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A4OThe problem with that is if Obama bails out Detroit it sends...

  1. plainsailing
    803 Posts.
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    22/07/13
    13:04
    Post #: 12093407
    A4O

    The problem with that is if Obama bails out Detroit it sends a message to every other municipality and state that they can continue to spend and borrow like there's no tomorrow.

    Some how some one some where some time is going to have to face up to the facts.

    QE can't be infinite as eventually the interest charges won't be able to be repaid.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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