BREAKING NEWS: Average rate on 30-year fixed mortgages falls below 4 percent

[Jarod]

BREAKING NEWS: Average rate on 30-year fixed mortgages falls below 4 percent for first time ever

msnbc.com

What happened to the soaring interest rates the Conservatives were screaming we would soon be experiencing...?

Looks like a good time for the government to borrow some money to get us out of the fix we are in. The rate on T-Bills is also incredably low.

 

[Billy the Great Khan]

BREAKING NEWS: Average rate on 30-year fixed mortgages falls below 4 percent for first time ever

msnbc.com

What happened to the soaring interest rates the Conservatives were screaming we would soon be experiencing...?

Looks like a good time for the government to borrow some money to get us out of the fix we are in. The rate on T-Bills is also incredably low.

That's a brilliant idea! Let's borrow more money to get us out of the mess we got into buy borrowing fuck tons of money! God damned if we can't spend our way outta debt!

 

[Jarod]

That's a brilliant idea! Let's borrow more money to get us out of the mess we got into buy borrowing fuck tons of money! God damned if we can't spend our way outta debt!

Money is cheaper to borrow than its ever been... The debt is not the problem, the stagnation of money at the top is the problem.

 

[Billy the Great Khan]

Money is cheaper to borrow than its ever been... The debt is not the problem, the stagnation of money at the top is the problem.

That's the exact same idea as paying off my credit card with another credit card.

 

[Cancel 2016.2]

Money is cheaper to borrow than its ever been... The debt is not the problem, the stagnation of money at the top is the problem.

What do you think is causing the stagnation?

Could it be that EVERYONE knows the more they borrow, the more they are going to use that borrowing as an excuse to raise taxes on corporations and 'the rich'? Because we all know the idiots in DC aren't going to actually cut spending. It is way too much fun for them to spend other people's money.

Just take a look at the Reid proposal of a 5% surcharge on all income over $1mm. Dems are of the moronic mindset that they can just tax the rich/corporations to pay for all their spending. They justify it with catch phrases like 'fair share'.... and with fear mongering like 'we will have to fire teachers and firefighters'

 

[Cancel 2016.2]

That's the exact same idea as paying off my credit card with another credit card.

Not true. It is like getting another credit card with the intent of paying off the first credit card and then instead just running both to their limits.

 

[Jarod]

That's the exact same idea as paying off my credit card with another credit card.

Smart idea if the interest rate on the new card is lower than the old one and you dont have any capitol and dont want to raise capitol. (i.e. raise taxes.)

 

[Cancel 2018. 3]

That's the exact same idea as paying off my credit card with another credit card.

not really. paying off credit with another credit card doesn't make capital. sometimes you can borrow more when interest rates are favorable and turn that into profit due to low interest rates. the problem liberals don't want to face is, if want to borrow more money, we need to cut spending. for far too long both parties have simply borrowed more money and not cut spending. the federal and state bureaucracies are bloated.

 

[Billy the Great Khan]

Smart idea if the interest rate on the new card is lower than the old one and you dont have any capitol and dont want to raise capitol. (i.e. raise taxes.)

OR..... we could spend less, and pay down our current debt with our current income. Like normal people do.

 

[Jarod]

not really. paying off credit with another credit card doesn't make capital. sometimes you can borrow more when interest rates are favorable and turn that into profit due to low interest rates. the problem liberals don't want to face is, if want to borrow more money, we need to cut spending. for far too long both parties have simply borrowed more money and not cut spending. the federal and state bureaucracies are bloated.

IN the current economy we need to borrow more and tax more, then when the debt gets paid down, we need to cut spending, slowly, and pay off the debt. Every economist will tell you that in a fragile recovery you dont cut spending.

 

[Jarod]

OR..... we could spend less, and pay down our current debt with our current income. Like normal people do.

What current income, the tea party wants to do away with income.

 

[Billy the Great Khan]

What current income, the tea party wants to do away with income.

Jarod, I would need 67 ax wounds to the head to produce stupid of this magnitude. How does anyone want to do away with taxes?

 

[Cancel 2018. 3]

What current income, the tea party wants to do away with income.

cite

 

[Bonestorm]

That's a brilliant idea! Let's borrow more money to get us out of the mess we got into buy borrowing fuck tons of money! God damned if we can't spend our way outta debt!

You know what's even more brilliant? Trying to shrink our way to growth. That'll work out well.

 

[Damocles]

You know what's even more brilliant? Trying to shrink our way to growth. That'll work out well.

Almost as brilliant as believing that growing government is the same thing as growing the economy.

 

[Bonestorm]

IN the current economy we need to borrow more and tax more, then when the debt gets paid down, we need to cut spending, slowly, and pay off the debt. Every economist will tell you that in a fragile recovery you dont cut spending.

In the current economy we need to borrow more and tax less.

 

[Bonestorm]

Almost as brilliant as believing that growing government is the same thing as growing the economy.

I don't even know what "growing government" means. Increasing government spending will increase economic growth.

 

[Damocles]

In the current economy we need to borrow more and tax less.

I agree with this somewhat, the problem with it is the devaluation of the currency. There's a balance. We can buy ourselves into a "lost decade" if we rely only on the government for the cure. The main problem I see with this, is when it is "fixed" or when we grow the economy enough to feel out of this, the government will still be borrowing. We never partake in the eventual downsizing we need to do in government during the up times. This creates a debt crisis and self-perpetuates the cycle.

 

[Billy the Great Khan]

I don't even know what "growing government" means. Increasing government spending will increase economic growth.

The past decade seems to indicate otherwise.

 

[Cancel 2016.2]

IN the current economy we need to borrow more and tax more, then when the debt gets paid down, we need to cut spending, slowly, and pay off the debt. Every economist will tell you that in a fragile recovery you dont cut spending.

ROFLMAO.... tell us genius... when you TAX more... where is that money coming from? Is it BUSINESS and INVESTORS?

On one hand you tell corps you will give them a short term tax break and on the other hand you tell them that to pay for it you are going to tax them more?