Economics Questions

Re: Twiddle-de and Twiddle-dumb

wilderness — Fri, 15 May 2009 16:04:21 GMT

Knight_of_BAAWA:

So.....he shouldn't have asked to borrow, maybe?

Exactly! But would we expect anything else from the State, nope.

Re: Twiddle-de and Twiddle-dumb

DanielMuff — Fri, 15 May 2009 08:05:44 GMT

Tax? No.
Borrow? No.
Printing press? Si!

Re: Twiddle-de and Twiddle-dumb

Josiah Schmidt — Fri, 15 May 2009 01:31:34 GMT

It's sorta like getting dieting advice from Sally Struthers.

Re: Twiddle-de and Twiddle-dumb

Knight_of_BAAWA — Fri, 15 May 2009 00:27:22 GMT

So.....he shouldn't have asked to borrow, maybe?

Twiddle-de and Twiddle-dumb

wilderness — Fri, 15 May 2009 00:04:40 GMT

Obama, unfortunately, cracks me up...

"President Barack Obama, calling current deficit spending 'unsustainable,' warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

'We can’t keep on just borrowing from China,' Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. 'We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

The State is Ridiculous! What's so aweful is the Federal Reserve will be having to fork over even more bailouts to those banks that the stress test indicated. Meanwhile Bernanke is talking about how the bank stress tests didn't reveal everything and there are internal problems with those banks that still need to be addressed. So they will go into even more debt as Obama comes out and says this!

Yeah, the State is awful, ridiculously awful.