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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:18 PM Original message |
the entire "cut the deficit" argument is based on the crazy claim that interest rates are too high |
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daylan b (392 posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:21 PM Response to Original message |
1. No. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:26 PM Response to Reply #1 |
3. That may be true of households and also of local and state governments. |
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daylan b (392 posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:29 PM Response to Reply #3 |
6. So you are ready to pay $20 for a loaf of bread? |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:34 PM Response to Reply #6 |
8. how funny, toss out the hyperinflation boogeyman in a near-deflationary economy |
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daylan b (392 posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:41 PM Response to Reply #8 |
9. Because... |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:55 PM Response to Reply #9 |
15. "is exactly what got us in this damned mess in the first place" |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:00 PM Response to Reply #9 |
16. well i did use words such as "crazy" and "blind and deaf" in my o.p. |
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Hawkowl (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:52 PM Response to Reply #6 |
13. Not inevitable |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:06 PM Response to Reply #6 |
17. hyperinflation requires a very specific set of economic circumstances. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:28 PM Response to Reply #1 |
5. first, if one of the things you make is money, then yes you can. |
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daylan b (392 posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:32 PM Response to Reply #5 |
7. First, if you want to start printing Monopoly money, then see my above post. |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:16 AM Response to Reply #7 |
40. It's all monopoly money |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:50 PM Response to Reply #1 |
28. Simplistic Libertarian gobbly-gok. |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:24 PM Response to Original message |
2. That's Not the Argument |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:28 PM Response to Reply #2 |
4. Unless the private sector dramatically reverses course.. |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:48 PM Response to Reply #4 |
11. It Would Now |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 03:39 AM Response to Reply #11 |
52. Andrew Jackson plunged the country into a depression |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:46 PM Response to Original message |
10. "spending money like drunken sailors" |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:52 PM Response to Reply #10 |
14. We werent teetering on the edge of a depression in 04 |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:41 PM Response to Reply #14 |
23. And nobody said we aren't going to keep spending |
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unblock (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:03 AM Response to Reply #23 |
32. i want smart spending, but i do want a BIG deficit, now |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:13 AM Response to Reply #32 |
37. Then you support Obama's plan |
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unblock (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:29 AM Response to Reply #37 |
45. er, uh, you want me to hijack my own thread? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:51 AM Response to Reply #45 |
48. Because your OP is wrong |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:04 AM Response to Reply #23 |
33. Obama is sending mixed signals, so if people are confused its his fault |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:12 AM Response to Reply #33 |
35. That is just a load of bullshit, complete and total |
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Name removed (0 posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:16 AM Response to Reply #35 |
41. Deleted message |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:19 AM Response to Reply #41 |
42. You don't want the Democratic President to succeed? |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:29 AM Response to Reply #42 |
46. I want him to be a good President for the majority of people |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:49 AM Response to Reply #46 |
47. And you skipped everything I said |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:14 PM Response to Reply #10 |
18. the federal government should run deficits when the economy is in trouble |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:43 PM Response to Reply #18 |
25. And it is, and it will |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:15 PM Response to Reply #10 |
19. I've learned so much about monetary systems since 2004. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:24 PM Response to Reply #19 |
21. cheney, of course, was speaking purely politically, not economically. |
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tkmorris (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:50 PM Response to Reply #10 |
27. "DU" is not a defined entity |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 10:50 PM Response to Original message |
12. Here's the "argument".. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:36 PM Response to Reply #12 |
22. oh noes! charts! |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 05:00 AM Response to Reply #22 |
54. You cannot ignore what those charts are plainly saying.. we have a problem.. a very big problem.. |
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izzybeans (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:15 PM Response to Original message |
20. I think there are two things happening here. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:41 PM Response to Original message |
24. That isn't the argument being made. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:52 PM Response to Reply #24 |
29. for better or for worse, cnbc is on all day at work, and yes i do hear this a lot |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:56 PM Response to Reply #24 |
30. Actually, it's exactly the argument being made by the deficit terrorists. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:00 AM Response to Reply #30 |
31. "federal interest costs WILL increase dramatically" |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:07 AM Response to Reply #31 |
34. They have been making this argument for years. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:13 AM Response to Reply #34 |
36. I never said they didn't my point was nobody except the OP is saying 3% on 10yr T-bill is "high". |
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unblock (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:15 AM Response to Reply #31 |
38. except that 4% 30-year debt itself a prediction of future interest rates |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:21 AM Response to Reply #38 |
43. Please provide a cite or link. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 03:22 AM Response to Reply #31 |
51. The scary thing is if the timing of the increases will be determined by bond vigilantes. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 07:16 AM Response to Reply #51 |
56. Yeah the losss of spread between treasuries and AAA corporates is a troubling omen. |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-08-10 11:50 PM Response to Original message |
26. As a % of GDP our debt is actually a lot lower than many other developed countries. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:16 AM Response to Reply #26 |
39. For the US, historically, it's getting high |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 12:24 AM Response to Original message |
44. A household budget is constrained by debt. Sovereign currency, at least U.S. |
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Kringle (411 posts) Send PM | Profile | Ignore | Fri Jul-09-10 03:04 AM Response to Original message |
49. Greek interest rates, 10 percent,for 10 year bonds |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 03:20 AM Response to Reply #49 |
50. So what? Greece cannot control its currency, so it faces massive deflation and recession. |
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Kringle (411 posts) Send PM | Profile | Ignore | Fri Jul-09-10 03:59 AM Response to Reply #50 |
53. Greece can't manage its own affairs |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 05:05 AM Response to Reply #53 |
55. And for the reasons I mentioned, the world will not have to bail out the US |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 07:23 AM Response to Reply #50 |
57. The US ability to control inflation is not without cost. |
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BzaDem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 04:01 PM Response to Reply #57 |
58. When did I say otherwise? |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-09-10 05:52 PM Response to Reply #49 |
59. We're not Greece. |
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