Thanks to our trillion-dollar deficit, inflation will hit us hard
submitted 11 months ago by dcjogger from (nypost.com)
[–]VirtualMerlin 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (1 child)
We had a trillion dollar deficit in 2009, 2010, 2011 and 2012. were still here.
[–]dcjogger[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (1 child)
Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
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