To: Dr. Sivana
Perhaps a mechanism needs to be created.... It is a sound business policy that works at the micro level. Worth a try.
6 posted on
05/06/2016 5:44:04 AM PDT by
ArtDodger
To: ArtDodger
Perhaps a mechanism needs to be created.... It is a sound business policy that works at the micro level. Worth a try.
You cannot try it UNTIL the deficit spending is brought under control. No one will buy the new bonds that fund our deficit when the old ones aren't paid at face value.
25 posted on
05/06/2016 6:12:44 AM PDT by
Dr. Sivana
("There is no limit to the amount of good you can do if you don't care who gets the credit."-R.Reagan)
To: ArtDodger
You do realize that is why companies pay so much more for borrowing on much small amounts of money, don’t you?
On the other hand, this is exactly what states and local governments should do when theor outrageous pension promises become unsupportable.
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