Interest rates...nothing to worry about

[Gilligan]

..er..or maybe there is. This is irresistible troll bait, especially for that nasty little spittle-spewing, foam-speckling gnome, TJ Wait for it...3...2...1...


http://davidstockmanscontracorner.com/uncle-sams-8-trillion-annual-debt-churn-why-washington-is-pertrified-of-honest-interest-rates/

 

[LibertyBeacon]

Summary: if you owned the money printing press, you'd borrow 8 trillion too.

:shrug:

 

[tommyjo]

..er..or maybe there is. This is irresistible troll bait, especially for that nasty little spittle-spewing, foam-speckling gnome, TJ Wait for it...3...2...1...


http://davidstockmanscontracorner.com/uncle-sams-8-trillion-annual-debt-churn-why-washington-is-pertrified-of-honest-interest-rates/

So your source is David Stockman and a site called The Coming Economic Collapse? Yeah, those are impartial, well intentioned sites. Mr. Sotckman's commentary is so well thought of the only place that will run it is his own website and something called thecomingeconomiccollapse.com?

If would have a better picture of the US debt situation if you should read something impartial. But you would rather read idiotic pieces like this from conspiracy theory nuts with zero credibility on the size of the US debt. He's only been wrong on the subject for about 30 years...but you'll believe everything he says as long as it paints the country and specifically the current president in a negative light, right Gillagoon?

Here's something from last year on the capability of Mr. Stockman:

http://blogs.wsj.com/marketbeat/2013/04/01/skeptics-scoff-at-david-stockmans-doomsday-scenario/

 

[Gilligan]

..er..or maybe there is. This is irresistible troll bait, especially for that nasty little spittle-spewing, foam-speckling gnome, TJ Wait for it...3...2...1...

Have I got this figured out or what?

 

[Larry Gude]

What we need is massive write offs of student loan, mortgage and consumer debt ALONG WITH a rise in interest rates. That clears the dead wood while re-instituting real cost to borrowing.

Plus, get rid of Fanny and Freddy and Write a new Glass/Steagal to punish speculators.

 

[stgislander]

... if you should read something impartial.

But once again you FAIL to provide links to what you actually believe. I'm still waiting for the list of books on the Great Depression that you feel are non-biased.