How will Congress...

[NavyBuc19]

Alright, I am just throwing this out there....and its just open for debate and discussion....



If the economy turns around, how do you think the Government is going to pay for all of the money we dished out?

[oregonbucfan]

they wont. they will add more government jobs

[John Galt?]

Alright, I am just throwing this out there....and its just open for debate and discussion....



If the economy turns around, how do you think the Government is going to pay for all of the money we dished out?

Inflation favors the borrower. If you borrow $100,000 and you don't have to pay it back for 10 years, inflation will make that $100k only worth $50k of today's dollars at a 7% inflation rate. But if inflation goes to 15% then that $100k is only worth the equivalent of $25k of today's dollars.

So if the Government lets inflation run wild then their $1.5 trillion debt will only seem like a $375 billion debt. And remember Obama's pledge to not tax anyone making under $150k, well with runaway inflation that will be the starting salary at McDonald's so promise kept!

Crude oil is back over $60 so it looks like their plan is already in motion.

[kevabuc]

We used to think in terms of "when" the economy turns around, now we are down to the reality of "if".

The good news is this government will not have to pay for it, the government of our grandkids children will have to deal with it, much like we are stuggling to pay off the debts created during the depression that are still with us.

[dbucfan]

Alright, I am just throwing this out there....and its just open for debate and discussion....



If the economy turns around, how do you think the Government is going to pay for all of the money we dished out?

Inflation favors the borrower. If you borrow $100,000 and you don't have to pay it back for 10 years, inflation will make that $100k only worth $50k of today's dollars at a 7% inflation rate. But if inflation goes to 15% then that $100k is only worth the equivalent of $25k of today's dollars.

So if the Government lets inflation run wild then their $1.5 trillion debt will only seem like a $375 billion debt. And remember Obama's pledge to not tax anyone making under $150k, well with runaway inflation that will be the starting salary at McDonald's so promise kept!

Crude oil is back over $60 so it looks like their plan is already in motion.

And that is the key - if the price of oil goes low all the alternatives begin to look bad - wonder how OPEC will handle this...