tag:blogger.com,1999:blog-8110129349217939406.post781819855419508023..comments2023-12-28T22:25:45.403-08:00Comments on Life, the Universe, and a Few Things: Will debt failure finally cause the rich to feel some pain?Josh Freemanhttp://www.blogger.com/profile/10248920527894775520noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8110129349217939406.post-1636266120746118692011-07-26T17:38:46.766-07:002011-07-26T17:38:46.766-07:00From a wise man:
C'mon Josh. Bankers with mul...From a wise man:<br />C'mon Josh. Bankers with multi-billions in cash reserves are the ones who will loan out money to the Fed at 4 or 5 times the current rates of 6 to 6 percent, as well as govt banks and treasuries around the world. The country's largest employer, won't meet its salary requirements, the states wont be able to disburse welfare and medicaid, and use any other federally funded projects such as highways, schools, public hospitals. It might be quickly remedied, but the govt bureacracy doesn't function very fast.<br /> <br />And guess who would be blamed for it. Why else do you think the Repugs are stalling by offering a free ride for 6 months when the Iowa and S Carolina nominating circuses take place. Obama's "failures," then become the major issue of the election campaign.<br /> <br />This has nothing at all to do with budget, Medicaire, Medicaid, interest rates, etc. It is only about the next presidential election.Josh Freemanhttps://www.blogger.com/profile/10248920527894775520noreply@blogger.com