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Old 10-10-2018, 08:44 PM
Raev Raev is offline
Planar Protector


Join Date: Sep 2014
Posts: 2,290
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Quote:
Originally Posted by Lune [You must be logged in to view images. Log in or Register.]
Republicans are borrowing against your children's future
Making this a partisan issue is prima facie ridiculous when Obama added a cool $10 trillion to the national debt. The good news is that we are not borrowing against our children's future! As the world's reserve currency, US deficits don't matter because other nations need our debt as high quality collateral (see: Triffin's Paradox). With Trump in charge and the American economy booming this could go on for quite some time. Clinton and the globalists would have switched to the SDR. In any case, the US debt will never be repaid in real terms. It will be inflated away, and the losers will be the people holding treasuries, which will mostly be the boomers' pension funds.

Quote:
Originally Posted by Lune
Also, what happens with massive tax cuts and deregulation following economic recovery? You pull the control rods out of the reactor and it gets real hot real fast.... and then it melts down.
This analogy fails miserably. Deregulation and tax cuts and free(er) markets aren't a temporary fix, it's the best way to organize an economy in the long run.