Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

unblock's grand solution to the debt crisis:

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
unblock Donating Member (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.



Printer Friendly | Permalink |  | Top
badtoworse Donating Member (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.
Printer Friendly | Permalink |  | Top
 
unblock Donating Member (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.
Printer Friendly | Permalink |  | Top
 
badtoworse Donating Member (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.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Apr 30th 2024, 05:05 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC