07 Mar 11
Originally posted by Metal BrainThe fact that the US is able to borrow at historically low interest rates shows, among other things, that the US dollar is in no danger of becoming "worthless".
Even as the US dollar becomes worthless?
I guess counterfeiters are never broke. That is one way of looking at it.
What is the name of that game where everybody sits down in a chair after the music stops playing?
07 Mar 11
Originally posted by sh76If the politicians can show me they are willing to cut spending (starting with their salaries and expenses) then I won't complain about a tax hike. The President missed a big opportunity to stick it to the republicans when his debt comission released its report.
Both.
07 Mar 11
Originally posted by dryhumpSurely you are aware that legislators' salaries are a negligible part of the federal budget?
If the politicians can show me they are willing to cut spending (starting with their salaries and expenses) then I won't complain about a tax hike. The President missed a big opportunity to stick it to the republicans when his debt comission released its report.
08 Mar 11
Originally posted by Metal BrainWhat if you can borrow money by mortgaging a house you own? Are you broke in that case?
Saying you are not broke because you can go further into debt to pay the bills is stupid. To say a country has to default on the debt before it is broke is misleading.
If it ain't your money you are broke.