Why are bankers rewarding increasing the debt?

blackzeus

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This whole "fiscal" cliff scenario is basically Obama reinin' in this country's ridiculous spending. So by raising taxes and cutting spending, we actually will improve our budget, but the bankers are selling like there's no tomorrow and if in fact the fiscal cliff scenario comes to life, this country's going to sh*t. This is a game of chicken, please don't chicken out Mr. President, these bankers will f*ckin' destroy the country with debt if you do.
 

Robbie3000

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This whole "fiscal" cliff scenario is basically Obama reinin' in this country's ridiculous spending. So by raising taxes and cutting spending, we actually will improve our budget, but the bankers are selling like there's no tomorrow and if in fact the fiscal cliff scenario comes to life, this country's going to sh*t. This is a game of chicken, please don't chicken out Mr. President, these bankers will f*ckin' destroy the country with debt if you do.

What do you mean? not sure i understand what you are actually saying here. What do you mean by "bankers are selling like there's no tomorrow"?

Austerity in a recovering economy doesn't work.
 

blackzeus

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What do you mean? not sure i understand what you are actually saying here. What do you mean by "bankers are selling like there's no tomorrow"?

Austerity in a recovering economy doesn't work.

By selling I mean they are liquidating shares. When they sell in droves, price goes down. Yes, I think debt does benefit them, as they will be there to pick up all the pieces for the low low when the dollar crashes :steviej:
 
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