Zeev's Turnips Talk Politics (ZTTP)

[wall_rus]

A lot of "if'n" and "assumin'" there, don't ya think?

"by 2019, net federal debt will be around 70 percent of G.D.P. That’s not good, but it’s within a range that has historically proved manageable for advanced countries, even those with relatively weak governments"

But how would that play out for countries that don't produce ANYTHING? It's not quite as simple as Krugman always portrays. If even ONE major debtholder starts dumping its dollars, the US financial system would crash overnite.

That said, he is correct that tightening belts, as was done in the last great depression, is not the answer either. Someone once asked me how to get out of a mess they were in. My answer was that I would never have gotten myself into it to begin with. Sometimes there is no good answer. Not a position I like to be in.

While all this is going on, people should begin to analyze what got us here. It wasn't just the past administration. It's been a history of money and abuse not withstanding what the SC says about "free speech". Any 5th grader knows what a bribe is. We will not have a government "for the people" until we remove the money from politics.