Do coupon payments on treasury bonds have to be approved by the gov't every year as discretionary spending?

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Do coupon payments on treasury bonds have to be approved by the gov't every year as discretionary spending?

2006-10-31 08:12:03 · 1 answers · asked by barrowohwheel 1 in Business & Finance ➔ Other - Business & Finance

1 answers

No.

It would be great if they did because then we could all decide whether or not to approve our mortgage payments every year.

"Dear BigBank, We can't pay you this year. Maybe next. We'll let you know. This is a nice house that you bought for us by the way. Sincerely, Mr & Mrs Cash-Strapped"

2006-10-31 08:17:09 · answer #1 · answered by skip 6 · 0⤊ 0⤋