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2016-05-07 Home Front: Politix

A Trump proposal for national debt would send rates soaring

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Posted by Zhang Fei 2016-05-07 00:00|| || Front Page|| [3 views ] Top

#1 The deficit has doubled under Obama on the Dem side and under the Republican Chair of the House Budget Committee .............. Paul Ryan

Who is the Republican Speaker of the House who says he is not ready to support the Republican Nominee? ................ Paul Ryan

Who was a major Republican who said he will skip the Republican Convention this year because he cannot support the current Republican nominee? Mitt Romney. And who is close to Mitt Romney? ............. Paul Ryan

Who lost his own state in the 2012 election as candidate as Vice President? ............... Paul Ryan

Who is willing to try anything now to stay in power even if it means undermining Trump somehow, someway? ............ The Establishment and Republican Speaker of the House Paul Ryan.

Posted by Ho Chi Crinens5363 2016-05-07 01:22|| 2016-05-07 01:22|| Front Page Top

#2 The economy has been on the verge of collapsing since about 2007. There has been no real economic growth. Only the Fed's money printing and suppression of interest rates has been keeping it going. Maybe the easiest way out of a crash would be an Arc Light strike of B52s dropping Benjamins over US soil.

Posted by Anguper Hupomosing9418 2016-05-07 03:31|| 2016-05-07 03:31|| Front Page Top

#3 How about something innovative. Lets say, recalling all gold and silver and issuing an entirely new currency, something called Obamabacks ?

...derail economic growth and undermine confidence

That train has already left the station.

Posted by Besoeker 2016-05-07 04:49|| 2016-05-07 04:49|| Front Page Top

#4 The reason that we are in such trouble is BECAUSE the interest rates have been held artificially low.

If Bush or Obama had raised them to even half of the real cost of borrowing money, there would have been 18 months of pain followed by at least a partial authentic recovery.

But that would entail incumbent politicians and bureaucracy chiefs falling on their swords and losing their precious six-figure jobs, so it never happened.

Forty years of easy borrowing so that the entrenched in the public sector have never had to tell the truth about the WWII peace dividend running out and come up with honest solutions and plans for America going forward have come home to roost.

Posted by no mo uro 2016-05-07 05:03|| 2016-05-07 05:03|| Front Page Top

#5 Rising interest rates could also signal a return of investor dollars to banks, which sadly, are now owned by the government.

Posted by Besoeker 2016-05-07 05:10|| 2016-05-07 05:10|| Front Page Top

#6 How do you say "screwed" in Mandarin?

Posted by g(r)omgoru 2016-05-07 06:08|| 2016-05-07 06:08|| Front Page Top

#7 Such a move, never before attempted by the U.S. government, would likely spook investors whose trust in Treasury notes keeps global financial markets operating.

We are bankrupt. The only thing keeping the game going is lying to ourselves. When we go tango uniform like other countries, they'll all go down economically with us. What would they prefer, to be paid at a discount or stiffed like the GM/Chrysler stockholders? The 'world financial markets' are just as guilty in keeping this ponsi scheme running as anyone else. They should have avoided buying Treasury notes a long time ago.

Posted by Procopius2k 2016-05-07 08:30|| 2016-05-07 08:30|| Front Page Top

If somehow we could make printed money less....appealing.

Posted by Besoeker 2016-05-07 08:40|| 2016-05-07 08:40|| Front Page Top

#9 BTW, because of all that, expect the amount of (illegal) foreign money flowing into the Hillary campaign to eclipse the first Obama run. Got to keep the game going.

Posted by Procopius2k 2016-05-07 09:30|| 2016-05-07 09:30|| Front Page Top

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