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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (117154)	4/7/2019 6:58:56 PM
From: i-node	Read Replies (1) \| Respond to of 358344

When I was in my first year of college I had to take The intro to Economics course, at a time when the national debt was around 400B, I believe. My instructor, Curly Mason, informed the class that it was meaningless. Don’t worry about it. But he was a lightweight economist, devoid of analytical skills. If nothing else, the moment interest subsumed all revenue, finding buyers for debt will become impossible, as there is no “full faith and credit” backing it. And the inflation will come. It will be horribly ugly, but interest rates determine when that happens. Debt service as well as keeping the old folks happy with Medicare and SS will become increasingly difficult as they both run dry, over the coming 10-13 years. Medicare is already being cut and pressure to do so will become more intense. To be clear, these are problems the country has not previously faced.

To: mel221 who wrote (117154)	4/7/2019 9:58:10 PM
From: combjelly	Read Replies (1) \| Respond to of 358344

If you were expecting hyperinflation, that meant you didn't understand what was happening with the economy. So yet another large area that you, at best, dimly understand.

To: mel221 who wrote (117154)	4/7/2019 10:51:24 PM
From: koan	Read Replies (1) \| Respond to of 358344

Prove to you, that is impossible. I cannot even prove to you global warming and evolution is real! << 20 years ago, I believed $20T national debt was going to cause hyperinflation. That opinion has been proven to be wrong. Not inaccurate, but wrong, wrong, wrong. As I stated, I am a reformed debt scold thanks to Krugman. Bring on the deficits!!!! But, you have not made the case that opposes my original statement. Prove that the large national debt (and annual deficits ) does not benefit white people more than other races.