see Detroit as an example of what happens when there's no moneyIrrelevant. Detroit does not have the ability to print its own money, the US government does. I know, I know, inflation! eek!. Unless the deficit scolds win, some inflation is a good thing; it falls a little bit on everyone, including foreign markets (where they have bought US bonds). There have only been two times in US history where we have not had deficits and we seem to have survived. More than that, thrived!'But if the people who think that the US government should be run like my family: "without debt", I will ask "When was the last time you built a road, didn't charge people to drive on it, and fixed it free?" And by the way, do you have a mortgage? Buy your cars on a payment plan? Have credit cards? And when, exactly, do you think the US is going to die?Detroit. Irrelevant to Social Security. Deficit scolds: bad for economics. Of course I admit they are winning the argument at the moment, but I would submit they are causing great damage. Interesting chart here showing government hiring and spending, per capita, in the recent recession - which may answer a lot of why the recovery is slower than usual:http://tinyurl.com/jvrrjts
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