Guest guest Posted February 18, 2011 Report Share Posted February 18, 2011 Hey, we can just spend our way out of debt! That works in some economic models!-=Russ=-On Feb 17, 2011, at 18:47, environmental1st2003 <no_reply > wrote: "How nice. Assets per person: $234,000" ....and decreasing because of reduced liquidity and inflation. "but debt per person is over $1 million." ....and increasing. Administrator Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 18, 2011 Report Share Posted February 18, 2011 Right on both counts. For the first time in years the value of this house declined, which had the advantage of dropping my taxes a bit. In a message dated 2/17/2011 8:47:19 P.M. Eastern Standard Time, no_reply writes: "How nice. Assets per person: $234,000"...and decreasing because of reduced liquidity and inflation."but debt per person is over $1 million."...and increasing.Administrator Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 18, 2011 Report Share Posted February 18, 2011 Hyperinflation might manage to create enough cash to pay the debt. It will also destroy the economy. I remember a story shortly before the 2008 election that the Treasury and others were experimenting with quadrillion dollar budgets. That's all well and good but remember the dems didn't bother to submit a budget in 2010. Hey, we can just spend our way out of debt! That works in some economic models!-=Russ=- Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.