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HereSince1628

(36,063 posts)

8. The asset value of the US is about 188 trillion our debt is ~16 trillion

Reply to malaise (Original post)

Sun Jan 6, 2013, 01:26 PM

Jan 2013

Last edited Sun Jan 6, 2013, 06:40 PM - Edit history (1)

Borrowing costs have been at historic lows...

What family with an over 50 dad, out of work, with less than 10% debt burden would be criticized for looking at borrowing as a way to create a business and down the roads jobs for all the kids?

Who in this situation would simply fold saying it's time to quit looking to move up and settle on part-time jobs that would mean we can't afford dr's and dentists and will have to throw grandpa out of the house to do the best he can begging on the street?

This is the advice of serious politicians? These are the politicians who told us of the virtures of kitchen table economics?

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Highlight:

The fiscal crisis was ordained 10 years ago when George Bush, Dick Cheney and their neocon cronies [View all] malaise Jan 2013 OP

Yes, the deadbeats still don't want to pay. Some of their ill-gotten gains will be confiscated now. freshwest Jan 2013 #1

Straight from VP Cheney: Cooley Hurd Jan 2013 #2

I will never forget that quote malaise Jan 2013 #5

Remind me, why aren't any of these people in jail? n/t leftstreet Jan 2013 #3

Wish I knew malaise Jan 2013 #6

Always overlooked by the media young_at_heart Jan 2013 #4

That will never happen malaise Jan 2013 #7

The asset value of the US is about 188 trillion our debt is ~16 trillion HereSince1628 Jan 2013 #8

But borrowing for war, has little multiplier effect in our economy grahamhgreen Jan 2013 #10

I think I am not talking about war, but I'd agree that Iraq was stupid HereSince1628 Jan 2013 #12

Yes, in the end the op to capture bin laden was really police work, the grahamhgreen Jan 2013 #13

We still need more revenues. Extending the Bush tax cuts for Hoarders was a bad idea last week grahamhgreen Jan 2013 #9

Yes. Yes. Yes. Truer words were never written. JDPriestly Jan 2013 #11