Quote:
Originally Posted by David Newman
Up to our eyeballs in debt that simply represents the total private sector and foreign savings in the Federal Reserve that we can continue to issue and payoff on a daily basis as we have since 1971 and can continue to do without issue forever. I've used this example before, but if you ran a bank, would you worry about allowing people to deposit too much money into a savings account? Honestly, I'd like an answer to that.
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Only if you're worried about paying out the interest. The only way to lower interest obligations would be to reduce the principal. Which by default would reduce working capital? Is that what you're saying?
Dave
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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01-19-2012, 08:50 PM
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