Quote:
Originally Posted by DTK
I clipped most of your comment Robbie, but i want to focus on this point. I know that wasn't your whole point, but go with me for a moment.
As i've said about a million times, I completely agree with this.
When you can borrow money at 0% interest with express purpose of stimulating the economy, you fucking do it.
History has shown time and again that austerity in tough economic times is a recipe for disaster. Look it up, you'll see.
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Up to a point yes. But with a debt of 16 TRILLION dollars...common sense says something has to give.
And when the cycle comes around and inflation hits and interest rates rise...that's when all this debt is going to bitch slap us all.
Common sense says to not borrow more than you can EVER pay back.
That's what killed the economy in the housing collapse. And it's what is going to happen in the end when inflation hits and interest rates rise.