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Arrowhead Research Corp. Message Board

  • panama53red panama53red Oct 14, 2013 8:11 AM Flag

    Republicant B.S. over Debt has

    kept a lid on Arrowhead PPS.

    Short term extension on Debt ceiling we go to Double Digit PPS.

    Republicants will implode this week like a cheap pump tent on a windy blowhard day.


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    • Fact: DEBT kills businesses and governments.

      Debt Limit is the law - accept it.

      • 1 Reply to dmorfey
      • Neither Republicans nor Democrats, even those with sincere concerns on either side of the aisle, demonstrate, at least explicitly, any real knowledge of how our monetary system actually operates.

        Comparing households or businesses, or even local and state governments - all exclusively USERS of a particular currency - with a sovereign govt. that BOTH uses AND issues its own free floating currency (not pegged to any other currency or any other thing, such as gold) is comparing apples and oranges. Note that Greece, and other users of the Euro, are users only, not issuers of their own free-floating currency. Such nations, without significant outer intervention, can indeed go bankrupt.

        We face all sorts of real problems in the US - for a few examples, under- and mis- use of our productive capacity, problems with actual resources, inflation when at or approaching productive capacity, and several other real current or potential problems.

        But bankruptcy of a sovereign entity that issues its own free floating currency is not one of them -UNLESS our congress voluntarily allows or actively seeks it to happen.

        When Democrats use the fear of national debt to push higher taxation and Republicans use the fear of national debt to push spending cuts... Instead of what is really more foundational to their political philosophy (whether govt should play a greater or lesser role in our society and in what ways - the basis for an honest debate), neither seems to know much about what they are dealing with.

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