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To: Hawkmoon who wrote (32871)	5/30/2012 12:54:06 PM
From: Kirk ©	3 Recommendations Read Replies (1) \| Respond to of 218713

"Was just trying to explain to a friend of mine this morning as to why Obama really had no choice other than to nearly double the US national debt. Interest rates were threatening to go to literally 0% as capital fled equities, real estate, and went into bonds and cash. So when there is such huge demand for bonds, the only way to prevent yields from going to 0% is to increase the supply (deficit spending)." You kidding? By your theory, why would the Fed have QE1 and QE2 then Operation Twist to spur the economy by pushing rates lower? Obama borrowed money out the yazoo to keep people employed. The trouble is too many are government jobs that self justify too high salaries by saying they have an education bubble degree... same nonsense CEOs use to over pay themselves by comparing themselves to other CEOs rather than workers under them who could/should replace them at 1/10th the cost. Back to too many government jobs... they are not efficient use of capital so the spending hasn't created enough new jobs.... The system is rigged for the very rich, the medical and legal industries, those making high government salaries (when you add in pensions) and those profiting from huge war efforts (when was the last time you read or saw any news about how much profit is coming from having so many Americans maimed or killed in some war I have no clue how it benefits me... especially if we put the money into energy self sufficiency while giving the finger to the Middle East.)