GOP Should Take a Stand on Debt Ceiling
Make the case for limiting government spending.
Says years of litigation would be "horrendous"
Government making the wrong kinds of spending cuts (as in, not cutting entitlements)
The loss of jobs and development is the symptom, not the disease
From financial crisis back in 2001
Cities don't have to be in trouble to dump retirees on federal taxpayers
There are fears local governments may not be able to repay
Move alarming conservatives
The president and his supporters try to downplay the continuing crisis.
The bankrupt city starts putting price tags on everything, considering sales or privatization
Says there is "no guarantee" that domestic investors will continue to fund the public debt of the world's third biggest economy
Refuse to concede that spending vastly more than you have is a problem at all
Say they never specifically advocated for austerity
If they owe money to the courts, even though jailing them is illegal
Former OMB director says decline may be irreversible
Black Swan author Nassim Nicholas Taleb on fragility, centralization, and capitalism
Not looking for graduates crushed under debt
Learning finance the hard way
The two have been arguing over how best to deal with (or not deal with national debt
After decades of over spending, European nations are now being forced to adopt serious debt control measures.
Which explains pension problems, Social Security, Medicare, government debt ...
Said back in 2004 he intended to force America into bankruptcy
Jeffrey Rogers Hummel on Ending the Fed, Privatizing Money, and Why the Welfare State Will Fall
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