Page 7 of 15 FirstFirst ... 56789 ... LastLast
Results 61 to 70 of 142

Thread: Economists: Failure to raise debt limit could lead to recession

  1. #61
    Professor xpiher's Avatar
    Join Date
    Apr 2011
    Last Seen
    04-23-12 @ 10:33 PM
    Gender
    Lean
    Libertarian
    Posts
    1,993

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by CarlF View Post
    I don't see how defaulting on any of our debt is going to help the economy. I've read five pages into this thread and no one's done anything but bicker about the economists listed or something similar instead of actually discussing the effects of failing to raise the debt ceiling.
    You want to know the effects? Great Depression version 2. I could explain why in detail, but all you really need to know is what caused the great depression (other than bad farming techniques) and you'll see the coming cluster ****
    Hayek - too liberal for republicans

  2. #62
    Banned
    Join Date
    Feb 2011
    Location
    Everywhere and Nowhere
    Last Seen
    03-07-12 @ 03:28 AM
    Lean
    Independent
    Posts
    3,692

    Re: Economists: Failure to raise debt limit could lead to recession

    ...and passing the debt ceiling will just be delaying the inevitable, as well as encourage more unwise spending.

    I want to see a third option. Otherwise, let the whole system collapse. I'll grab popcorn.

  3. #63
    User CarlF's Avatar
    Join Date
    Jun 2011
    Last Seen
    07-31-11 @ 03:27 PM
    Gender
    Lean
    Libertarian
    Posts
    125

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by xpiher View Post
    I could explain why in detail,
    Please, do, otherwise there's really no point to this thread.

  4. #64
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    You must be surprised that economists do not see it your way.
    Not at all. They do not all have to see things the way I do. That's what makes things interesting. It would be pretty boring if everyone thought exactly alike.

  5. #65
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by xpiher View Post
    Here is the problem. We can do all that stuff and it would be good. However, doing it all at once, under duress, will be too much of a shock. It will lead people to make bad decisions, based on knee-jerk reactions. Removing these programs slowly, is the best option.
    Not at all. People would feel far better about our future and their ability to stave off large new taxes and then would act more normal.

  6. #66
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by CarlF View Post
    I don't see how defaulting on any of our debt is going to help the economy. I've read five pages into this thread and no one's done anything but bicker about the economists listed or something similar instead of actually discussing the effects of failing to raise the debt ceiling.
    Wow, and to think I thought I noted what would have to happen.

  7. #67
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by 1Perry View Post
    Not at all. They do not all have to see things the way I do. That's what makes things interesting. It would be pretty boring if everyone thought exactly alike.
    Yep everyone has a right to their opinion. For myself, I'll go with the expert opinion of the economists that warned failing to raise the debt ceiling will only make the recession worse. That's not the direction I want the country to go.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  8. #68
    Professor xpiher's Avatar
    Join Date
    Apr 2011
    Last Seen
    04-23-12 @ 10:33 PM
    Gender
    Lean
    Libertarian
    Posts
    1,993

    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Temporal View Post
    ...and passing the debt ceiling will just be delaying the inevitable, as well as encourage more unwise spending.
    It will not lead to the delay if its being done in a responsible method. Neither party is currently advocating this.


    Quote Originally Posted by CarlF View Post
    Please, do, otherwise there's really no point to this thread.
    To explain in detail would require me to write an entire 20-30 page essay. I will simply limit it to this one statement: The great depression was largely caused by a sudden and global retraction of credit which cause business to not be able to meet their day to day obligations, despite sound business practices. If the US default, the same will happen because the entire world's credit market is currently being upheld by USGOV debt.
    Last edited by xpiher; 07-06-11 at 05:32 PM.
    Hayek - too liberal for republicans

  9. #69
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Economists: Failure to raise debt limit could lead to recession

    Okay. All of you who are claiming it's just democratic rhetoric: Find me a conservative/republican who thinks it's a good idea to default on the debt.

    I'll wait right here.

    I leave you with this article.

    House Speaker Boehner warns against debt default | Reuters

  10. #70
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: Economists: Failure to raise debt limit could lead to recession

    Not Raising The Debt Limit does not equate Default............

    ....The US Government has plenty of monthy revenues to pay its Foreign obligations........primarily interest on all our liberal subprime borrowing to nowhere.....and enough money to cover a majority of operating expenses and obligations here at home......everything else comes to a screeching hault.......unless The Kenyan Tyrant tries to go around Congress, which is probable.....unless Democrats cant manage to cut anything, not even a Cowboy Poetry Contest, and intentionally default.

    $14,000,000,000.00 in the hole....my Grandchildren's grandchildren bankrupt........The Most Expensive President in History in the Whitehouse.........and 95 Debt limit increases later.........

    ......either make significant spending cuts or vote down the debt limit increase.....I say.
    .
    .
    .

Page 7 of 15 FirstFirst ... 56789 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •