Comments on: The Current Debt Crisis: Have We Really Reached the Point of No Return? http://www.investmentu.com/2010/June/the-current-debt-crisis.html Investment Advice and Investment Research with a Contrarian Point of View Thu, 09 Feb 2012 16:06:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dumb P http://www.investmentu.com/2010/June/the-current-debt-crisis.html#comment-58413 Dumb P Mon, 05 Jul 2010 05:23:44 +0000 http://www.investmentu.com/2010/June/the-current-debt-crisis.html#comment-58413 Please do not confuse a run on a bank with a national bankruptcy. One example does not a case make. Empires from India west to Spain and nearly everywhere else in the world have imploded due to suffocation by over-indulgence. Somebody must buy the debts governments issue. That money is then unable to invest in companies that would otherwise use the money to hire workers. Even if that debt does not fell the government, it is bad for jobs. Furthermore, the taxes raised to pay that debt will cost more jobs. Deficit spending means offering one job today at the cost of two jobs tomorrow. Please do not confuse a run on a bank with a national bankruptcy.
One example does not a case make.
Empires from India west to Spain and nearly everywhere else in the world have imploded due to suffocation by over-indulgence.

Somebody must buy the debts governments issue. That money is then unable to invest in companies that would otherwise use the money to hire workers. Even if that debt does not fell the government, it is bad for jobs. Furthermore, the taxes raised to pay that debt will cost more jobs. Deficit spending means offering one job today at the cost of two jobs tomorrow.

]]> By: Tweets that mention The Current Debt Crisis -- Topsy.com http://www.investmentu.com/2010/June/the-current-debt-crisis.html#comment-55451 Tweets that mention The Current Debt Crisis -- Topsy.com Thu, 17 Jun 2010 04:02:41 +0000 http://www.investmentu.com/2010/June/the-current-debt-crisis.html#comment-55451 [...] This post was mentioned on Twitter by IRG BOP, Ron Frey. Ron Frey said: The Current Debt Crisis: Have We Really Reached the Point of No Return? http://bit.ly/bu0YK3 [...] [...] This post was mentioned on Twitter by IRG BOP, Ron Frey. Ron Frey said: The Current Debt Crisis: Have We Really Reached the Point of No Return? http://bit.ly/bu0YK3 [...]

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