unblock
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jul-22-11 12:14 PM
Original message |
unblock's grand solution to the debt crisis: |
|
Edited on Fri Jul-22-11 12:15 PM by unblock
STFU and solve a real problem.
bond market yields remain near historical lows. this is *NOT* a serious problem; at least, it's certainly not a serious problem yet. if investors though for one minute that there was any chance that 10-year or longer treasuries wouldn't pay in full, they'd demand far more -- *FAR* more interest than they are actually demanding today. why aren't they? because they know that the debt is NOT a serious problem. it's a manufatured, phony crisis ginned up to advance a right-wing agenda.
you know what's a real problem, right now? 10%(-ish) official unemployment. that's a serious problem today. has been for quite some time now.
and if you still can't get the debt "crisis" off your mind, consider this: 10% unemployment is making the debt situation worse. it means lower tax revenues and it means higher expenditures, ergo more debt. solve the unemployment problem and you're also going a long way toward reducing the debt.
|
badtoworse
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jul-22-11 12:27 PM
Response to Original message |
1. So do we raise the debt limit or not? |
|
If you believe it should be raised, how do we get it done? Your post is simplistic at best.
|
unblock
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jul-22-11 01:13 PM
Response to Reply #1 |
2. stuck in the weeds, you are. |
|
Edited on Fri Jul-22-11 01:14 PM by unblock
my saying it's a phony crisis was not meant as a plan of action to solve the phony crisis.
it's an indictment of the republicans and the media for pushing it and everyone else for going along with the b.s.
yes, we raise the debt ceiling and take care of other completely routine matters while FOCUSING ON THE REAL PROBLEMS.
|
badtoworse
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jul-22-11 02:53 PM
Response to Reply #2 |
3. Wow!! I never realized it was that easy. You should be the one dealing with Boner. |
DU
AdBot (1000+ posts) |
Tue Apr 30th 2024, 05:05 PM
Response to Original message |