The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: Patricia Trinchero who wrote (2992)	12/11/2008 3:00:05 PM
From: DuckTapeSunroof	Read Replies (1) of 103300

"Sooner or later we are bound to hyperinflate to hell and back!" True. But --- given the IMMENSE size of the national debt we've piled up, not to mention the 'off-budget' unfunded obligations that lie ahead --- then inflating our way out of the debt load is (unfortunately) probably the only practicable choice that is left to America now.... (And the politicians have LONG known this: inflation is their favorite tax.) At this exact moment, while foreigners are (caught in the grip of a global financial panic) still FOOLISH enough to buy out Treasury debt while it offers negative real rates, we should shovel those bonds out the door to 'em! Because an opportunity such as this will not come along often... and this one will not last for long.

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