Comments on: Spend-But Don’t Tax-Republicans

By: Gratis

Gratis — Fri, 17 Mar 2006 15:28:23 +0000

Unfortunately, it looks like we’re going to be spending more trying to get Iran to conform to our will. We can’t feed and shelter a vast majority of our people, but Bush doesn’t seem to care as long as his military machine is getting money. It’s disgusting.

By: walrus

walrus — Fri, 17 Mar 2006 14:08:58 +0000

There is a third way out of the woods, which would include raising taxes and finding ways to avoid spending hundreds of billions of dollars on military entanglements. Indeed, this is the only good option, since default and inflation are both very bad.

By: Bukko

Bukko — Fri, 17 Mar 2006 06:26:58 +0000

What they’re doing is going to make the U.S. dollar worthless. It’s the equivalent of setting up a printing press in your basement and cranking out coloured pieces of paper which you call money. Except they’re backed by nothing. Sooner or later, people will realise they’re scrip. There are two ways out of the debt mess — default or inflation. Both are losers. If the U.S defaults, it brings down the world financial system and causes global depression. he U.S. government can also inflate the hell out of the currency. If you owe $1 trillion, but it only has a purchasing power of what $500 billion used to buy, your debt is halved, in real terms. But all the people in your country can only afford half as much petrol, cheap plastic crap from China, holidays overseas… I’m so glad I emigrated to Australia and coverted my dollars into currencies that aren’t for shite!