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George Soros Says The US Should Take On More Debt And Not Be Obsessed With Budget Cuts
Business Insider ^
| April 9, 2011
| Gregory White
Posted on 04/09/2011 10:43:35 AM PDT by 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.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: brettonwoods; budgetdeal; democrats; georgesoros; legitimatetarget; liberalfascism; nazi; nazicollaborator; smearfinancier; soros; spookydude; terrorist
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1
posted on
04/09/2011 10:43:35 AM PDT
by
maggief
To: maggief
Hey George. Walk out into heavy traffic.
2
posted on
04/09/2011 10:45:29 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: maggief
3
posted on
04/09/2011 10:45:33 AM PDT
by
al baby
(Hi Mom!!! <sarc>)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Thanks maggief. What happened, did he buy a bank?
4
posted on
04/09/2011 10:45:50 AM PDT
by
SunkenCiv
(Thanks Cincinna for this link -- http://www.friendsofitamar.org)
To: maggief
5
posted on
04/09/2011 10:46:20 AM PDT
by
maggief
To: maggief
isn't this petrified POS dead yet???
6
posted on
04/09/2011 10:46:25 AM PDT
by
Vaquero
("an armed society is a polite society" Robert A. Heinlein)
To: maggief
I respectfully suggest that George Soros stick it up his butt sideways and twist it.
To: maggief
If anyone needed proof that America is on a dangerous path of debt, this is it. Soros wants to destroy America.
8
posted on
04/09/2011 10:46:57 AM PDT
by
pallis
To: maggief
This is because George Soros doesn’t want to see the destruction of America come to an end.
9
posted on
04/09/2011 10:46:59 AM PDT
by
library user
(Just because you're homeless doesn't mean you're lazy.)
To: maggief
To: SunkenCiv
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.
11
posted on
04/09/2011 10:48:38 AM PDT
by
FreeAtlanta
(Obama and the left are making a mockery of our country.)
To: maggief
12
posted on
04/09/2011 10:48:54 AM PDT
by
kiltie65
To: maggief
So says all creditors, especially those who hold you as collateral.
13
posted on
04/09/2011 10:49:08 AM PDT
by
mnehring
To: maggief
14
posted on
04/09/2011 10:49:31 AM PDT
by
manic4organic
(We won. Get over it.)
To: maggief
Soros wants to bankrupt the country and make it so much in debt that it could never recover. That is HIS plan.
To: maggief
Soros should be considered a threat to America and his assets seized.
16
posted on
04/09/2011 10:49:41 AM PDT
by
WhyisaTexasgirlinPA
("Elections have consequences...." Barry O. Thank you Scott Walker and WI Republicans!!)
To: maggief
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.
17
posted on
04/09/2011 10:49:41 AM PDT
by
gaijin
To: cripplecreek
Yeah George, we all know your looking out for the best interest of America.
18
posted on
04/09/2011 10:50:07 AM PDT
by
Americanexpat
(Everytime I see that guy's face ot)
To: maggief
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.
19
posted on
04/09/2011 10:50:19 AM PDT
by
Aria
( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
To: maggief
His intent to see the US economy destroyed is becoming more transparent.
20
posted on
04/09/2011 10:50:49 AM PDT
by
JimRed
(Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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