The National Debt

[Trooper_IHB]

<p><em>It means almost $30,000 in debt for each man, woman, child and infant in the United States. </em></p>

<p><em>And like homeowners who took out adjustable-rate mortgages, the government faces the prospect of seeing this debt - now at relatively low interest rates - rolling over to higher rates, multiplying the financial pain. </em></p>

<p><a href="http://money.aol.com/news/articles/_a/national-debt-grows-1-million-a-minute/20071203150709990001">National Debt Grows $1 Million a Minute - AOL Money & Finance</a></p>

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[EvaLSeraphim_IHB]

{Sigh}

 

[awgee_IHB]

Where do we send the keys?

 

[WINEX_IHB]

Don't worry. The Feds will bail us out of this debt!








Oh wait....

 

[No_Such_Reality_IHB]

<p>Actually Ben will bail us out of this debt. He'll print money until the dollar is on par with the Lira.</p>

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[IrvineRenter_IHB]

<em>"Actually Ben will bail us out of this debt. He'll print money until the dollar is on par with the Lira."</em>





There is truth in that statement. A side benefit of inflation and dollar devaluation is a reduction in debt.

 

[WINEX_IHB]

Inflation - Adam Smith's other invisible hand.

 

[mino2126_IHB]

I thought Dorthy would arrive, click her ruby red slippers three times, and poof the debt is gone? Guess I didn't drink the right Kool-Aid.