I think it is worth trying for awhile longer. Wages are stagnant. Somehow need a punch in the arm, and economic bubbles have been exhausted.
percentage wise, the recovery from the massive debt incurred during bush, will cost far less, than it did to rack up. Radical surgery to eliminate debt now, when it can serve a purpose to borrow more, is foolish. Like Cheney said, debt doesn't matter. --- In FairfieldLife@yahoogroups.com, wgm4u wrote: > > > > --- In FairfieldLife@yahoogroups.com, doctordumbass@ wrote: > > > > That's why its called 'debt', dude. Point being, the government lends > > itself money, with the expectation that a productive economy will emerge, > > creating jobs, income, taxes, and the rest. The debt is what, 4% GDP?? BFD. > > > wow, since we've been doing that head over hills for the last 20 to 30 years > we must REALLY have a booming economy by now! right?, (it's hopeless talking > to these people). > > PS Like...it's NEVER been tried, a new idea! Genius. :-( > > > > > > --- In FairfieldLife@yahoogroups.com, wgm4u wrote: > > > > > > > > > > > > --- In FairfieldLife@yahoogroups.com, doctordumbass@ wrote: > > > > > > > > I agree the fear of debt is BS. When I purchased my first house, I put > > > > 10% down, with an agreement with the bank that I would be in debt for > > > > the other 90% for the next 30 years, owing most of the principal for > > > > years to come. It works as long as I can continue to find work to make > > > > income, to pay the mortgage. > > > > > > > > Those who cynically rally around the debt as some sort of doomsday > > > > mechanism, are just throwing in the towel. I would very much like to > > > > see a WPA type program in the USA, focused as before on public > > > > infrastructure and beautification. Put people back to work on the > > > > government dime, today. > > > > > > > > > What government dime? The government doesn't make any money it gets/takes > > > it all from the private sector, like duh! (Unless the government PRINTS > > > it, which is another nightmare.) > > > > > >
