 old_dawg"I Know Noting..."
join:2001-09-22
Westminster, MD | reply to sonicmerlin
Re: Um... said by sonicmerlin:You need to spend to get out of a recession. This includes borrowing money, however much is necessary. Most people's gut reaction in a time of economic hardship is to start hoarding and saving as much as possible, but from society's standpoint that is economic suicide. Oi!. I love that logic. Print mo' money,sell more debt to Communist China. 
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"Our network engineers are aware of the problem..." |
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| The fact that the Chinese are willing to invest so much money in the US demonstrates their confidence we'll be able to recover and pay them back. |
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| said by sonicmerlin:The fact that the Chinese are willing to invest so much money in the US demonstrates their confidence we'll be able to recover and pay them back. All government's are foolish, just 'cause they think we can pay it back doesn't automatically mean we can.
On top of this, they could also be doing it to hold a proverbial carrot above our head in the future.
"we funded you, during all those years; now, you do THIS for us." |
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 TzaleProud Libertarian ConservativePremium
join:2004-01-06
NYC Metro | reply to sonicmerlin
said by sonicmerlin:The fact that the Chinese are willing to invest so much money in the US demonstrates their confidence we'll be able to recover and pay them back. The Chinese are beginning to question our ability to pay them back.
-Tzale
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They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.
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"I believe the very heart and soul of conservatism is libertarianism."~Ronald Reagan |
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