hey no problem. bernanke found a way around the fool problem. sell the bonds to yourself.
Geithner Urges Congress To Raise US Debt Limit!!!!6th time in less than 4 years!!!!!!
- Thread starter S2007S
- Start date
Henry David Thoreau?...
"... In 1848, Thoreau gave lectures at the Concord Lyceum entitled "The Rights and Duties of the Individual in relation to Government."[1] This formed the basis for his essay, which was first published under the title Resistance to Civil Government in 1849 in a magazine called Ãsthetic Papers. The latter title distinguished Thoreau's program from that of the "non-resistants" (anarcho-pacifists) who were expressing similar views. Resistance also served as part of Thoreau's metaphor comparing the government to a machine: when the machine was producing injustice, it was the duty of conscientious citizens to be "a counter friction" (i.e., a resistance) "to stop the machine".[2]
I bet Republicans will chicken out and approve raising the debt ceiling.
---------------------
I agree. Nobody has the balls to do what is needed for the future of this country. Starting with the American people, who spend far beyond their means. There is no way in hell the average JOE and HOUSE WIFE will stop spending more than they bring in.
So, if the Average American will not tight'n their belt, why do you think Congress will?
By the way, the only reason the US savings rate was up, due to Credit Freeze. The fact that most people couldn't obtain more loans for Cars/Tvs, etc forced more money in the bank. Also, the increase in savings was partly due to "Defaults" on home loans, car loans and credit cards. The payments that should have been made to the outstanding debt, went to their savings.
The debt Ceiling will be raised.
---------------------
I agree. Nobody has the balls to do what is needed for the future of this country. Starting with the American people, who spend far beyond their means. There is no way in hell the average JOE and HOUSE WIFE will stop spending more than they bring in.
So, if the Average American will not tight'n their belt, why do you think Congress will?
By the way, the only reason the US savings rate was up, due to Credit Freeze. The fact that most people couldn't obtain more loans for Cars/Tvs, etc forced more money in the bank. Also, the increase in savings was partly due to "Defaults" on home loans, car loans and credit cards. The payments that should have been made to the outstanding debt, went to their savings.
The debt Ceiling will be raised.
hell yes thats what is needed. throw the country into default. brilliant.
besides we dont need to worry about spending anymore. since spending originates in the house and the house is solidly in republican control deficit spending is a thing of the past. right?
The Fed is buying US Debt. China is not needed anymore. The Fed simply creates a double entry on their books and poof! There's the "money." The Feds can do this for an extended period of time but the states and municipalities cannot. The true pain will be felt when the states and municipalities begin to tumble.
Every time congress raises the ceiling the rating agencies should to cut US debt status.
Unfortunately, due to 'politics' and other ways of doing business it's not likely to happen.
The way things will work out is by the time US will be in practical default(i.e 'paying back' it's debt in virtually worthless dollars) it will still be AAA rated
Unfortunately, due to 'politics' and other ways of doing business it's not likely to happen.
The way things will work out is by the time US will be in practical default(i.e 'paying back' it's debt in virtually worthless dollars) it will still be AAA rated