Quote from Ricter:
When your creditors begin to lose faith in your ability to pay. Which is different from their faith in your willingness to pay (in case you want to bring up the debt ceiling).
"I live in Washington, DC, and thus have little choice but to associate with many of the vilest liberals you can imagine. You just have to learn to compartmentalize. Don't get into political discussions with them. It is pointless. Fly under their radar."Quote from Tsing Tao:
Everything you say makes sense, but I cannot get myself to forgive them for their ignorance.

Quote from Ricter:
Every politician probably has to say that, since the public thinks of economics in the same way they think of household finance. I imagine the debt the US government has held since he last time (the only time) it owed nothing has always looked huge, unpayable even, in terms of current income. That's where the debt to GDP ratio is a helpful metric. It does not excuse the debt, but it does put it in perspective.
Edit: and I agree to disagree as well. : )
Would you be happier if instead of discussing temporary government spending to prop up lagging demand I discussed cutting taxes on the middle class [to prop up lagging demand]?Quote from Tsing Tao:
I agree with you on the debt ceiling not being a concern (outside of the aspect that it is yet more evidence of a government not focused on fiscal responsibility). But, being the Keynesian you are, you will likely remove the aspect of being paid in a devaluing currency.
Quote from RCG Trader:
Obama simply told them the truth, which was under girded by a variety of members of the GOP.
Tsing, why don't you just admit that when this became a social fight, the GOP was fukked?
I told you this last summer.
No, you don't.Quote from RCG Trader:
Yes, I get it...
What to do the GOP a favor? Leave.
Quote from RCG Trader:
...I do not plan to be posting here by the end of the year, at which time I will be making X dollars per trade....
Quote from Ricter:
Would you be happier if instead of discussing temporary government spending to prop up lagging demand I discussed cutting taxes on the middle class?