George Soros Says The US Should Take On More Debt And Not Be Obsessed With Budget Cuts

Business Insider ^ | April 9, 2011 | Gregory White

[maggief]

(Video at link)

EXCERPT

• 0:20 It is a really open question; How much debt is too much and when should you tighten? We're in the midst of a difficult, delicate, two-speed maneuver.
• 1:15 If you have a growing economy, you can tolerate a high level of debt. If you have an economy in recession, and too much debt, you get into what's called a debt trap.
• 1:50 This argument is overshadowed by political considerations. In Europe, you have debate of eurozone members and their debt.
• 2:25 We can issue our own currency in the U.S., and the dollar is quite strong.
• 3:20 There is a danger than, by pushing budget cuts too far, you can endanger it. I fear political forces are going to force the economy back into recession.
• 3:50 The U.S. economy could absorb some more debt to get the economy going. If you use it to reinforce consumption, you get no benefit from it. Building infrastructure or improving productivity is where it should be used.

• 5:30 The U.S. dollar is considered to be riskless, but it's a question as to the degree of future inflation. One way to decrease the future weight of debt is to have inflation.

[cripplecreek]

Hey George. Walk out into heavy traffic.

[al baby]

WTF over

[SunkenCiv]

Thanks maggief. What happened, did he buy a bank?

[maggief]

Direct link to video:

http://www.youtube.com/watch?v=z_ajJmAF2aU

[Vaquero]

isn't this petrified POS dead yet???

[Chi-townChief]

I respectfully suggest that George Soros stick it up his butt sideways and twist it.

[pallis]

If anyone needed proof that America is on a dangerous path of debt, this is it. Soros wants to destroy America.

[library user]

This is because George Soros doesn’t want to see the destruction of America come to an end.

[tumblindice]

http://www.usdebtclock.org/

[FreeAtlanta]

I don't know about the bank, but I do wish he would buy the farm. Bought the farm - Meaning: To die, particularly in an accident or military action.

[kiltie65]

Who asked him?

[mnehring]

So says all creditors, especially those who hold you as collateral.

[manic4organic]

FUGS.

[scorchedearther]

Soros wants to bankrupt the country and make it so much in debt that it could never recover. That is HIS plan.

[WhyisaTexasgirlinPA]

Soros should be considered a threat to America and his assets seized.

[gaijin]

A man who shamelessly, matter-of-factly admitted to being an informer to the Third Reich against fellow Jews —his OWN people.

What would he not mind happening to us? What, he loves us MORE..?

Just wow.

[Americanexpat]

Yeah George, we all know your looking out for the best interest of America.

[Aria]

And this creep has his tentacles deep into the people who currently control our government.

I have to wonder how he profits and triumphs when we go bankrupt - because this obviously is the reason for this b.s.

[JimRed]

His intent to see the US economy destroyed is becoming more transparent.