Posted: 5/11/2009 6:21:57 AM EDT
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So . . . with the deficit even higher this year than originally forecasted (+ $89 billion), how many of you think the coming inflation will be brutal?
10% per annum? Higher? Another question: Exactly who will pay this back. We're getting into our great-grandchildren now. I know, I know, we just have to make the monthly payments and NEVER pay the debt off. Or we can inflate our way out of it. |
If we spend more we'll get out of it faster.....
My check book is overdrawn so I'll write more checks to cover them...
I'll buy a new rope and reuse it till all the pinheads in D.C. are stretched tight and we'll only have to pay for it one time, I'm thrifty...... 
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Quoted:
So . . . with the deficit even higher this year than originally forecasted (+ $89 billion), how many of you think the coming inflation will be brutal? 10% per annum? Higher? Another question: Exactly who will pay this back. We're getting into our great-grandchildren now. I know, I know, we just have to make the monthly payments and NEVER pay the debt off. Or we can inflate our way out of it. Ultimately, much higher. The Dems simply do not have the balls to cut spending. That means as interest rates rise and borrowing becomes more expensive they will have to borrow and print more and more. |
It's plain and simple, These people are NOT leaders. Thay have no clue how to balance budgets. Heck, Tax Cheat Geitner gets into office and look at his past.
Ok, So Bush spent money so does this mean Obama has to spend money to stop a recession? 12-18 month folks, Then you will see what this will do to us. |
| You can spend your way out of debt. As long as you invest in infrastructure to help make you more money. Business's do it all the time. Of course business and .gov is different. For the .gov to spend their way out of debt they need to give tax breaks to the corporations and the wealthy so they expand business's. Of course what they are doing is completly opposite. Spending money to fix bridges might be needed but it wont help the economy in the long run. What would happen if the federal .gov said no corporate taxes will be collected for 2009 and 10. Business and the stock market would rebound so quickly it would make your head spin. Of course this wont happen. Obama thinks that giving 20-30 dollar a paycheck tax cuts to the middle class is somehow going to fix the economy. |
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Quoted:
Quoted:
So . . . with the deficit even higher this year than originally forecasted (+ $89 billion), how many of you think the coming inflation will be brutal? 10% per annum? Higher? Another question: Exactly who will pay this back. We're getting into our great-grandchildren now. I know, I know, we just have to make the monthly payments and NEVER pay the debt off. Or we can inflate our way out of it. Ultimately, much higher. The Dems simply do not have the balls to cut spending. That means as interest rates rise and borrowing becomes more expensive they will have to borrow and print more and more. Yep, hello Carteromics. |