>>No, I do not think the economy is going to collapse.
>>
>>You don't think that 20 trillion in debt will cause the economy to collapse? Why not?
>
>No, I do not. It sounds weird but mainstream economists have agreed for a long time that debt is not axiomatically bad. It is not the same thing as household debt, which is bad but an entirely different thing. We don't have the power to print money, for starters.
>
>Let's give the second term a fair chance before crucifying it.
Interesting poll results:
Polls across 21 countries of the EU indicated 50% of the population would have voted for Obama, only 9% for Romney.
In the UK : 70% for Obama, 7% for Romney (and this is in a poll conducted be a right-wing newspaper)
Outside the EU:
Pakistanis favoured Romney, as did Israel (45% against 29% for Obama)
Don't know what we should infer from this tho :-}
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