[gldstwmn]

Originally Posted by strandinthewind

Yep - essentially and even though we print the money, our currency will be soo debased that it will suffer. Put it this way, would you loan money to someone as in debt as we are, esp. if that person was continuing to expand that debt with no end in sight?

I also hate to say it, but the only way I can see to pay back that debt is to raise taxes, which as you know, I am loathe to say because (1) we pay too much for the govt. waste as it is, and (2) higher taxes will initially hurt the economy. But, thanks to the R's we are once again in a mess just like we were after Nixon/Ford, Reagan/Bush, etc.

BA&TARDS

I know. We are largely owned by the Chinese now.