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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (167391)	5/12/2009 9:12:52 PM
From: cirrus	Read Replies (2) \| Respond to of 362864

A ten trillion dollar accumulated deficit with likely future inflation will do that to a currency... the only way to cut that deficit in relative terms is to inflate the dollar. The fed can't do a Volker to curb inflation this time because as interest rates rise so do interest payments on that debt... and interest is a humongous number now. Obama will rank with Lincoln if he manages to restart the economy, manage the debt and keep inflation to single digits.