Quote:
Originally Posted by Solace
I applaud it. This is what I wanted to hear and see, not candidates offering economic plans that may or may not happen sometime next year. This is the kind of action we need now, and the steps are pretty dramatic.
I do see people complaining about it, but it's something like having a cut. Would you rather pour alcohol on it to clean it and have it sting like crazy, or wait until the cut is infected and really starts to hurt?
The speech reminded me a bit of a tabula rasa approach (the government is basically spend a lot of reserve money to eat the debts), but no matter what the taxpayer is taking a hit. I'd rather it be as a result of the path to getting this mess fixed than it be because the financial system is collapsing.
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Er... the rest of the world has been funding the US deficit for years now. Treasury bonds are held by China and Japan, among others, to the tune of trillions of dollars. It's not just the US taxpayer. The rest of the world will have to foot part of the bill eventually, just as they have for at least the last 10 years.