MattStafford: Was I wrong? What would happen if bond yields returned to their historical average? Obviously, we couldn't afford to borrow as much as we do, and would have forced austerity - very similar to what Greece is going through. Oh - I forgot, our bond yields will stay historically low forever and the dollar will be the global reserve currency for a million more years. Get your heads out the sand.
MattStafford: Flab: It's almost as if your graph answered the other question you had earlier. Look at who else is buying those T-bills: Europe and Canada.Europe? Broke as all fark, about to collapse into social unrest Europe? We're going to rely on them to lend us money? You guys are delusional.
Evil High Priest: You are an economist, right?
Fart_Machine: Evil High Priest: You are an economist, right?He plays one on the internet.
bgilmore5: Shouldn't we have been conquered by the Russians, Iranians, Chinese, or North Koreans by now? I could have sworn the Republicans cried about our security vulnerabilities. Surely, our enemies that spend way less than 10% on their militaries are going to take advantage. OMG, they are talking about canceling air shows. I've never understood why we waste so much money on those things anyway.
dukeblue219: Same way if you lose your job, even if you have no savings, you don't find yourself in a box on the street corner the very next morning.
lantawa: The sequester is good for the United States of America. There, I've written it. I don't really see what the big problem is. Anecdotal and local effects of the sequester must be endured, adapted to, and overcome. Generate value through innovation. Generate revenue through indepedent work. Create. Work.
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