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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNo, The United States Will Not Go Into A Debt Crisis, Not Now, Not Ever
http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/After all its already common knowledge among economists, Fed officials, and an increasing number of sophisticated investors.
Maybe so, but its still not common knowledge among politicians and among the general public. A lot of people still think that the US is under some risk of one day becoming like Greece, and its distorting our public debate.
Its especially distorting it on the Right, where hysteria about deficits, and debt, and becoming like Greece has reached a fever pitch. Paul Ryan, especially, has framed his entire message on entitlement-cutting on the flawed premise that the US needs to cut its entitlement or it will suffer a debt crisis. This message, in turn, has infected broad swathes of the conservative movement (including very smart people in it), a movement that I consider myself a member of and want to see in strong intellectual health. But very few liberalscertainly no Democratic elected officials that Im aware of, certainly not the President and the Vice Presidentare disputing the premise that the US is in any danger of a debt crisis.
In future posts, I will try to look at what the conservative movement can do to move past the idea of the debt crisis, and what it means.
Maybe so, but its still not common knowledge among politicians and among the general public. A lot of people still think that the US is under some risk of one day becoming like Greece, and its distorting our public debate.
Its especially distorting it on the Right, where hysteria about deficits, and debt, and becoming like Greece has reached a fever pitch. Paul Ryan, especially, has framed his entire message on entitlement-cutting on the flawed premise that the US needs to cut its entitlement or it will suffer a debt crisis. This message, in turn, has infected broad swathes of the conservative movement (including very smart people in it), a movement that I consider myself a member of and want to see in strong intellectual health. But very few liberalscertainly no Democratic elected officials that Im aware of, certainly not the President and the Vice Presidentare disputing the premise that the US is in any danger of a debt crisis.
In future posts, I will try to look at what the conservative movement can do to move past the idea of the debt crisis, and what it means.
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No, The United States Will Not Go Into A Debt Crisis, Not Now, Not Ever (Original Post)
ashling
Nov 2012
OP
msongs
(67,441 posts)1. dems allow themselves to be controlled on this issue. pathetic nt
johnd83
(593 posts)2. Would you rather leave the future generations a habital planet with resources or "debt"
which is basically imaginary. We keep destroying the planet for "debt" which is just our own construct that doesn't even make much sense considering the wealth of the country and that it is caused by the "trade deficit" which is also completely artificial. Our children will just laugh and wipe out the imaginary number. They can't wipe out environmental damage and resource depletion.
Why don't more people understand that?