The Mudcat Café TM
Thread #148981   Message #3464217
Posted By: Bobert
10-Jan-13 - 06:34 PM
Thread Name: BS: debt limit. can nybody explain why
Subject: RE: BS: debt limit. can nybody explain why
There is nothing wrong with debt if it allows a society to become more competitive...

Almost every small businessman knows that debt is part of being in business... I mean, when a company goes public and sells stock that is debt...

No, debt isn't the enemy...

Nor is a currency that isn't backed by beads, or conch shells or gold...

It the way the real world works...

Yes, like anything that works, too much can work against you, your company or your nation... Think Greece here...

The US is not Greece... It produces more in one day than Greece produces in a year...

And, dick, there is no reason whatsoever why anyone thinks that the US can refuse to pay it's bills...

B~