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Politics : Politics for Pros- moderated

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To: Bearcatbob who wrote (301111)	4/15/2009 2:01:13 PM
From: ManyMoose	1 Recommendation Read Replies (1) of 793964

The bond market will blow the whistle on the idiocy going on in Washington. So if Obama prints money and we get Carter-style inflation (oh yeah, I do remember that), he can pay off the bonds he's already sold at low rates with cheap money but he won't be able to borrow any more money, except at exorbitantly higher rates, right? We put our money in the money market and rake in 17% interest rates again, while stuff costs 25% more, so we're screwed. Sounds like a good time to tighten the government's belt and quit buying stuff that we don't need and paying people who don't deserve it. Obama will never do that. (I have a local example pet peeve: My house is on a septic system, and it's paid for and works fine. The county just got through repaving the streets two years ago. Now some jokers are demanding a sewer system, which would cost me ten or twenty grand and tear up my streets again -- and I don't want it and don't even need it, as my septic system is self-sufficient.)

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