Thundercat asked:
There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?
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There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?
Content supplied by Articlesbase.com
Well if you follow reaganomics some debt is good…not sure he would have ever pictured this…but then under reagan the debt doubled…as it did under W.
Why, my wife and I do this all the time! Whenever we’re out of money, we just get our charge cards out and get a cash advance! Oh, sure, we’ll have to pay it back someday, but I’m going to enjoy the cash while I have it.
Our Gov’t – We can’t be out of money, we still have checks!
We’re screwed.
The actual cost with interest is 1.2 trillion dollars ! And didnt Obama say that this will be the norm from here on out ? 1 triilion dollar budgets year in and year out ?
It’s called a Ponzi scheme.
It worked for Bernie Madoff for years.
Now the pros can try it.
Tax, borrow or print money – you and I both end up paying in the end.
Haven’t you heard…the printing plates for which will print this money are already being oiled up. Who needs real money anymore..our monopoly money will pay for this pipedream.
Oooo ooooo oooo… I do I do I do…. *flails hands above head*
otherwise we would have to print more money and then inflation would go up and the value of our dollar would go down faster than the lire before Euro.
Never create debt unless that debt will create wealth.
That is one of the oldest adages in the financial world. If borrowing this money is going to create more wealth, then it is the right thing to do.