re: #476 johnnyreb

That is scary simply because the Fed will have to pay that money in the future and it will generate a tidal wave of inflation. Inflating our way out of debt is honestly the only way out at this point, we are way too far in for tax increases of being able to cover the debt. And I am starting to see some economists actually admit as much. One guy this weekend even said without a massive new revenue stream the US is effectively bankrupt.

I am not saying we will see hyper inflation levels, but we will most likely be seeing levels unheard of before in this country. Certainly double digit inflation annually.

You can grow your way out of this, but not with this administration in the White House.

I think we will eventually hear about a VAT tax. In any event, we are spending the incomes of our unborn grandchildren right now, but the left does not care as long as they are in power.