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Re: If you think the debt crisis is bad now ...

By: Decomposed in ROUND | Recommend this post (0)
Sat, 30 Jul 11 6:28 PM | 35 view(s)
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Msg. 34140 of 45644
(This msg. is a reply to 34138 by pdowd)

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pdowd,

Your post is a great example of why AB's recommendation that copyrighted stories be limited to headlines and initial paragraphs is problematic.

From what you posted, it looks like your article is saying that raising the debt ceiling will end the problem. However, the article's very next sentence - which you did not post - reads:

"Except it’s not that way at all." 

Wow! A complete about-face! And I almost missed it since I thought the premise of the story was ridiculous.

For that reason, I usually post longer excerpts, and sometimes MULTIPLE excerpts - with
.
.
.
separating the different sections.

Bob recommends we put some original commentary at the top - to summarize articles or make key points. That's a great approach, but I don't think it is practical or realistic to expect everyone to do that each and every time. You didn't, and I'm certainly not going to.

I think a compromise is in order - posting enough of an article to get its point across, but not so much that interested readers won't want to visit the site.


Anyway... good article. Reading the whole piece is absolutely essential.




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The above is a reply to the following message:
If you think the debt crisis is bad now ...
By: pdowd
in ROUND
Sat, 30 Jul 11 5:12 PM
Msg. 34138 of 45644

If you think the debt crisis is bad now ...
Lawmakers need to come to grips with just how deep the nation's debt hole is.

By Peter Coy
updated 7/29/2011 7:34:50 PM ET

There is a comforting story about the debt ceiling that goes like this: Back in the 1990s, the U.S. was shrinking its national debt at a rapid pace. Serious people actually worried about dislocations from having too little government debt. If it hadn’t been for two wars, the tax cuts of 2001 and 2003, the housing meltdown, and the subsequent financial crisis and recession, the nation’s finances would be in fine condition today. And the only obstacle to getting there again, this narrative goes, is political dysfunction in Washington. If the Republicans and Democrats would just split their differences on spending and taxes and raise the debt ceiling, we could all get back to our real lives. Problem solved.

For the rest of the story: http://www.msnbc.msn.com/id/43929476/ns/business-stocks_and_economy/


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