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Politics : Moderate Forum

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To: Skywatcher who wrote (20760)1/31/2011 2:41:30 PM
From: TimF  Read Replies (1) of 20773
 
Nothing anti-American about making your debt payments, before conducting other spending, that just acting sensibly. (Esp. when the primary budget deficit is going to continue to be large, we can't inflate away or default on the debt and continue to borrow at the nice low interest rates the treasury gets now. Inflate away the debt and all that social spending you want becomes totally unaffordable much quicker as interest rates soar. Default on the debt and we can't borrow for those programs at all.
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