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Senate Kills Reid Bill, New Obama/McConnell Bill Appears

2
Obdicut (Now with 2% less brain)7/31/2011 11:34:52 am PDT

re: #1 Lidane

Dear Teabaggers,

Right now, interest rates on government bonds are so low that it’s actually cheaper for the government to borrow money for current expenditures than it is to rely on future tax revenue for it. Why do you guys consider debt that’s got 2% interest as being identical to debt at 20% interest?

Why don’t you guys understand things like the velocity of money?

How do you think our society is going to survive the ever-burgeoning wealth divide between the rich and everyone else?