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To: achilles2000
the only way that the $107 trillion in obligations of the government will be liquidated is through massive inflation.

Of that $107 trillion you quote, $13 trillion is for fixed dollar amount of bonds which we can print up a small stack of billion dollar bills and pay them off (along with the associated hyperinflation). The rest is primarily for Social Security and Medicare which are not fixed dollar amounts. Print up those billion dollar bills to inflate away the current debt and suddenly the average doctor's bill is in the millions of dollars for an office visit and the future obligations are in the quadrillions or quintillions of dollars instead of "mere" trillions.

9 posted on 06/02/2010 2:48:12 PM PDT by KarlInOhio (I am so immune to satire that I ate three Irish children after reading Swift's "A Modest Proposal")
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To: KarlInOhio

Can you imagine being the first business asked to make change for the first billion dollar bill?


10 posted on 06/02/2010 2:56:55 PM PDT by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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