Summers Withdraws Name for Fed Chairmanship

[Spitfire of ATJ]

191. Here's the thing. One of the ways the government pays for things is by issuing bonds....

Those bonds are traded on the Bond Market.

Wall Street considers the Bond Market to be it's RIVAL for investment capital.

This is why the Republicans are always running up the debt and claiming the government is broke. It's to discourage people from buying bonds. The way they talk it makes it sound like the government will default on those bonds and you will be left with worthless paper. It's also why Alan Greenspan made it so those bonds pay practically nothing in interest. Another boogieman Alan Greenspan has debunked is the notion that there will be a run on bonds. Since bonds are (for the most part) traded and not cashed there is never going to be a time when the government can't meet it's obligations to pay as the bulk of the bonds are in a perpetual float.

People like Romney get money from dividends on stocks and the entire focus of the economists has been on growing the Stock Market and paying shareholders. That's also why things like "jobs" aren't even considered since payroll is considered to be a liability on company ledgers.