MORE NUMBING OF THE ELECTORATE AND POLITICIANS?: Treasury Investors Seek Signs of Easing - WSJ.com: "- Sent using Google Toolbar"
A question of 'numbing' comes to mind - i.e. is both the government and public being numbed into believing that the world is going to continue to allow the US government to borrow at Japanese type interest costs?
Policies coming out of Washington are much more like those of Greece than Germany - for example.
And, Greece is reeling from having to suddenly pay 11% vs. 3-4% for debt it issues (EU subsidies excluded).
Some of us recall when US interest rates were close to 20%.
Isn't it time to think more about tackling the problems holding the economy back rather than think they can be obfuscated and avoided by letting the government borrow even more money?
Monday, August 30, 2010
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