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The rest is coming from borrowing. That isn’t sustainable.

The statement made above is not an educated opinion.

Japan currently has far more debt and after WW II the US had far more debt in relative terms.

The above statement is popular in some quarters and easy pickings for the press to misinform the populace, but it is wrong.

We need to cut taxes over time on work done by anyone from the doctors to the dishwashers. This form of demand side econ would cut the welfare pool of recipients and see greater productivity out of US workers.

Workers in this country are far under paid and over taxed.

What causes inflation out of such policies is not the workers being very well paid, but the workers borrowing money at the same time.

Back in the 60s with the Vietman war raging the govt and the working folks were borrowing en mas....that is what caused the super spikes in inflation which were self feeding all the way into 1980.

ofw,

Dave
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