Ron Paul Supporters:

through securities sales, not bank loans

 

Actually, you're the one who is wrong.

 

It's still a loan. Money is lent with the expectation that it'll be paid back with interest.

 

you just forfeited any credibility you might have had.

 

Interest is paid on these securities. They are IOU's. They represent debt, just as credit card balances, deeds of trust and loan agreements do in the consumer market.

As I said, it's all semantics. The reality is the same. Everyone not confined to a pinhead of logic can see this.

 

Ridiculous claim. I bet you don't understand his positions at all.

 

while some just spew it.

 

you'd lose the bet

 

It's not even a matter of semantics. A loan is a loan. Dujac is just too intellectually dishonest to admit that he is wrong.

 

he said understand, not spew Krugman talking points.

 

Well, since you don't know what a loan is, we can safely assume you have absolutely no idea what Ron Paul believes.

 

you don't know what you're talking about

 

Actually, you're the one who doesn't know what they're talking about, as evidenced by your ignorance of what constitutes a loan.

Try reading the dictionary sometime.

 

wow, that was good. Can I borrow that little gem of literary wit ?

 

you're wrong, congress has to offer treasury securities on the open market, it's prohibited from borrowing from banks

 

Actually, the Treasury Dept., through the Bureau of Public Debt, issues securities.

As to your argument about these securities not being loans, here's something from The Bureau of Public Debt's web page.

"Our job is to borrow the money needed to operate the federal government and to account for the resulting debt. In a nutshell, we borrow by selling Treasury bills, notes, and bonds, as well as U.S. Savings Bonds; we pay interest to investors; and, when the time comes to pay back the loans, we redeem investors' securities. Every time we borrow or pay back money, it affects the outstanding debt of the United States. "

http://www.publicdebt.treas.gov/

 

A loan is a loan.

 

just like i said, the congress/treasury doesn't go to the federal reserve and request a loan

no, it's not

 

Having fun dancing on that pinhead?

[ame="http://www.youtube.com/watch?v=FG1NrQYXjLU&ob=av2e"]Billy Idol - Dancing With Myself - YouTube[/ame]

 

Yes, it is.

 

And to think, I almost missed this....lol

 

you can stop right there. You've said enough.

 

All I've ever seen you do is belittle and insult people you disagree with. But you never really say anything.

 

Some people are just too stupid dignify with a substantive response. Dujac is one of them.

 

you're projecting your own state of mind