Daysman, you haven't a clue about economics.

We have been in debt for a very long time, and will be. You don't pay off debts immediately. Otherwise, you wouldn't be able to take out money!

Bonds and the rest are in it to gain money. Yes, 10 year, 20 year, and 30 years. I own bonds. If I wasn't guarenteed a large increase from interest, then I wouldn't have taken them out.

And yes, bonds are extremely important.

Get a clue, you dumbass.