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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> extropy-chat-bounces@lists.extropy.org [mailto:extropy-chat-bounces@lists.extropy.org] <b>On Behalf Of </b>John Clark<br><br><b><span style='color:#1F497D'><o:p></o:p></span></b></span></p><div><div><div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#1F497D'>>…</span></b>And traditionally the government could give lower interest rates for their bonds than even the best corporations and people would still snap them up because people perceived government bonds as the safest thing around. But starting about a month ago for the first time in history and thanks entirely to the moron Republicans in the house to sell government bonds they must provide more interest than corporations do<span style='color:#1F497D'>…</span> John K Clark <span style='color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I see this as a good thing. We loan money to the government, they waste it. Loan money to corporations, they turn it into more money. If government bonds are seen as appropriately risky, money will flow to corporations and small businesses instead. We cannot let our government be so dependent on selling bonds at a hundred billion dollars a month just to survive, like some kind of desperate enormous heroin addict with nukes.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>John eventually this whole house of cards had to come down eventually. You have seen the CBC extrapolations. Generations past have said to hell with us, just as you suggested in an earlier post that we say to hell with future generations. Past generations borrowed our money, assuming the future economy would be bigger. Now we are suffering the consequences, as we are entering a long term slower growth era. We risk borrowing from future generations who might be no richer, and perhaps poorer than we are today. We need to stop doing this forthwith.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I do not wish to have my frozen head in the hands of some future generation which I had to-hell-with-ed, deciding if I am worth uploading. All our fondest extropian hopes and dreams depend on a prosperous future. If we overspend now, in peacetime, what chance have we? Let’s get this overspending problem under control, starting now.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>spike <o:p></o:p></span></p></div><div><p class=MsoNormal><br><br> <o:p></o:p></p></div></div></div></div></div></body></html>