Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
Replies to Msg. #737393
.
 Msg. #  Subject Posted by    Board    Date   
09062 Re: $2.4 dollars of debt buys you $1 of GDP
   Hi doma, government gets a better rate. at this point, treasury rat... 		Cactus Flower   ALEA   28 Jul 2012
 1:29 AM
09060 Collect rainwater.......30 days in jail!
   The State now owns rainwater & snowmelt water..........?? Imagine... 		faul   ALEA   27 Jul 2012
 8:16 PM

The above list shows replies to the following message:

Re: $2.4 dollars of debt buys you $1 of GDP

By: faul in ALEA
Fri, 27 Jul 12 7:29 PM
Msg. 09059 of 54959
(This msg. is a reply to 09058 by Cactus Flower)
Jump to msg. #  

Hi Alea.....

So who pays off the government debt if not the same
individual citizens that also own their private debt?

So when the consumer fails to take on more debt,
the government takes on more debt & passes it on
to their citizens.........so the citizen is either saddled
with more private debt or government debt....or both....

Austerity is not the answer,neither is more debt....their
is only one historical solution & that's a debt jubilee....