Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
Login | What's Hot
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons

Comment on: The Neosecularist

Spending Cuts Are Not Enough To Revitalize Our Economy...

1 Comment
Monday, March, 17, 2008 4:38 PM rycK writes:

The 10 Trillion Dollar Debt.

[1] FDR gave us an 17 trillion dollar debt adusted for our growth. We were able to get out of that with good growth and low inflation.

[2] Most countries need a bailout from their debts to survive [Germany, England [3 times since 1916] Russia, Japan, etc.]

There is nobody to bail us out.

So, it appears that they [the morons at the FRB] have decided to let us outdistance our bebt with inflation.

All it takes is a few years @ 12-20% inflation to erase the debt. Any person should realize that the interest rates are the PRICE of money and when we lower it money is cheap.

There is no way they are going to cut the spending to pay say 100 bln per year to work on the debt.

Buy gold......we can pay the Arabs for oil with worthless paper.

ryck
EmailItEmail It | Print It Print It |  Flag as OffensiveFlag as Offensive