Comments on: Repudiate The Debt?

By: avmed

avmed — Sun, 21 Feb 2010 19:09:13 +0000

I would guess that treasury yeilds aren’t going lower. They are at historical lows. The govenment is not going to reduce spending. Obama’s policies will not result in the magnitude of private sector growth required to achieve balance budgets. We will not develop domestic nuclear and natural gas resources. Balance of trade deficits will continue. Fiscal deficits will continue. Default on our outstanding debt through currency debasement is inevitable. Interest rates will rise unless Americans use all of the printed money to by US debt instead of Arab oil and Chinese manufactured goods.

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By: Shellie

Shellie — Thu, 18 Jun 2009 19:38:16 +0000

I think repudiating the debt would be irresponsible in principle. We got ourselves into this, we need to learn as a nation to get ourselves out of this. It will be painful either way so why not go the more honorable route? Thanks for the reference to your numbers, I will check it out.

By: Jeffrey Bowman

Jeffrey Bowman — Thu, 04 Jun 2009 07:15:18 +0000

These are some scary times, and hopefully as a nation we wise up…not likely though.

By: Ulysses

Ulysses — Thu, 04 Jun 2009 01:04:40 +0000

It is too late…