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

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    Economists: Failure to raise debt limit could lead to recession

    Economists: Failure to raise debt limit could lead to recession - The Hill's On The Money

    The letter is signed by 235 prominent economists, including six Nobel Laureates, and was released by the groups Wednesday.

    "We, the undersigned economists, urge Congress to raise the federal debt limit immediately and without attaching drastic and potentially dangerous reductions in federal spending. Not doing so promptly could have a substantial negative impact on economic growth at a time when the economy looks a bit shaky. In a worst case, it could push the United States back into recession," the letter states.

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

    1st line of the article: "Economists organized by the liberal Economic Policy Institute and Center for American Progress have written a letter to Congress..."

    The 1st word in your title should have been "Liberal Economists: Failure to raise..."

    Talk about a misleading title about a biased letter with a dash of appeal to authority.
    Last edited by Spartacus FPV; 07-02-11 at 03:06 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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

    Quote Originally Posted by Lachean View Post
    1st line of the article: "Economists organized by the liberal Economic Policy Institute and Center for American Progress have written a letter to Congress..."

    The 1st word in your title should have been "Liberal Economists: Failure to raise..."

    Talk about a misleading title about a biased letter with a dash of appeal to authority.
    I was under the impression that the title of the thread has to be the exact title of the article.

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

    Quote Originally Posted by BDBoop View Post
    I was under the impression that the title of the thread has to be the exact title of the article.
    You're right, I meant the 1st word in "The" title not "your" title. The point however remains.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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

    So "liberal" cancels out "Nobel Laureate" and "prominent" as well. Yes? Not to mention the sheer numbers.

    And

    The International Monetary Fund also formally warned the U.S. to quickly raise the ceiling on Wednesday.

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

    Quote Originally Posted by BDBoop View Post
    So "liberal" cancels out "Nobel Laureate" and "prominent" as well. Yes? Not to mention the sheer numbers.

    And
    No, i consider the mention of the nobeluareates and #'s to be mere appeals to authority and population, not arguments themselves for raising the debt ceiling.

    EDIT: I am reading the full letter now since you didn't post any of its arguments.
    Last edited by Spartacus FPV; 07-02-11 at 03:16 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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

    Quick question. How many times was the debt ceiling raised on Bush's watch?

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

    Also of interest.


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

    Quote Originally Posted by BDBoop View Post
    Quick question. How many times was the debt ceiling raised on Bush's watch?
    I don't know, nor do I consider it relevant because I would have been opposed to those increases as well. When you're sick the cure is not more of the poison that got you sick. When you are broke, and your credit cards are maxxed out you do not take out another card.

    Quote Originally Posted by BDBoop View Post
    Also of interest.

    The man has a history of blatant dishonesty and has an interest in raising the debt ceiling. Further deficits and debasement of our currency are the very purpose of his monetary policy ideals.
    Last edited by Spartacus FPV; 07-02-11 at 03:19 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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

    And nor do you raise taxes on the wealthy, I assume.

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