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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (6378)	3/23/2006 2:21:41 AM
From: Peter Dierks	Respond to of 71588

"spending Social Security trust funds, and other trust money." Exactly. Sell off the forest to the Chinese, create a mountainous debt to the Chinese. What is the difference? The excessive debt and trade deficit are likely to cause a decline in the purchasing power of the dollar. We will have to (assuming we ever do) repay with mor expensive money. This is like being a debtor in deflationary times. It is a very bad idea. I am beginning to cotton to the Democrat ideal of tax and spend. It may be better than borrow and spend.