Debt deal reached!

if you can still borrow money at the world's lowest rates and there's a recession going on, why wouldn't you keep borrowing to prevent a secondary recession? the infallible free market will raise interest rates on US borrowing when it is loses faith
 
yet the country rolls on
debt in itself is not a bad thing in terms of international finance, but you have to at least display the illusion of control on it
i'm disappointed in the bill because it just punts everything further down the road
 
You can walk with a leech attached to you, or you can pick it off.

But yeah, it's just more of the same. The speculative nature caused by the media and the subsequent gold rise has been
 
debt is not bad when you have the means to pay it off if you wanted to. I take on a cheap mortgage because I enjoy the low interest and the ability to write a chunk of it off on taxes. I do however make my monthly payments and don't have to ask my bank to "lower" my payments from time to time. This debt is horseshit because there is no chance of us coming anywhere close to being able to repay it without monumental changes in the government.
 
The debt ceiling will be raised 2.4T, provided that the government has a 100% track record for hitting the ceiling every single time, it's quite safe to suggest that we will soon be in an additional 2.4T debt.
 
The ceiling is allowed to be raised by 900B, Im not sure where you're getting 2.4T from. Secondly, you're a smart guy, so Im assuming this is just a troll thread, so Im out
 
humans and international governments do not and should not handle their finances in a similar manner, it's an entirely different ball of wax. but to use your example raising the debt ceiling avoiRAB a rate hike from our bank so we can make our monthly payments, which if you have a mortgage is usually priority #1.
 
Back
Top