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11th February 2010, 14:14 #31
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Originally Posted by chuck34
Don't get me wrong, I think deficits are wrong, but just like global warming, I am questioning my assumptions because I fail to see where deficit spending has done us long term harm or caused runaway inflation. I have to believe there is some other dynamic at play here that is not being accounted for.¿Quién es el que anda aquí?
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11th February 2010, 14:19 #32
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Also, you are right total debt is approaching 100% of a typical year's gdp. So I guess we have a debt to income ratio of 1:1. We might have to go to sub-primes or junk bonds. :
Trying to put it in perspective on a personal level, which may or may not be relative; I am trying to become debt free, and am except for my house. I owe more on my house than I made last year, but I'm not upside down nor do I have trouble making payments, so as long as the US "has value" and can make payments, do deficits really matter?¿Quién es el que anda aquí?
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11th February 2010, 17:28 #33
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Originally Posted by Alexamateo"Water for my horses, beer for my men and mud for my turtle".
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11th February 2010, 17:32 #34
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Originally Posted by Alexamateo"Water for my horses, beer for my men and mud for my turtle".
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