safe havens, and that means interest rates could stay low for a very long time, which in turn...
...hundreds of billions of dollars on infrastructure, while America can hardly repair its bridges. The U.S. has to invest and spend to build a future, to help re-create a workforce, and for now debt is a means to that end - provided Washington shows it can effectively channel that money. (See the best business deals...
...does Crist have any hope left? Well, the money is still on his side. He has a $9 million war chest, vs. about $3 million for Rubio (though Rubio is expected to lift that figure significantly this quarter). But rather than blow...