Debt Threat Unimportant

August 11, 2011

CNBC Television

9th August 2011

“The real threat out there is protectionism.  This debt thing is pretty jolly unimportant, it was unimportant before, it’s unimportant now, it will be unimportant in the future.  Don’t worry about debt… worry about GDP, worry about the economy, that is the real problem,” Roger Nightingale said.

Comments

One Response to “Debt Threat Unimportant”

  1. Herman on September 1st, 2011 5:18 pm

    How can debt load be unimportant? I phrase this as a question? Doesn’t high government debt loads reduce available capital for the private sector and subsequently leads to higher tax loads which further drain excess capital for private sector investment?

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