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To: xzins
>>Within 15 years, and that’s with interest rates staying extremely low 2% or less, the nation will be borrowing as much as it takes in to pay for an ever growing federal budget. OR, they will have to double taxes.<<

Other options ya don't hear about would be...devalue the dollar, raid 401K’s and or a combination all of the above.

64 posted on 10/30/2015 10:31:13 AM PDT by servantboy777
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To: servantboy777

If they devalue the dollar, then that means they aren’t really paying back the creditors. Those lenders will retaliate by not lending. I think they’d love to see inflation that can’t be blamed on them, but I don’t think they can do it intentionally.

Raid 401K’s is a very real idea, and you’re right to bring it up. Anything to get more revenue is what they’ll do.


65 posted on 10/30/2015 10:49:10 AM PDT by xzins (HAVE YOU DONATED TO THE FREEPATHON? https://secure.freerepublic.com/donate/)
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