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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jamie153 who wrote (1215743)	4/1/2020 2:02:56 PM
From: Sdgla	Read Replies (1) \| Respond to of 1575608

The debt rose because a dem house, senate & president doubled it. Uneducated drone Dems continue the tradition... that will in end in nov with a GOP SWEEP.

To: Jamie153 who wrote (1215743)	4/1/2020 2:16:37 PM
From: RetiredNow	Respond to of 1575608

They didn't. Y2K and 9/11 collapsed the economy, which led to the Fed blowing a housing bubble, which inevitably burst, creating the liquidity and financial crisis, which lead to a massive increase in debt. That had nothing to do with Democrat or Republican Presidents. It had everything to do with the Fed's loose policies creating moral hazard in the free markets. Get rid of the Fed and we get rid of 90% of the variation in our business cycle and a good deal of the misallocation of capital. In addition, it will force the Congress and Treasury to manage our deficits and debt better, because the price of debt will be set in the free markets instead of manipulated by the Fed. That will do more than any President can do to keep our debt at manageable levels. What I have written above is plain old common sense, which is in catastrophic short supply nowadays with people like you being uneducated as to how our financial and economic systems work, as well as your hyper partisanship getting in the way of clear eyed thinking.