Comments on: Time to avoid Uncle Sam’s debt, buy U.S. states’? http://blogs.reuters.com/breakingviews/2011/01/27/time-to-avoid-uncle-sams-debt-buy-u-s-states/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: breezinthru http://blogs.reuters.com/breakingviews/2011/01/27/time-to-avoid-uncle-sams-debt-buy-u-s-states/comment-page-1/#comment-6187 Mon, 31 Jan 2011 03:49:01 +0000 http://blogs.reuters.com/columns/?p=5203#comment-6187 I can’t imagine that anyone will be willing to invest in an additional 5 trillion in American debt if we don’t make a paradigm shift in how we manage our money.

What if we gave a bond party and nobody came but the Federal Reserve? I guess we could always ask the Fed to print up a 15 trillion dollar batch of cash and give it to the Treasury Department.

Where is the Can Do resolve that was once so famously American? How can Congress look at a problem that big and still employ the same tired old games to dodge the responsibility of finding a solution?

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By: whaddabuncha http://blogs.reuters.com/breakingviews/2011/01/27/time-to-avoid-uncle-sams-debt-buy-u-s-states/comment-page-1/#comment-6177 Sun, 30 Jan 2011 23:45:28 +0000 http://blogs.reuters.com/columns/?p=5203#comment-6177 Using projections going out to 2084 and calculating, when almost anyone alive today would be long gone, are terribly misleading These projections are useful to actuaries but have limited political or societal relevance. Social Security, as any fair minded economist (Dean Baker, Paul Krugman) requires minor adjustments to be back on track. Medicare and medicaid are the big problem. Until the excess profits are removed from the reimbursement rates given to private insurers or a public option is allowed, only then can we begin to get a handle on this juggernaut.

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