The manufacture and manipulation of fear
Wrights 2012 Liberty For All
by R. Lee Wrights
07/23/11
For example, everyone is screaming that we must raise the debt ceiling or catastrophe will strike our beloved nation. Unfortunately, catastrophe is already upon us with the enormous burden of debt all Americans must endure as their livelihoods are taxed away. The only thing that can make it any worse is going deeper into debt. It is foolish to believe that America can solve her debt problem by plunging even deeper into debt. But mark my words, the fear of what might happen if we don t will win the day, and once again the debt ceiling will be raised...
http://www.libertyforall.net/?p=6265
Deconstructing the debt ceiling debate
Las Vegas Review-Journal
by Vin Suprynowicz
07/28/11
The federal government has set a new debt 'ceiling' 11 times in the past decade. ... Eleven times they have hit the ceiling, and 11 times they have simply raised it again. Why? What unforeseen emergency came up? A nuclear war with China? California fell into the ocean? The glaciers have reached Cleveland and are still pushing south?
http://tinyurl.com/42a3zb9
Apocalypse nigh?
CounterPunch
by Alex Cockburn
07/24/11
The fight over the deficit is one of those American ceremonies, as embalmed in ritual speech and gesture as an English coronation. ... In this latest ritual enactment the Republicans are faring badly, losing in the opinion polls because many of them are insane and increasingly perceived as such by the American electorate, magnificently tolerant in such matters. There s nothing like hearing that you might not get your Social Security check next Wednesday to concentrate the mind...
http://counterpunch.org/cockburn07222011.html
The debt limit mess
Future of Freedom Foundation
by Sheldon Richman
07/22/11
The U.S. government has run up a debt of more than $14 trillion, nearly the size of the economy s annual output - and it?s not enough! So the politicians want to borrow $2.4 trillion more. But the need congressional authorization. That s what Washington is in a tangle about these days...
http://www.fff.org/comment/com1107q.asp
There is life after default
Ludwig von Mises Institute
by Peter G. Klein
07/22/11
In following the debates over raising the US debt ceiling, I am struck by the frequent claim that defaulting on public debt is unthinkable because of the 'signal' that would send. If you can t rely on the T-bill, what can you rely on? Debt instruments backed by the 'full faith and credit' of the United States are supposed to be risk-free - almost magically so - somehow transcending the vagaries of ordinary debt markets. The Treasury bill, in other words, has become a myth and symbol, just like the Constitution...
http://mises.org/daily/5476/There-Is-Life-after-Default
The truth about the debt ceiling
The Libertarian Standard
by Geoffrey Allan Plauche
07/27/11
Failing to raise the debt ceiling will not necessarily result in default. The federal government has plenty of revenue to cover interest payments, even if it must shift that money out of other parts of the budget. Any claims of immediate default and imminent financial collapse are disingenuous fearmongering designed to fool a gullible and economically ignorant public and force an increase of the debt ceiling and an increase in taxes...
http://tinyurl.com/3pm2d2m
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+collapse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=apocalypse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=R.+Lee+Wrights
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Vin+Suprynowicz
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Alexander+Cockburn
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sheldon+Richman
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Geoffrey+Allan+Plauche
-----
by R. Lee Wrights
07/23/11
For example, everyone is screaming that we must raise the debt ceiling or catastrophe will strike our beloved nation. Unfortunately, catastrophe is already upon us with the enormous burden of debt all Americans must endure as their livelihoods are taxed away. The only thing that can make it any worse is going deeper into debt. It is foolish to believe that America can solve her debt problem by plunging even deeper into debt. But mark my words, the fear of what might happen if we don t will win the day, and once again the debt ceiling will be raised...
http://www.libertyforall.net/?p=6265
Deconstructing the debt ceiling debate
Las Vegas Review-Journal
by Vin Suprynowicz
07/28/11
The federal government has set a new debt 'ceiling' 11 times in the past decade. ... Eleven times they have hit the ceiling, and 11 times they have simply raised it again. Why? What unforeseen emergency came up? A nuclear war with China? California fell into the ocean? The glaciers have reached Cleveland and are still pushing south?
http://tinyurl.com/42a3zb9
Apocalypse nigh?
CounterPunch
by Alex Cockburn
07/24/11
The fight over the deficit is one of those American ceremonies, as embalmed in ritual speech and gesture as an English coronation. ... In this latest ritual enactment the Republicans are faring badly, losing in the opinion polls because many of them are insane and increasingly perceived as such by the American electorate, magnificently tolerant in such matters. There s nothing like hearing that you might not get your Social Security check next Wednesday to concentrate the mind...
http://counterpunch.org/cockburn07222011.html
The debt limit mess
Future of Freedom Foundation
by Sheldon Richman
07/22/11
The U.S. government has run up a debt of more than $14 trillion, nearly the size of the economy s annual output - and it?s not enough! So the politicians want to borrow $2.4 trillion more. But the need congressional authorization. That s what Washington is in a tangle about these days...
http://www.fff.org/comment/com1107q.asp
There is life after default
Ludwig von Mises Institute
by Peter G. Klein
07/22/11
In following the debates over raising the US debt ceiling, I am struck by the frequent claim that defaulting on public debt is unthinkable because of the 'signal' that would send. If you can t rely on the T-bill, what can you rely on? Debt instruments backed by the 'full faith and credit' of the United States are supposed to be risk-free - almost magically so - somehow transcending the vagaries of ordinary debt markets. The Treasury bill, in other words, has become a myth and symbol, just like the Constitution...
http://mises.org/daily/5476/There-Is-Life-after-Default
The truth about the debt ceiling
The Libertarian Standard
by Geoffrey Allan Plauche
07/27/11
Failing to raise the debt ceiling will not necessarily result in default. The federal government has plenty of revenue to cover interest payments, even if it must shift that money out of other parts of the budget. Any claims of immediate default and imminent financial collapse are disingenuous fearmongering designed to fool a gullible and economically ignorant public and force an increase of the debt ceiling and an increase in taxes...
http://tinyurl.com/3pm2d2m
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+collapse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=apocalypse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=R.+Lee+Wrights
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Vin+Suprynowicz
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Alexander+Cockburn
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sheldon+Richman
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Geoffrey+Allan+Plauche
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Starmail - 25. Jul, 08:41
