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View Diary: The World sees our National Debt differently than Austerity Hawks do (23 comments)

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  •  the leisure class can do without (2+ / 0-)
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    hannah, jamess

    if i'm understanding this diary's premise properly, the takeaway is that, despite the depredations of wallst and the fiscal fiasco, the world's financial institutions prefer to loan us money, even if in the worst case they won't make a profit, or even lose somewhat;

    but the idea they're operating under is that they're probably going to do better than break even

    that is the idea that we need to make understood by the populace at large

    because this is such a boost for americans to know:

    we're one place the world expects to remain vital

    •  exactly (0+ / 0-)

      thanks for the insightful summary isabelle hayes.

      that was my main point.

      that, and that the world still looks to us lead,

      Lead the way towards solving the challenges of the 21st Century.


      Here's how the game is really Rigged.

      by jamess on Sun Feb 03, 2013 at 04:05:44 PM PST

      [ Parent ]

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