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Old 08-30-2011, 10:23 PM  
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Originally Posted by Eddie_T View Post
Your analysis and basic understanding seem a bit inadequate. In the long haul where would investment money come from if interest rates are not higher than the inflation rate? People and nations are already turning to gold and silver for investment.
The main vehicle for government borrowing is the T-bill. A t-bill is an incredibly modest investment, purchased for stability, not return. In terms of return, it is in the category as tangible goods, but subject to different volatility.

My examples have been on the optimistic side, but not excessively. The point is that borrowing DOES increase our real wealth relative to not-borrowing, even though we pay interest. It is the reason that t-bills are a store of value, not a highly lucrative investment.
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Old 08-30-2011, 10:33 PM  
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yeah, the justification is Barack Hussein Obama!
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Old 09-03-2011, 10:36 PM  
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The American Legion Magazine has a good analysis of the debt problem as can be seen here: Zero Hour | The American Legion | Veterans Serving Veterans

The author does miss it a bit in explaining that the SS trust fund has been spent, I don't know where he might think it could have been preserved.
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