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To: cva66snipe
Ron Paul knows this is impossible, we need ever greater infusions of debt just to keep the current ponzi schemes going.

If we started paying off debt there would be a calamatous asset deflation, very destabilizing as in the 30s.


BUMP

63 posted on 04/17/2007 8:36:25 AM PDT by capitalist229 (Get Democrats out of our pockets and Republicans out of our bedrooms.)
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To: capitalist229
If we started paying off debt there would be a calamatous asset deflation, very destabilizing as in the 30s.

It's gonna happen sooner or later. Not just the debt holders within our nation but nations in which we foolishly owe far more than we have coming back to us in trade such as China. We are soon to reach a point where a few nations can literally shut us down simply by calling in the debt. What will be our solution? Military action? The DEMS and the GOP have gutted the military as well.

79 posted on 04/17/2007 10:17:58 AM PDT by cva66snipe (Kool Aid! The popular American favorite drink now Made In Mexico. Pro-Open Borders? Drink Up!)
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