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IL | Just because interest rates go up does not mean the government will pay the higher rate on all treasury debt. It will only pay a higher rate on new debt and debt that needs to be rolled over. Also the tax code could be changed to give government debt and advantage like tax free treasuries or 10% of IRA or 1041 contributions must be treasuries. Just throwing out ideas. How ever it happens the government expenses will be paid and debt payments made. It just might not be the same at the rates available to farmers.
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It IS Different this Time.
