The Debt Limit: Not a Credible Way to Control Spending

4 Responses to "The Debt Limit: Not a Credible Way to Control Spending"

  1. Schofield   January 12, 2013 at 10:03 am

    How strange that the Federal Reserve, a quasi arm of government, can be seen to create money from nothing to buy toxic mortgage backed securities from the private banks but Republicans and most Democrat politicians dogmatically believe that government creation of money can only be done by getting the money from the non-government sector through taxation and bond issues!

    • Tomas   January 13, 2013 at 10:40 pm

      The Federal Reserve, in contrast to the Government, exchanges its money for a marketable asset which can at some future point either be sold for that money or repaid with money plus interest. The Government on the other hand receives no asset in return and has no expectation of receiving a return of the money it spends in the future. The Government is not a bank, the Federal Reserve is.

  2. jrj90620   January 15, 2013 at 1:03 pm

    Easy answer is to outlaw govt borrowing.They have been irresponsible with credit and it should end.

  3. anum   May 30, 2013 at 9:40 am

    Sant Ritz is an upcoming new launch in District 13 at the doorstep to Potong Pasir MRT, at Sennett Estate. Developed by Santarli Corporation, it consists of 214 units and has full facilities. click here