This is news to me. So the devaluing of the U.S. dollar is actually the solution?! Riiiight... Even socialists and the far left aren't suggesting that, they just think the government should steal even more money to solve the debt problem.....
an unfunded liability is a liability they dont have funds set aside to pay for that doesnt mean they don't get paid and they wont get paid if the government has no income and it can have no income with a depressed economy that is why it has an interest in the prosperity of its citizens. as far as fiat currency even though it is 'fiat' its value reflects economic realities and international exchange rates. if you want sustainability, then you should know precious metal backing would destroys us.
No, the sad part is that is what is taught and accepted as "right" - Keynesian Economics, Monetarism, & Paul Krugman (ugh). The Austrian School has only been gaining in popularity because people are starting to SEE that central economic planning doesn't work so well... A wonderful resource of information is contained within this website: The Ludwig von Mises Institute
op's premise is the exact same as a ponzi scheme. it requires an ever increasing level of debt to pay off what you need today. how in your plan do you ever retire the debt....or is the plan to just continue to piling on the debt? the us treasury bonds that "anyone can buy" are almost worthless as it is. if you continue to add an ever increasing amount of them to the open market their value will just continue to decline. and eventually creditors will no longer finance their purchase, nor will they be desirable for purchase by speculators. already us bonds are being refused by longtime customers, last year china and switzerland both refused to float the us any dough.
i already explained this to you on page 2 and 3 and if you knew anything about treasuries you would probably giggle slightly at how ridiculous the second half of that post is
yeah....i read all of that. and i still see no difference between what you are suggesting and any ponzi scheme floating around. this idea that "the return on your money will pay the interest" doesn't seem to be working very well for the US government. (approaching our 10th debt ceiling in 10 years) where is our return?? the core of any good ponzi con is a steady supply of new dupes (probably why there is no such thing as immigration reform on the radar), and a fast car when the whole shebang implodes...as it always does.
yes and i explained that low interest rates increase demand for credit which what happened in the last 10 years. the idea that growth funding borrowing is true also because interest rates are also cyclical.
seems like old news unemployment rate is 8.7% now almost 4 months later which is completely contrary to the point you're making.
8.7% is terrible in and of itself. And that's not counting all the people that are under employed and people who were on unemployment, ran out their time, those people aren't counted. The REAL unemployment number is about 15%. cut the restrictions to businesses and all their money will free up and the unemployment will easily cut in half.
It's 9% and I would bet it's much higher than that in actuality. The point I was making was in regards to there not being more people paying into the scheme. Do you want me to edit the rest out after the " or can you take another look on your own? U.S. Bureau of Labor Statistics So far your "debt is the solution" BS has only benefitted those with close ties to government (special interests, big banks/corporations, unions, the Military Industrial Complex, etc.). Also, your favoring of the failed monetary policies of the Fed has only put MORE wealth into the hands of a few with close ties to government and the Fed. Too big to fail?
[ame=http://www.youtube.com/watch?v=GTQnarzmTOc]YouTube - Fight of the Century: Keynes vs. Hayek Round Two[/ame]
i got 8.7% by googling unemployment rate. regardless of how many tenths of a percent im off the trend is clearly downward. but i know that in april and march the largest increase in payroll are from private sector not public jobs. manufacturing and indstrials are leading the rally. look up the weekly reports they will show this. and too big to fail was addressed by wall street reform and consumer protection act
even 9% is a bullshit number. when you count those forced into retirement, those who have quit looking, self employed who cant make ends meet, under-employed, etc the number is closer to 20%. 9% is only people collecting unemployment benefits. downward trend is right...right down the drain.
well you know they have different measures of employment and different ways of measuring unemployment and honestly i dont know why you keep denying that there are more jobs now than in january and that trend has been going on since 2009. this is like arguing over whether saturday comes after friday then sunday afterward. the fact is each measure of unemployment is down since janurary