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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (468535)	4/3/2009 12:32:17 AM
From: i-node	Read Replies (2) \| Respond to of 1578804

Starting with FDR, this country has seen 60+ years of relative peace and prosperity that is in fact the best period in our history. Peace is a different issue and I have no interest in getting into a discussion of that subject with you, given your rather apparent lack of knowledge of other issues. Prosperity? Suppose a guy makes $40,000/year, yet somehow manages to borrow a few million dollars -- he buys a nice house, several nice cars, lives the apparent good life. He is, ostensibly, prosperous -- but in reality, he is in an economically untenable position. Our government has the ability to make such borrowings by virtue of just printing more money. I have long maintained that borrowing at reasonable levels is not a problem. But we are no longer in the realm of reasonableness. We have, overnight, moved from considering $10 Billion to being "a lot of money" to thinking in trillions. This is very dangerous business. A few billion is nothing to get excited about when you need $50 Trillion to meet your obligations under the New Deal and Great Society giveaways. But when you talk about adding $10 Trillion over 10 years, as of the first year of a presidency, that is an insane rate of growth that is unsustainable without starting an inflationary spiral that will kill the economy in the future. Even the massive budget deficits he is going for would be less of a problem were they only one-time expenditures. But these are costs that will forever burden the economy, which is the reason we have [correctly] referred to it as socialism. They are systemic in nature and like SS and Medicare, will only get worse over time. Okay, I've said what I have to say on this subject. Based on your posts to date, I have no expectation that you have the knowledge, ability to focus, or clear thought to comprehend it. So go for it.