Is our nations debt really a "manufactured crisis"?

No, and as we head into a NEW recession with employment already at +9%, no one willing to buy our bonds, massive deficits, and NO one seeking the "realtive" safety of the dollar.....the clueless president in charge will run ANOTHER stimulus....and we're officially junk status.

It is, but blaming the Tea Party is an empty gesture. The corporate Oligarchs that own all of Congress want the New Deal gone and The Great Society obliterated . It will continue to disappear as it has for the past 25 years. Your choice of political parties is a choice only in terms of the rate of speed at which it and the Middle class become a thing of the past.

It is a true crisis, but the only problem is that this crisis has been going on for decades and only now are we addressing it. Blame whoever you want, but it is going to be felt by everyone. Everyone except the people truly responsible for it which is companies and billionaires making a quick buck off of Americas future. You can only hide from that massive of debt for so long before it catches up with you and we become the laughing stock of the world.

Marv, now I could desire to take your economics card. i'll take your argument piece via piece. First, the national Debt is a actual debt. each and each bond subject is retired or paid via issuing the successive bond subject. The debt is paid. there's no could desire to have severe interest or burden to qualify as a debt, basically interest and an criminal accountability to pay off. 2d, or national Debt has had important advantageous factors and losses. i could urge you to seem a bond expenses from the 1970's to the 1980's. yet as quickly as returned that has no touching on whether it quite is a debt. If via reducing the debt you advise paying part of the debt, that's incomprehensible, as a controversy of debt matures it quite is paid via issuing greater debt. 0.33, basically because of fact the debt has by no ability decreased, does no longer mean it won't be able to. you could no longer undertaking the destiny. So here is the ingredient, the bonds are traded and the linked fee of interest is desperate via furnish and demand. at the instant, the Fed is arising call for and reducing the interest of our bonds. If there's a greater suitable bond subject it won't remember because of Fed coverage. apart from, the popularity of a bond isn't purely in keeping with yield yet in keeping with possibility/return. If the call for for our bonds shrinks then the yields will upward push. this could take place for some reasons, the main threatening of those reasons is as debt provider on our bonds suggestions-set tax revenue. whilst that happens the ponzi scheme is over. in spite of the undeniable fact that, you're partly ultimate suited approximately electorate. electorate could desire to agonize approximately growth interior the financial equipment. growth will inevitably create greater tax revenue and greater jobs. If this happens there is an threat that we are able to shift spending from helping people who're gathering to arising infrastructure and persevering with growth.

Yes, every Congress and President that increased the Debt, did so willingly/knowingly. Thus it was manufactured

no..its a reality..and you'll be feeling it for a long time comin

I don't think so

http://www.usgovernmentspending.com/federal_debt_c...