The Austrian Solution: Austria Issues 100 Year Sovereign Bond

by Anthony B Sanders

Sadly, Congress has absolutely no controls on the willingness 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

Article Continues Below

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.

ycaustria

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

Runaway-train

484 views

Follow IWB on Facebook and Twitter