Debt To GDP Ratio Paper Austerity Founded On Was Wrong

[Spider]

[Indy]

LOL

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[lnrw]

So this new development has no one worried that the idea of paying back debt has sailed...........far into the future?

Isn't this the exact sort of financing that has all the boomers in so much shyte with gen xers? Aren't we being blamed for the evils of the world via this deferred debt and responsibility?

What NEW data can anyone provide that entices anyone to beleive it will be paid down in the future? History?

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[Winchester]

[Indy]

The point being: this is absolutely the worst time to decide to tackle the debt, in the middle of a historic recession and with a huge unemployment problem dragging on for years.

As I said in an earlier thread (and I was cribbing from somebody else): whose idea was it to come up with a debt solution to our unemployment problem?

Once we're out of the woods, by all means: hack away.

The other problem is that the austerity pimps are complete frauds: they don't care about the debt one bit. It's merely a trojan horse for them to wipe out the New Deal. These same bozos are the ones who supported erasing one trillion dollars of our wealth to nation-build... Iraq. Or for medicare programs where the U.S. gov't is not allowed to negotiate prices with pharmas. Or for no spending checks whatsoever... as long as you call it "defense." Or for bottomless rescues of Wall St. firms that erased a staggering amount of wealth and jobs in this country.

But Lord almighty something like Social Security makes them absolutely batshit crazy.

[Winchester]

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[spacemonkey]

The human race is so far in debt to itself, it will never be free of debt to itself.Stupidass humans,lol.