Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (7836)	1/31/2012 10:17:24 AM
From: Bearcatbob	1 Recommendation Respond to of 85487

To tell a teenager he is out of money will bring pain and austerity to his life unless he changes his habit. To give states billions and not require them to change is useless. Obama gave away billions to pay off his supporters - and now the money is gone. More money without change? Not only no but hell no!

To: mel221 who wrote (7836)	1/31/2012 5:10:37 PM
From: Little Joe	Read Replies (1) \| Respond to of 85487

Krugman does not recognize the fatal flaw in his logic, In a debt money system people need borrowing power to buy to stimulate the economy iin ever increasing amounts. When they can't take on more debt it doesn't matter how much money is available people can't afford to borrow more because their earning power will not support more borrowing. We have borrowed trillions to pursue this stupid policy and increased our debt to mind boggling numbers. Krugman needs to go back to kindergarden to learn how to count. lj