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Displaying (3) Comments | Comment on this piece | Report objectionable art
RE: SoftwareEngineer look at it this way. China has a vested itserent in selling things to the US. They will work with US administration to make sure America stays well without too much cough. And this is the way to go. So the US govt if i does not go overboard it can simply start programs like cash for clunkers. Maybe they can start a new program We buy 30% of your new home and the US govt will pay you to own a house. They can start buying new planes from Boeing or give subisdies to airlines. Finally if unemployment gets nasty Obama can start public works. This way it can gurantee that unemploymen will be less than 7%.And Sniglet and others are right that this carries risk of- Debt will spin out of control. Who will pay for this? The return for debt will get less and less. So it will get harder to sustain this situation with every year.- Investors might start sniffing this is a mess and start buying more gold, dumping US currency etc. This way the purcahsing power will start going down anyways.- Investors might not be willing to buy anymore of US debt and as such the itserent rate on treasuries could skyrocket?- China might panic and so sthg unreasonable like dump US dollar to become more diversified- At some point people may want the US not to default on its debt. And might be angry if the US just prints some bucks to pay off the debt. Wars have been started over similar things. I think Germany had to start WWII because it was heading in for a bankruptcy and Hitler's popularity was about to take a hit. So there are risks involved in govt spending are real. But what I am saying that at MINIMUM the govt can conceal for a limited time the mess it is in. If you say earn 30K and take out 2 mill loan you can party for couple of years until sb finds out that you are just a fish partying on the 2 mills. But when you party on he 2 mills it feels good. You invite some party girls, buy yachts, tour Hawaii, stay at great hotels etc. You feel rich although you really are not that rich. Rate this comment: 0 0
By: | Oct 23, 2015 | Report Comment
Kncoked my socks off with knowledge!
By: | Oct 17, 2012 | Report Comment
That's the smart thinking we could all bnfeiet from.
By: | Dec 31, 2011 | Report Comment
twilightbirds
mzabor
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