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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (510852)10/1/2012 9:43:16 PM
From: MulhollandDrive  Respond to of 793991
 
he is monetizing the debt.....his perverse version of 'spreading the wealth around' only in his case he is spreading the pain around and especially for the next generation

he can't understand why his money printing has not 'created jobs' so he has doubled down on the program...

einstein's definition of insanity comes to mind



To: skinowski who wrote (510852)10/1/2012 11:26:52 PM
From: LindyBill  Read Replies (1) | Respond to of 793991
 
The best way to handle it, which will never happen, is to balance the budget and let the 2% annual inflation run it down to nothing in 20 years.

Since that won't happen, we will handle it with more inflation. What we don't know is how much and when.

We are in totally uncharted financial territory. Spending money like drunken sailors with no major inflation happening.


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