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

To: combjelly who wrote (527873)	11/11/2009 12:46:04 PM
From: Tenchusatsu	2 Recommendations Read Replies (1) \| Respond to of 1576012

CJ, > If you are so concerned over inflation, you should have gotten that way when we were running high deficits when the economy was expanding instead of defending by adopting Cheney's viewpoint that they don't matter. You're taking Cheney's comment out-of-context. But regardless, I was against the huge deficit spending that happened under Bush. Let's go back to the future. See any alternative scenarios to either hyperinflation, high interest rates, or a combination of the two? Maybe you can wave a magic wand and hope that Obama's "Great Leap Forward" actually increases domestic productivity? Tenchusatsu

To: combjelly who wrote (527873)	11/11/2009 2:47:30 PM
From: tejek	Respond to of 1576012

CJ, the combination of deep deficit spending and the retiring Baby Boomer population is going to have a severe impact on inflation." Deep deficit spending could if it continues. Not sure what retiring Boomers has to do with it. Ask him when this hyperinflation event is about to happen. He's been in gold since last year waiting......its kind of like waiting for the rapture. Then again, a broken clock is right at least twice each day.

To: combjelly who wrote (527873)	11/11/2009 7:34:39 PM
From: i-node	Respond to of 1576012

Could we be in for a bout of hyperinflation? Well, that is always in the cards. Is it inevitable? No. If you are so concerned over inflation, you should have gotten that way when we were running high deficits when the economy was expanding instead of defending by adopting Cheney's viewpoint that they don't matter. Well, at least become somewhat more realistic about inflation. No, hyperinflation isn't inevitable, but some inflation is. Deficits are always worse than no deficits. Even when at war (the most easily justifiable explanation for deficit spending) you'd rather not have deficit spending. But we have never, ever seen the kind of deficit spending this current crew in DC is doing. Not even close. Not only are the dollars out of control, the NATURE of it is, as well. The $800 Billion "stimulus" bill is certainly among the five worst pieces of legislation in the nation's history. It is an absolute waste of $800B, with no redeeming value whatsoever. Comparing the Obama wasteful spending to the deficit spending Bush did is utterly insane. Bush certainly spent too much, but it is a literal drop in the bucket and it is absurd for anyone who supports Obama's spending to criticize Bush's. Just absurd.