USA Increased Debt Limit
 

http://www.bloomberg.com/apps/news?p...3egIaUSs&pos=9

Theyve casually increased the amount of debt the government can have.....

Any guesses as to when people stop funding it?

I have to admit I was actually surprised to hear there was a limit, but I guess there really isn't if they can just casually raise it whenever they want.

Man that would be so cool... to have a credit card that I can just keep raising the limit on and not have to pay it back.... like EVER!

In fact, it's like your children or grandchildren would have to pay it back. But that's not bad either :1orglaugh

kinda funny that Bush sux0r for $1 trillion but obama is great for $12 trillion.

Funny how this global financial crisis was brought on by years of unregulated derivative markets yet you blame Obama for being left with the tab. :2 cents:

Funny how even the heaviest regulated countries still got fucked. :2 cents:

Domino effect.

Even the hardest capitalist that looks into how subprimes were packaged and sold will admit it was a cluster fuck.

Free market = unegulated prices not free for all unregulation.

In fact Capitalism requires regulation if only to protect property rights and ensure prices are dictated solely by supply and demand.

When the foreign countries decide to stop using the US dollar, when the treasury securities come flooding back en masse, and when we have hyperinflation.

Thank Obama, Bernanke, and the Dem's keynesian politics.

Because Obama's policies have increased the debt to epic proportions, already making Bush's spending look minimal. Because Obama has no clue about economics and what causes economic success. Because if Obama succeeded, you'd think he was God and if he failed, you'd blame it on Bush with your double standards.

Yes there are regulations in the free market. You are not allowed to commit crimes. However subprime mortgage crisis was created by regulations.

My double standards..:1orglaugh:1orglaugh:1orglaugh

Who knows if he will succeed or not, and who knows if Bush or Mccain would have done better, I don't have a fuckin crystal ball, what I am saying is comparing Bush's spending with Obama's spending is retarded, it is a whole different world and a complete different set of circumstances.

You are not allowed to commit crimes :1orglaugh:1orglaugh

Committing a crime means breaking a rule, what is a rule if not a regulation?

I also suggest you brush up on your Capitalism the conerstones of Capitalism are strong property rights, supply and demand dictated prices and open competition. These principles need to be respected to ensure free markets function properly.