On Monday, May 18, 2009 at 21:49:39 (-0400) Doug Henwood writes: > >On May 18, 2009, at 9:43 PM, Max B. Sawicky wrote: > >> Deficits are a fall-back. > >No. Except as a countercyclical stimulus, they're an evasion. And as >Jim O'Connor once said, public debt increases capital's power over the >state. When it gets big enough, rolling it over becomes a serious >problem.
As Clinton said, the problem is the "fucking bond traders". Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
