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Forums - Politics Discussion - Obama wants unlimited credit? Sounds crazy-

Well it could be a good idea. The way we get out of recessions, get more jobs, pump economy is by spending a ton of money whether that be on credit or not. We have encouraged increased spending during recessions throughout the nations history, well at least since the idea of Keynesian economics came around. During previous recession the gov lowered interest rates, increased credit, etc. and the country always seemed to come out of recession. However, this past recession is different since simply lowering interest and increasing gov spending is not working and the gov is having a hard time figuring out what exactly will fix the economy. I'm open to Obamas idea



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Well it would allow the U.S. to be essentially like every other country. Who doesn't want to be in the same group as Somalia, Lebanon and Uzbekistan?



Tease.

So we're gonna settle the problem of debt with more debt? Sounds logical to me... -_-



Metallicube said:
So we're gonna settle the problem of debt with more debt? Sounds logical to me... -_-


I don't think the United States was ever not in debt



Used to be the president wouldn't need this power. Up until the lovely 112th.

We're also going to need to revise rules easing presidential appointments.



Monster Hunter: pissing me off since 2010.

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Obama is frustrated because the debt ceiling is doing (more or less) what it was designed to do ...



SpartenOmega117 said:
Metallicube said:
So we're gonna settle the problem of debt with more debt? Sounds logical to me... -_-


I don't think the United States was ever not in debt


yea it was never in debt except for most of its existance where it wasn't.  Debt has only come in the last 100 years, and even after then  we had debt but the US was a net creditor until the mid 80s.  



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

obama is frustrated because congress is impotent. Whenever they can't agree to a debt ceiling it looks bad to the ratings companies. If we have unlimited credit, we can still argue about money but not have to worry about looking bad. It seems sound to me.



Eh, the elections over, i'll worry about politics again in 4 years



Wouldn't that devalue the dollar in the US?

I think this problem would have never happened if Obama didn't get a second term. Now, I'm not saying he is a bad guy, I'm just saying that the republicans (Some members of Congress) don't like him and they are trying everything to hurt his creditability. They don't like the fact that he got a second term or something like that.

I don't care for politics, but I know I should. I reached that age where it should play a bigger part in my life.