Author Topic: Breaking the bad news slowly  (Read 3085 times)

LAK

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Re: Breaking the bad news slowly
« Reply #25 on: December 31, 2006, 10:36:09 PM »
Debt isn't an issue? That's an incredible assertion.

Debts don't just sit there; there is interest charged on every debt, not to mention it's effect the value of a flaoting currency. On a debt of many trillions of dollars the interest is no small amount, and over decades it is an enormous amount of money.

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The Rabbi

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Re: Breaking the bad news slowly
« Reply #26 on: January 01, 2007, 03:29:45 AM »
Debt isn't an issue? That's an incredible assertion.

Debts don't just sit there; there is interest charged on every debt, not to mention it's effect the value of a flaoting currency. On a debt of many trillions of dollars the interest is no small amount, and over decades it is an enormous amount of money.

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Anyone who thinks it is doesn't understand either debt or economics.
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