Hi Jim, Classic class act ... borrow the money (from Japanese), pay tax cut to Americans, dilute loan with inflation (stiff Japanese), dilute purchasing power with same inflation (stiff Americans), encourage via multiplier for consumers to spend same tax cut, ruin balance sheet, thus having to work more years, and not collect Social Security, which isn't there anyway.
The only missing act is "raise taxes", which will no doubt happen, as sure as equation of time (fancy way, or Greenspin way of saying "night follows day").
Well, Jim, you are right, and that was fun:0)
Chugs, Jay |
