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

To: Tenchusatsu who wrote (628836)	9/20/2011 5:51:38 PM
From: i-node	1 Recommendation Respond to of 1576376

>> As for the debt, most people don't know how it can be so huge. The answer is what most people don't understand. Since the world's reserve currency is the U.S. dollar, the U.S. is in a unique position to monetize that debt to astronomical levels. But even that has limits. Not everyone believes there are limits. I've heard a lot of discussion on liberal msg boards about just "inflating the debt away".

To: Tenchusatsu who wrote (628836)	9/20/2011 7:41:46 PM
From: bentway	Respond to of 1576376

"As for the debt, most people don't know how it can be so huge." Ronald Reagan and the two Bushes. It's indisputable.

To: Tenchusatsu who wrote (628836)	9/21/2011 12:08:40 AM
From: SilentZ	Read Replies (1) \| Respond to of 1576376

>It's really easy to counter that. Doesn't advance the debate, but I don't get the sense that he's really interested in genuine debate. If I weren't, I wouldn't be here. >Since the world's reserve currency is the U.S. dollar, the U.S. is in a unique position to monetize that debt to astronomical levels. But even that has limits. But the limits aren't now, and you don't start setting those sorts of limits unnecessarily. If your family is starving, do you say "I'm not using the credit card to buy food because I'm worried about my credit rating?" Our country is starving.... -Z