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underpants

(190,046 posts)

4. Weirdly we need some debt.

Reply to Midnight Writer (Original post)

Mon Mar 24, 2025, 01:44 PM

Mar 24

For example: What do you do with the money that comes out of people's paychecks for Social Security? Now, a lot of that money gets invested in –- you guessed it — Treasury bonds. If there are no Treasury bonds, what do you invest it in? Stocks? Which stocks? Who picks?

In the end, Seligman concluded it was a good idea to pay down the debt — but not to pay it off entirely.

"There's such a thing as too much debt," he says. "But also such a thing, perhaps, as too little."

https://www.npr.org/sections/money/2011/10/21/141510617/what-if-we-paid-off-the-debt-the-secret-government-report

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MadameButterfly love_katz erronis markodochartaigh Midnight Writer Unwind Your Mind

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Highlight:

My response to Republicans: If W Bush and Trump had not pushed tax cuts, the Federal debt would be gone by now. [View all] Midnight Writer Mar 24 OP

They will always try to do that. There is no logic to what they do. Walleye Mar 24 #1

Think how morally bankrupt and generally miserable you have to be MadameButterfly Mar 24 #2

I know, rich people always want more money, but I think the motivating force behind Elon is sadism. Or revenge Walleye Mar 24 #3

I think he's confused and changing his mind MadameButterfly Mar 24 #5

I'm guessing the muskrat will do whatever he wants depending on his drug dosage, etc. erronis Mar 24 #8

Weirdly we need some debt. underpants Mar 24 #4

A weird strange problem which I wish we still had MadameButterfly Mar 24 #6

Thank you. This is like a Zombie Lie as Mr. Mustard 2023 Mar 24 #7

Krugman zombie lies: erronis Mar 24 #11

"satisfying the lust of the rich" is an impossible task. They are addicted. erronis Mar 24 #9

It is possible to satisfy need. markodochartaigh Mar 24 #12

Is "lust" need or greed? erronis Mar 24 #13

I think that lust, like greed, is an emotion. markodochartaigh Mar 24 #15

Co-Prez Musk wants us to pay for his Mars dream. SleeplessinSoCal Mar 24 #10

Economics reminds me of religion: you can always find someone to tell you what you want to hear with Ol Janx Spirit Mar 24 #14

Don't forget Saint Ronnie. n/t Chemical Bill Mar 24 #16