Interest Payments at Historic Low - There is No Debt Crisis

Robert Pollin: Interest payments on US debt well below average, there is time to deal with long-term debt

Category:

News & Politics

Tags:

• Interest
• Payments
• Historic
• Low
• Debt
• Crisis
• Robert
• Pollin
• payments
• US

[frepi]

Note to Real News Staff: For multiple parts interviews, please keep the same title for the whole serie and add a suffix like "p\" ort "part #" for each part. Often we do not find the parts because the title of each part is different.

[maabdou2000]

This prof.telling the truth and the logic. all this problem cam from the stimulus that bush urged for to lend the rich people more and more money.

Bush started two unnecessary wars to serve the rich people factories and business, then this wars brough this recession to the US economy.

not only that, it has destroyed the US image worldwide.

[TallFastLoud]

@bammbamm12 not a response to the actual content of my comment.

[bammbamm12]

@TallFastLoud - economics is moral you dolt. If you can't see that, then oink oink, meow, ruff ruff, cock a doodle do.

[TallFastLoud]

@bammbamm12 You again didn't answer my question, you instead continue to be vague and use moralism instead of actual economic theory. Who's going to call the principal in? If borrowing is so bad, why hasn't it been a problem yet? What evidence is there that borrowing in and of itself is a burden on financial growth? What level of debt/gdp ratio is an impediment to growth and how do you derive that? You simply assert that debt itself is bad. You don't have to play any games, just answer...

[bammbamm12]

@TallFastLoud - What are the perils of borrowing? Look, I don't want to play a game of stupid. The perils of borrowing are that you are taking in advance things that your children will pay for tomorrow. So they're working tomorrow for our yesterday. Instead of burdening the younger generation with our debt, we should be setting money aside for them. Now begone!

[TallFastLoud]

@bammbamm12

what perils of borrowing? you can't just assert that. give me an actual argument. you do understand that China just keeps rolling over the bonds, right? why would they call in the principal? there's not really a better place to put it. hell, let me push even more and say -- what perils of default? Argentina's not doing so shabby these days, and nowhere near what VSP were predicting...

[Edward70707]

What needs to be done is cancel 100% of the money lent to to US Goverment created by the Federal Resurve and classifly it as DUET FREE Money . This would reduce some of the National Duet. And to us Deut free Money to ether pay down some of the nation Duet or us it to stimulate the Eccomony with instructure projects.

[iscorpio]

@ThisIsNotPictureTube i agree great unheard points even now

[Fifty1stState]

@frepi Agreed, this doesn't even have part #1. This is a littlebug bear, but on the plus side you sometimes watch something totally random not connected to the series!

[ThisIsNotPictureTube]

excellent points

[kd1s]

And I can tell you where most of the stimulus funds went in my state. It didn't really create any jobs here per se.

What it did was purchase nearly 100 hybrid buses for RIPTA. It funded projects like sidewalk replacement, signal replacement, etc.

But it was all one shot.