>>1226709

>debt FUD

Not buying it. American economy is weak, we need debt to drive growth. We should be spending assloads more on infrastructure and development instead of fucking around with weapons manufacturers and the TSA and shit.

Other urls found in this thread:

caseyresearch.com/articles/weekend-edition-how-im-prepping-for-the-next-recession
caseyresearch.com/articles/why-a-collapse-is-practically-unavoidable
conversableeconomist.blogspot.com/2015/02/why-banks-hold-excess-reserves-nuts-and.html?m=1
newyorkfed.org/medialibrary/media/research/staff_reports/sr380.pdf
twitter.com/NSFWRedditVideo

inflating the currency only works as a temporary crutch. Eventually it will blow up and it will be quite the devastation.

Its like cleaning a car, you can clean it every year and get rid of the garbage, or you can let it build up over time until its falling out the windows and everything comes to a halt until its entirely cleaned out. We are at that point right now.

We only start running into problems if lenders decide we're no longer good for our money.

Think about the US like a business; growth companies routinely have debt caps that are several multiples larger than their balance sheet, and even blue chips are often sitting on significant levels of debt if they're going through redevelopment or structural reorganization. The US is no different; with that in mind, why are we concerned with the specific number of the debt? As long as our debt is reasonably supported by our basis financials, we should be able to keep our debt levels reasonable by either lowering the absolute value of the debt, or supporting and incentivizing raising the GDP, to lower our relative debt level.

Considering the biggest fuel of sustainable growth in the past 80 years has heavily involved government funded infrastructure projects, that's what I suggest we do to again fuel growth in our economy.

>Its like cleaning a car, you can clean it every year and get rid of the garbage, or you can let it build up over time until its falling out the windows and everything comes to a halt until its entirely cleaned out. We are at that point right now.
This is almost as retarded an analogy as comparing the US debt to balancing a checkbook.

It's like you truly believe that debt levels have limits and/or the best way to lower debt is to force the American public to lower consumption.

Ok screen cap this then for the 2017 crisis that is about to come

...

I'm not sure what you're getting at; there are numerous catalysts between now and 2017 that could cause a recession, but almost zero chance that we actually undertake any large-scale infrastructure investment like I'm suggesting, precisely because FUDlets have this inane notion that imposing a "debt ceiling" is something we should be doing to ourselves, rather than letting the debt market (which is specifically designed to stress-test and mitigate financial risk) determine how much we can borrow.

>I'm not sure what you're getting at; there are numerous catalysts between now and 2017 that could cause a recession,
more like a depression, shits going to be like the 1930s all over again but maybe even worse.

Maybe. I honestly don't know; I'm not inclined to believe it's going to be the next great depression, but who knows.

Bottom line, I think the government is going about these recovery activities the wrong way; they need to start forgiving student loans and/or easing the debt burden of millenials somehow, and they need to start large-scale New-Deal type investments in American infrastructure. Worry about balancing the budget once the American economy is in growth again, and let the middle class fuel investment; our economy works best when our government taxes the rich, funds middle class and domestic development, and takes advantage of struggling economies abroad.

A financial reset has to take place. History always repeats itself and we havent flushed out the garbage yet. Country needs to default on all debt and start over from scratch. You can only inflate your date for so long before it no longer has any effect on the economy.