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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (508725)8/28/2009 4:45:17 PM
From: i-node   of 1578556
 
But that's assuming that the debt load needs to be reduced quickly. It doesn't. It can't get out of control, of course, but even if the projections that we're going to add on $7 trillion worth of new debt in the next 10 years are true, and don't think that's inevitable, we'll still have a debt/GDP load comparable to those that we've managed in the past, and we have a lot of international leverage. Inflation is not inevitable. It could happen, but I don't think it will as long as the countries holding our debt still think our debt is worth holding.

This may be the most economically ignorant post I've seen here. Worse than RW's, if that is possible. Totally unsustainable, as interest expense alone will approach, then exceed, HALF of our total tax revenue.

It is utterly insane for anyone to make a statement such as this remark by Z and he damned well ought to defend it or STFU.
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