Replies to post #73532 on Traders Cooperative

[smartone]

apologizes Irongate

let me address your questions

when should a person become concerned about the debt?

Well although our debt MIGHT be a long term problem if not addressed in a reasonable fashion

Jobs and consumer Demand are a bigger problem RIGHT NOW!!! TODAY!! this instant. It is really insane that debt problem is dominating the political discourse the last 6 months. If it freaking JOBS people care about .
Ironically the best solution for debt problem is a robust growing economy.

How do you see all this
ending?

Who knows???


Is it even possible to balance the budget anymore?

Sure -- but seriously the US has only had a balance budget a handful of times..

And trust me the power that be will never totally retire debt. They dont' want that - -where will rich people park their money when the economy downturns?

does anyone remember at the end of Clinton Administration when we had surplus? Clinton admin was actually retiring T Bills and the economy was starting to slow down - and Greenspan was FREAKING OUT

. I remember when the 10 Year T Bill was retired and Greenspan complained that financial markets use the 10 year T Bill to establish mortgage rates and without it there would be "uncertainty in the market"