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


To: Jorj X Mckie who wrote (40119)3/17/2013 9:31:47 PM
From: i-node2 Recommendations  Read Replies (1) | Respond to of 85487
 
No, it isn't -- and I think over time this is a substantial threat for us. It is folly to assume these interest rates are going to continue forever, and when they pop it will be devastating.

I heard a conservative radio talk show host last week quoting a Democrat -- I can't remember who the quote was attributed to -- but he said, "When you start talking about a number bigger than $25,000,000, you lose essentially the entire American public". I think this is true to a large extent.

Most people just have no idea what it means when you say, "Our debt is $17,000,000,000,000." It might as well be $25,000,000 to them. Same thing.