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

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 28 Jul 12 1:29 AM | 69 view(s)
Boardmark this board | The Trust Matrix 		Msg. 09062 of 54959
(This msg. is a reply to 09059 by faul)
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Hi doma,

government gets a better rate. at this point, treasury rates are so low that borrowing to fund infrastructure investment is a great deal. it's a great time to build a platform for future growth.


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The above is a reply 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

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....

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