20110516 Follow Me 6

It's more likely a threat to the congress.it's just a temporary measures to raise the debt limite.The US government must find more efficient and systematic way to cut the deficit.otherwise they have to raise the debt limit again and again.maybe it's what the US congress is thinking about.

4,4
Americans are always borrowing money. More borrowing may increase activities that the government considers to be economic growth, but they are measuring the wrong things. The country and the people borrow money to live,and The economic crisis by the people all over the world to bear the consequences .

6,6
继续加油吧

1-1 for following me
'

this is my first 1# eros_zz

6,6 I‘will go on！

5,5
I am curious that how the US government decides the debt ceiling. If they can raise the debt limits just as they wish, doesn’t the potential default risk become larger?

1,1
Geithner has warned of "catastrophic" consequences and a new recession if Washington is not able to borrow more.
A divided Congress has run out of time to raise the debt limit before Monday's deadline.
This is my first time！

An increase in Treasury rates would make it more costly for a family to buy a home, purchase a car or send a child to college," he said. "It would make it more expensive for an entrepreneur to borrow money to start a new business or invest in new products and equipment."
盖特纳说：“国债利率的上升将导致一个家庭以更高的成本购买房子、汽车或供养其孩子读书，当然它也会使企业家借钱去开办新事业以及投资新的产品和设备的成本加多！”
本文来自: 人大经济论坛 真实世界的经济学 版，详细出处参考：https://bbs.pinggu.org/viewthread ... amp;from^^uid=1363602

3,3
Pliticians always have different opinions with economists. However, the worst consequences are beared by common people.