There is only one goddess Gaia and Al Gore is her only prophet...
Quote:We are now spending that 2.5 trillion, and borrowing another 3 to 6 trillion each year. And, this divergence is getting worse. Add to that the rate at which our Federal Government is printing US Dollars (devaluing) which will express itself as a hidden tax on every dollar saved or in circulation.
The US government is not borrowing 3 *to 6* trillion dollars a year. In this last year, which was *extremely* exceptional, the government borrowed just shy of 3 trillion - an act which has never happened before, and will not happen again in the near future.
[Image: 800px-2010_Budget_-_Deficit_and_Debt_Increases.png]

Also, your debt is denominated in US dollars. If you're devaluing, you don't "add" that to the debt - you subtract it, because your debt is shrinking in that exact proportion. The effect is the same as if the government was taxing money, and using it to pay down the debt.

-Jester

Afterthought: Millions will die? Now I'm *really* wondering what you're smoking.
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There is only one goddess Gaia and Al Gore is her only prophet... - by Jester - 12-04-2009, 07:29 PM

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