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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (8080)	2/27/2008 12:24:18 AM
From: koan	Respond to of 50182

Yep.

To: Fiscally Conservative who wrote (8080)	2/27/2008 8:33:46 AM
From: sixty2nds	Respond to of 50182

When has the Federal budget ever been slashed? Revenue may tumble. That does not mean expenditures will decline. A slowing of spending growth? Maybe, but I doubt it.

To: Fiscally Conservative who wrote (8080)	2/27/2008 8:46:17 AM
From: RonMerks	Read Replies (1) \| Respond to of 50182

Re-'In the long run it is far easier to pay down Fed debt by hyper inflating(since debt instruments are mostly fixed rated' I agree. I've been reading the discussion on Silicon investor on Mish's board where he keeps asking how there is any benefit to hyperinflating. The only way the government will ever be able to repay it's massive debt is by paying back 'fixed' debt with cheaper dollars. And I think that's exactly what they are doing. Slider has nailed it on the this elimination of any pretense of keeping a strong dollar policy. The gig is up and now the entire world knows it and thats why commoditys are flying. I'm just curious as to how the Fed will keep a lid on this- now that everyone has acknowledge this inflationary environment. Ron Ps- Come on Sil-vuh!