Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SolidSupplySide

That's all good. How are we gonna fix the national debt?

What do we do now to stop it from growing so much?

Is are economy based on myth by using debt to create wealth?


51 posted on 12/12/2005 3:35:03 PM PST by Liberfighter (A half truth is a whole lie)
[ Post Reply | Private Reply | To 48 | View Replies ]


To: Liberfighter
Is are economy based on myth by using debt to create wealth?

You need to take a macro economics class at a local community college.

But suffice it to say that in order for the government to borrow money, someone must lend it to the government. The amount that the government borrows and spends exactly equals the amount that someone has lent and foregone spending. It is impossible to "use debt to create wealth".

54 posted on 12/12/2005 3:39:14 PM PST by SolidSupplySide
[ Post Reply | Private Reply | To 51 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson