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debt ceiling

Name: mitchell islam 2011-07-26 12:31

it really boggles my mind that something like 60% of polled americans are opposed to raiseing the debt ceiling, and also that a plurality of voters view obama as to blame for this debt ceiling crisis.

so i am curious not so much as to your opinion on what is going to happen, but as to your opinion on how the american people, or people across the world will percive it? do you think that americans are really stupid enough to fall for the republicans destroying the economy to make obama look bad?

Name: Anonymous 2011-07-27 7:15

>>9
We do have some capacity to predict the future, it's called "risk assessment", and if taking a loan is too risky we shouldn't do it. Also there is a dynamic at work here, at a certain point paying off the loan to reduce interest is more profitable than investing in the economy, also I question the need for the government to decide to take loans and make investments on our behalf (even through lowering taxes as opposed to white elephant schemes like "cash for clunkers") in the first place.

Do I have to do all the thinking for you?

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