Skip to main content

View Diary: Why The Debt Limit Fight Will Be A Political Face-Off With No Gimmicks Or Constitutional Crisis (208 comments)

Comment Preferences

  •  I don't know which article that is. He's (0+ / 0-)

    fairly prolific in documenting his opinions.  Doing some googling I found him saying:
    http://krugman.blogs.nytimes.com/...
    and
    http://krugman.blogs.nytimes.com/...

    I know basic economic thinking is that debt exceeding 90% of GDP measurably slows growth, consequently a position of 70% would give a safety margin.  My post was an expression of doubt that the competing interests will truely come to a solution to the ills rather a continuation of politics as usual.  (I did mean 7%, as in 1T is appx 7% of 14T)
    Having said that, since the wealthy require growth for their own self interests, perhaps there's enough motivation for them to actually give some ground on the revenue side.

    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking. A. A. Milne

    by Memory Corrupted on Mon Jan 14, 2013 at 08:03:28 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (143)
  • Community (60)
  • Elections (39)
  • Civil Rights (36)
  • 2016 (32)
  • Culture (32)
  • Economy (27)
  • Law (27)
  • Texas (26)
  • Environment (26)
  • Baltimore (26)
  • Bernie Sanders (25)
  • Labor (23)
  • Hillary Clinton (22)
  • Barack Obama (19)
  • Rescued (19)
  • Health Care (18)
  • Republicans (18)
  • International (17)
  • Freddie Gray (16)
  • Click here for the mobile view of the site