Posted 5 years ago on Oct. 9, 2012, 2:56 p.m. EST by udacious
from Plattsburgh, NY
This content is user submitted and not an official statement
Investors will fear default and quit buying our bonds if American debt gets too large. Why are we borrowing excess wealth that investors have no productive use for and paying them interest, instead of taxing them for it and avoiding debt?
If they're lending it to US they're not creating jobs with that which we don't tax. The only way it creates jobs is if the government uses it to grow and put people to work in the process.
Are the cons crazy or just plain stupid? Run, Forest, run!