Quote from h hubbins:
why would you construe my comments about the ability to repay the debt as being happy that it exists? and who are you to judge who is too happy about anything?
i just don't believe that the sky is falling. the data doesn't show that the sky is falling either. the war is not going to bankrupt the country but the debt will have to be repaid from the largest most powerful economy in the history of the world. and it will be repaid. the chinese wouldn't be accepting 4% on ten yrs if they thought it wouldn't be repaid.
you want to be against the war? fine. for the war? fine. it isn't going to do long term damage to the economy and we had plenty of gdp growth from '03-'07 so it hasn't done short term damage either.
It is not a matter of being for or against the war, its the reality of how the war has been financed that was the subject of my post. Also, to the best of my knowledge, the European Union has now "the largest most powerful economy in the history of the world", not the US, although no one would argue that the US economy is not a large and resilient one. And, i agree with you, the sky is not falling, at least not yet.
