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McTommo
Joined: 02 Jan 2006
Posts: 347
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It scares me, or would if I lived in America.
I don't know what sort of retarded economic model they have in place, but the entire US economy just seems to be based around borrowing money and spending it. The only way the I see for US will get out of this situation is inflating their way out of debt, which will not be pleasant for citizens.
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Sat Feb 14, 2009 1:29 am |
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Mackman
Joined: 19 Apr 2001
Posts: 3639
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I blame it on free trade.
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Sat Feb 14, 2009 2:46 am |
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Kith-Kanin
Joined: 15 Sep 2000
Posts: 4449
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quote:
Originally posted by McTommo
It scares me, or would if I lived in America.
I don't know what sort of retarded economic model they have in place, but the entire US economy just seems to be based around borrowing money and spending it. The only way the I see for US will get out of this situation is inflating their way out of debt, which will not be pleasant for citizens.
Debt forgiveness.
It's going to happen I think, otherwise their economy is eventually going to collapse big time.
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Sat Feb 14, 2009 7:38 am |
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SoCxHoP
Joined: 01 Dec 2004
Posts: 3002
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quote:
Originally posted by McTommo
The only way the I see for US will get out of this situation is inflating their way out of debt, which will not be pleasant for citizens.
i tend to agree with this. i'm not looking forward to it either. that's what this new $800B is going to do since nobody's buying the debt anymore. we're going to have to print a good portion of that. $800B should do if they point it in the right direction and keep careful track of where it's going (unlike the last attempt). hopefully it doesn't all end up in pet projects and stuff like that. the last draft seemed to be put together very sloppily. anyone who was drafting legislation before just kind of threw it on the pile and called it "stimulus".
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Sat Feb 14, 2009 3:23 pm |
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