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It'll be interesting to see what happens when we finally have to monetize all of this debt. Someday that will have to happen. It isn't a question of if, but when. In my lifetime ? I think so. I think relatively soon, years, decade, two, maybe three. Current borrowing is unsustainable, and at some point something major is going to happen and the government will have to hit the reset button to fix it.
The debt has gone beyond the point where anyone can imagine stopping it's growth, fixing it, etc. The game now is do what you can before the world ends, we have gotten to a point in this country where the $us has a limited lifetime ahead of it, it's only a question of when the day comes. I don't think anybody can stop it.
Edit - I forgot to make this political - The greatest irony of all of this to me is that Democrats are so willing to win the battle and lose the war when it comes to the debt, but they seem perfectly willing to give Republicans everything they want in the end. I don't understand why they would do that.
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What are you pretending not to know ?
Last edited by wind_magic; 09-20-2008 at 09:46 AM.
Reason: Added comment
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