Comments on Hale “Bonddad” Stewart: The U.S. is Choking on Debt Financed Expansion - Business on The Huffington Post

• Hale "Bonddad" Stewart: The U.S. is Choking on Debt Financed Expansion - Business on The Huffington Post
• The US economy has been sustained almost exclusively on borrowed money since 2001. There is a marked difference between economic growth & debt-induced demand. Instead of letting the market take its medicine & enter recession in 2001, the powers that be injected fiscal and monetary drugs to dull the pain and induce stock gains.
  

  What you’re saying is accurate Bonddad, but the real question is why didn’t the Republicans let us feel the full effects of the recession in 2000 and 2001? It would be easy to point the finger at 9-11, but that’s too easy.The real reason is to hold on to power. Anyon…

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  it is $13 trillion

  Our currency is based on debt. Without all the debt it would be worthless. That’s the way the Federal Reserve system works.

  Money As Debt
  http://video.google.com/videoplay?docid=-905047436 …

  Who gave the wife the bloody Credit Card?

  It’s ok though, the Fed will save us. They’ll just whip out more printing presses and bail out all the banks, things will be fine. Never mind that we’ll pick up the tab for it all, at least the banks will be saved.

  Anyone notice a trend?
  http://greyfalcon.net/debt.png
  http://greyfalcon.net/doonsbury.png
  http://greyfalcon.net/doonsbury.png

  Perhaps we need to realize that paying for spending via deficit loans, costs more in the long run than simply paying tax in the first place.

  WTF is going on when liberal blogs are saying “hey, wait, slow down the spending!” and they’re the ones calling for fiscal responsibility! I can’t believe I’m living in a world where Republicans are now the big spenders and liberals are calling for responsible spending. Of course, the liberals are also calling for higher taxes, which is not the answer either, but our biggest priority is to decrease the level of our debt. I just hope whoever gets in office can decrease debt by decreasing spending (no national health insurance, no subsidized home loans, etc).

  The U.S. is Choking on Debt Financed Expansion - The Huffington Post