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Thread: Report: debt undermines US economy

  1. #1
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    Default Report: debt undermines U.S. economy

    http://www.cnn.com/money/2011/06/08/...yment/?cnn=yes

    Is is time to just write off old debts? Apparently, people aren't spending because they are still paying off their debts. Economists (well, INTPs) have projected this process to take about five to six more years. So that means five to six more years of high unemployment.

    What I think is this: the people who run these oligarchic businesses (many of whom received tax payer bailouts) are deliberately scaling back their product until they get what they are owed. And yet... they've already been paid back what they are truly owed... what they are being paid now, is the enormous interest created by their weak hiring.

    These people are nothing but thugs. The government stands dysfunctional and unable to act. I approve vigilante justice to strike fear into the hearts of these people and coerce them to begin hiring. Obama has no one but himself to blame for his failure to act. It is his fault that law and order are breaking down in the United States. He alone bears responsibility for failing to defend the national interest.
    Last edited by tcaudilllg; 06-10-2011 at 12:59 PM.

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    Default

    updated with link and commentary.

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    Korpsy Knievel's Avatar
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    Quote Originally Posted by tcaudilllg View Post
    updated with link and commentary.
    You forgot the list of INTPs, O all-seeing eye.

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