Quote:
Originally Posted by CuteOldGuy
That's a nice spin, Austtxjr, but you simply ignore the obvious. We owe money to many bondholders, many of them foreign governments. There is not enough wealth in the US to tax to pay it off, that is a limited source. We can't print the money, because the resulting hyperinflation will devastate the economy.
We're stuck. We need to quit spending so much. Plain and simple. It's not going to get any better regardless who wins.
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We
can keep printing money; and we probably will. Yes, the end result will be a worthless dollar. Someone has to tell the people
NO!; otherwise the people will keep demanding free stuff until the system collapses.
No politician wants to go first. Both parties know we've go to cut spending, but no one has the balls to tell the people the party is over. Both sides are waiting on the other side to go first.
