To: spikeytx86
If the Chinese balk, and no one takes up the slack, the only alternatives are either A.) Curtail Spending or Drastically Raise Taxes to cover the short fall or B.) Raise interest rates until a point is reached that buyers are enticed to buy more of our debt.Um, you neglected to mention Option C. Print dollars till hell won't have 'em -- and neither will the Chinese (but perhaps i repeat myself.)
31 posted on
01/07/2009 7:01:10 PM PST by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
To: BfloGuy
Thanks for pointing that out
C.) The Zimbabwe option, print money until it’s not even worth as much as the paper it is printed on. But we will all be millionaires!
32 posted on
01/07/2009 7:05:54 PM PST by
spikeytx86
(Pray for Democrats for they have been brainwashed by their fruity little club.)
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