Skip to main content

View Diary: The Single Fact that Explains Why this Recovery is Slow (100 comments)

Comment Preferences

  •  This needs to be broken down between pay-down (2+ / 0-)
    Recommended by:
    Odysseus, StrayCat

    versus debt-cancellation.  All of those municipalities and other government entities slashing if not outright cancelling pensions are knocking down debt.  So are the romney-botomatics that put companies through banckruptcy to access the pensions for dividend payouts to the vultures.

    Both of the above actions reduce debt, but they do it through cancellation of money owed (some might call it theft).  That is not a good way to reduce debt, and does not represent pent-up demand, it represents servitude.

    and their contempt for the Latin schools was applauded by Theodoric himself, who gratified their prejudices, or his own, by declaring that the child who had trembled at a rod would never dare to look upon a sword.

    by ban48 on Thu Aug 30, 2012 at 05:00:41 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site