Monday, May 18, 2009

A Visual Aid

Okay, so here's a good visual aid for all of us regarding our national debt:

Do you really think it is politically viable (or even possible) for us to ever pay off our debts in anything approximating our current dollar? If you do, I'd like you to tell me how it could be done. This is why inflation is our government's best friend--if the future value of money is worth less than the present value (our debt), our government will be better positioned to pay off the ridiculous debt. But under that scenario, anyone saving their money is going to be huge losers because their savings won't be worth beans.

As I've said before, this national debt is going to lead to massive taxes or massive reductions in government spending. A revolution is brewing, whether you realize it or not. When the bill comes due, there are going to be millions of really angry Americans.

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