"NOYB" wrote in message
...

"Calif Bill" wrote in message
ink.net...

"NOYB" wrote in message
.net...

"Calif Bill" wrote in message
ink.net...

"NOYB" wrote in message
k.net...

"DSK" wrote in message
. ..
.... The government can borrow ad infinitum because there will
always
be revenue coming in.


Don't you feel kinda strange, calling yourself a "conservative"
and
posting things like this?



NOYB wrote:
I'm a social conservative, and fiscal moderate.

I don't mind spending money, as long as I see see the fruits of
the
expenditures. Money paid towards a strong military,

How about money squandered on pointless slaughter, while obscene
profits
are not only raked in by favored industries... and troops go
without
needed equipment... but those same favored companies commit fraud
&
outright theft?


You really have a warped view of what's really going on.

You really have a warped view of economics. Does not matter what
entity,
it
can not borrow forever, no matter it's lifespan.

But we're not "borrowing forever". A country will have economic ups and
downs. In the "down" years, net tax receipts fall, and deficits surge.
In
the "up" years, net receipts rise, and the deficits shrink. Since a
country
like the US has an infinite lifespan, *AND A CONSTANTLY EXPANDING
ECONOMY*,
it can weather long, long periods of deficits without any adverse
affects.



You get to the condition
on countries of Brazil, 15-50% inflation. Germany, after WWII when
the
paper was worth more than the money printed on it. Inflation is a
tax!


And what is the current inflation rate in the United States?



About 2.5%.


Which is lower than it averaged for the 80's and 90's. In 2000, there was
a
surplus, yet inflation averaged 3.38%. Your argument that a high
inflation
rate is the result of an increasing deficit just doesn't seem to agree
with
recent historical data.


What was the unexceptable inflation rate when Nixon put in wage
and price controls? 3.5%. At 2.5% costs will double in 28 years.


If you can't afford to pay $6 for a gallon of milk 28 years from now, then
there's something wrong with your investment portfolio.




There is the problem with paying $6 / gallon as it is the young family that
is trying to raise kids and does not have a 40 years investment portfolio.
As to inflation, being only 2.5% presently, is because the interest rate is
held artificially low and the government is holding it in check. Higher
employment or higher wages will give inflation a big kick. As inflation is
more dollars chasing less product.