Of course that is the only reason why rates are as low as they are. If he keeps it up, we will eventually have hyperinflation.
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.
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.
Hard to get a loan when you have no job. The number one issue in the USA is jobs, jobs, jobs. Everything else is relatively minor.
Raise debt limit to avoid national catastrophe, Geithner warns Congress Washington Post - 3 hours ago the debt ceiling decision is a non-event. even the dumbest will vote for the new ceiling given the headlines like that.
Having a debt ceiling is absolutely pointless. It obviously does not limit spending in the least. Clearly congress will just raise it as needed in order to spend what they were going to spend all along anyway.
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