I thought they already were unsustainable.
As planned... [by the statists, communists, progressives, etc]
Totally unexpected.
Wait, we can’t borrow our way to prosperity?
Who knew.
Good thing Bennie got outta town while the Dow was still going up.
The levels are already unsustainable at historic interest charges.
5.56mm
Obviously she hasn’t talked to Paul Krugman.
Who is ultimately responsible, the electorate or pols? I think the former. We own the place and elected the pols. Our own apathy and greed is why we’re here. There are some very few who don’t fit those categories but they are truly FEW.
Yellen is blaspheming Dem policy. How the heck did she get nominated?
Dems will blame Republicans. The press will publish it.
Quit Yellin, they are ready are unsustainable.
The question they need to be made to answer is -
what does an “unsustainED” deficit look like, societally and economically?
Bookmark.
Just mint a $20 trillion coin. It has to be platinum, though.
The logical solution is green jobs, raising the minimum wage, grant amnesty to all illegal aliens, Roads’n Bridges, raise taxes, “free” healthcare, restrict energy production, obscene government regulations, and another ride in the Choom Wagon.
Like we are too stupid to already have figured it out. :-)
Ultimately a currency is only as strong as the attractiveness of the People behind it. Think about that.
If the USA was filled with virtuous people of such values that were attractive to other groups and cultures around the world, its currency would reflect that attractiveness.
Gold in only a yellow metal. A central bank is ultimately just a printing press or digital maker.
As long as people of the world value American traditions and lifestyle, the US Dollar is safe.
And America’s traditions and lifestyle reflect the values held by its people.
If America continues to slide towards Gomorrah, the currency will break. That is a given.
People of the world want what Americans have and take for granted; the clean streets, sidewalks, water, power, schools, homes, safety and freedom. These everyday things are symbols that attract most of the inhabitants of the world.
Happily poverty around the world is on the decline. As entire populations climb from 3rd world hell holes to the fringes of 2nd world infrastructure, the symbols of America become more irrelevant. In order for America to remain a leader, to remain strong, it requires that the attractiveness of the American lifestyle and heritage be turned on fully and that entails reforming taxes, cutting out excessive government regulation and reaffirming the traditional line on morality; in other words decentralizing to unleash the American spirit.
No matter what remarks Yellen may make, the currency and the budgetary matters are ultimately a reflection of American choices, of American values.
The next time you see a young person, tell them their manner of dress, behavior, lifestyle, views; their choices ultimately determines the value of their dollar and hence the value of their life.
(Greece has a GDP of a quarter Trillion. Germany is at 3.5 Trillion. Germany has kept Greece afloat, because they can. They are 14 times bigger. Japan is at 6 Trillion. The US and China combined are only 24 Trillion, only 4 times larger... and China's willingness to help Japan surely must be questionable.)
Be prepared, folks
All the while keeping interest rates low.