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Edited on Fri Jul-22-11 12:15 PM by unblock
STFU and solve a real problem.
bond market yields remain near historical lows. this is *NOT* a serious problem; at least, it's certainly not a serious problem yet. if investors though for one minute that there was any chance that 10-year or longer treasuries wouldn't pay in full, they'd demand far more -- *FAR* more interest than they are actually demanding today. why aren't they? because they know that the debt is NOT a serious problem. it's a manufatured, phony crisis ginned up to advance a right-wing agenda.
you know what's a real problem, right now? 10%(-ish) official unemployment. that's a serious problem today. has been for quite some time now.
and if you still can't get the debt "crisis" off your mind, consider this: 10% unemployment is making the debt situation worse. it means lower tax revenues and it means higher expenditures, ergo more debt. solve the unemployment problem and you're also going a long way toward reducing the debt.
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