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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (527873)	11/11/2009 7:34:39 PM
From: i-node	of 1575894

Could we be in for a bout of hyperinflation? Well, that is always in the cards. Is it inevitable? No. If you are so concerned over inflation, you should have gotten that way when we were running high deficits when the economy was expanding instead of defending by adopting Cheney's viewpoint that they don't matter. Well, at least become somewhat more realistic about inflation. No, hyperinflation isn't inevitable, but some inflation is. Deficits are always worse than no deficits. Even when at war (the most easily justifiable explanation for deficit spending) you'd rather not have deficit spending. But we have never, ever seen the kind of deficit spending this current crew in DC is doing. Not even close. Not only are the dollars out of control, the NATURE of it is, as well. The $800 Billion "stimulus" bill is certainly among the five worst pieces of legislation in the nation's history. It is an absolute waste of $800B, with no redeeming value whatsoever. Comparing the Obama wasteful spending to the deficit spending Bush did is utterly insane. Bush certainly spent too much, but it is a literal drop in the bucket and it is absurd for anyone who supports Obama's spending to criticize Bush's. Just absurd.

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