Quote from: twiifm on January 07, 2015, 12:37:11 AM

Quote from: sgbett on January 07, 2015, 12:21:54 AM

Quote from: twiifm on January 07, 2015, 12:05:13 AM

Except he posted a chart of PUBLIC debt. Deleveraging happens on the PRIVATE side!

deleveraging doesn't pick sides. debt can be deleveraged, public or private. isn't that the point - that the deleveraging of public debt by governments has pretty serious ramifications?

from the deleveraging link above...

Quote

At the micro-economic level, deleveraging refers to the reduction of the leverage ratio, or the percentage of debt in the balance sheet of a single economic entity, such as a household or a firm. It is the opposite of leveraging, which is the practice of borrowing money to acquire assets and multiply gains and losses.

At the macro-economic level, deleveraging of an economy refers to the simultaneous reduction of debt levels in multiple sectors, including private sectors and the government sector. It is usually measured as a decline of the total debt to GDP ratio in the national account. The deleveraging of an economy following a financial crisis has significant macro-economic consequences and is often associated with severe recessions.

Make up your mind man. You want the gov't to pay down debt or not?

I don't care what they do

just pointing out that one way or another the piper gets paid!