In response to:

Geithner: Debt Ceiling Will Be Hit On Monday

Jerry555 Wrote: Dec 26, 2012 6:14 PM
It's called "quantitative easing" and it is a proven method for stimulus, for growth. Says Dinjee Harry ------------------ Yea it is called printing money to prop up the Budget, all the while borrow until you are blue in the face, then when the note comes due, you are too far in debt. Interest rates go Sky high and the debt comes due, and VOILA CRASH ZIMBABWE.
HarryReidAllAmerican Wrote: Dec 26, 2012 6:16 PM
High interest rates aren't the end of the world, either.

One could argue that LOW interest rates nearly were, due to their influence on the housing bubble debacle.
Jerry555 Wrote: Dec 26, 2012 6:21 PM
You are truly a talking points parrot, do you really know what you are talking about?

Bob F. RVN70-71 Wrote: Dec 26, 2012 6:22 PM
High interest rates in the 80's forced me out of a business that had been profitable. You evidently know nothing about economics or running a small business.
Jerry555 Wrote: Dec 26, 2012 6:16 PM
Then Dinjee can take that wheelbarrow of money and go to the market and buy a loaf of bread...

Oh no, what to do after that?

Summers Wrote: Dec 26, 2012 6:28 PM
Jerry, I think we are back to having to plant 'victory gardens'.
Jerry555 Wrote: Dec 26, 2012 6:38 PM
They will tax those too.

WIckard v Filburn?

Not a lawyer, but if you make more than you can eat...
Treasury Secretary Timothy Geithner wrote a letter to Congress today that the federal government will once more hit the statutory debt ceiling on Monday, allowing an unspecified amount of time before the government will have to shut down crucial operations merely to service its debt.

In the letter, Geithner writes that the ceiling will be hit on December 31, and even though the Treasury Department will be able to undertake "extraordinary measures" to make sure the U.S. won't experience the full effect of hitting the ceiling, there's an unspecified and unknown amount of time before a government shutdown...