What is fiscal cliff of US?
Is it about the debt ceiling?
QE3 does not solve it?
To overcome fiscal cliff, is it the job of FEB or Treasury?
The Federal Reserve alters the angle of the cliff by purchasing more debt from the Treasury at a lower interest rate than the open market...so the cliff becomes less steep, but continues to grow higher.To overcome fiscal cliff, is it the job of FED or Treasury?
Congress is still controlled by GOP, so what would happen to fiscal cliff?
Congress is still controlled by GOP, so what would happen to fiscal cliff?
What is fiscal cliff of US?
The moment that revenues do not cover the interest of the debt ?
He said 'revenues'...not 'expenditures'.No that is you making stuff up. Currently interest on the national debt is about 6% of federal expenditures.
Private banks write off debt that is declared non-collectible...and it's removed from the books.Can the banks write off all the debt?![]()
No that is you making stuff up..
Can the banks write off all the debt?![]()
Sorry but I like my defination better than yours.
How many fiscal cliffs can one have ?
Yeah, I am sure you do. It just doesn't have anything to do with reality.
What is fiscal cliff of US?
Is it about the debt ceiling?
QE3 does not solve it?
To overcome fiscal cliff, is it the job of FEB or Treasury?
It's the debt ceiling and our budget deficit. Personally, I think we went over the cliff quite some time ago. We're just building up speed on our way down at this point.
I think you are missing the point...
There is not going to be fiscal cliff type of event until the scenario which I presented is in hand because I know and you know that the debt ceiling is going to be raised once again, that is the reality.
No I am not missing the point. The fiscal cliff is not what you are representing it to be. Additionally the senario you are using is not a believable one for reasons already explained.