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To: Ditto
"For a government that has accumulated trillions in debt, inflation is the only way to pay back the bills."

No, economic growth is how we've been doing it.  

A half century back total private wealth was five times the national debt.  That was OK, but today's wealth is a dozen times greater than the debt.   Not many people know that Americans donate millions of dollars yearly to the US treasury.  At the rate we're going maybe some individual will celebrate the next centennial by voluntarily paying off the entire national debt.

87 posted on 01/22/2009 10:47:46 AM PST by expat_panama
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To: expat_panama
No, economic growth is how we've been doing it.


98 posted on 01/22/2009 6:54:42 PM PST by Ditto
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