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On Wed, 26 Aug 2015 12:53:40 -0400, Keyser SÃ¶ze
wrote:

On 8/26/15 12:47 PM, wrote:
On Wed, 26 Aug 2015 12:25:31 -0400, Keyser SÃ¶ze
wrote:

On 8/26/15 12:20 PM, wrote:
On Wed, 26 Aug 2015 12:02:53 -0400, Keyser SÃ¶ze
wrote:

Oh, China's economy...two of the reasons for its problems...massive
overcapacity and slowing demand within the country and worldwide for
what it is producing.

I would not expect a democrat to think debt was an issue at all.

I stated "two of the reasons." There are others, of course.

All of the other reasons only contribute to the problems but the debt
makes it an immediate concern. The whole world has been kicking that
can down the road for 40 years and it is going to overwhelm us some
day. That day may not be that far off. It might be as simple as the
Saudis deciding to turn off the oil tap. They have gotten us addicted
to cheap oil again and we saw how that worked in the 70s when they
choked off supply. Guys like Bernie say the middle class never
recovered from the Ford/Carter crash and we are in a lot worse shape
now. The whole world is.

And your solution to the debt mess that includes mass numbers of people
not starving and otherwise suffering horrifically while your solution is
underway...

"Starving" may make a good bumper sticker but it is not really that
much of an issue in the US. We do need to stop borrowing money tho.
This "zero interest rate" can't go on forever and when inflation
cranks up again, that debt will be unsustainable pretty quickly.
We haven't been able to count on China to buy our debt for several
years so the fed is just printing money to cover the shortfall. We
have gotten away from it so far but that will not last forever either.

Remember Weimar Germany

If starving is an issue, think about what will happen when the dollar
crashes and brings down the whole world economy.
You might even reconsider your stance on hunting when chicken costs
$150 a pound .. if you could find it and had $150.

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