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URL:  https://boards.fool.com/we-may-not-have-a-fiscal-crisis-at-this-very-33970701.aspx

Subject:  Re: Bogus Fiscal Crisis Date:  2/6/2013  12:46 PM
Author:  amassafortune Number:  393925 of 392

We may not have a fiscal crisis at this very moment, but that is mainly due to the reserve currency status of the U.S. dollar. 

If the article is all true, then we were silly to run a budget surplus under Clinton when we could have been funding programs and projects at $1.5 trillion more per year. 

Debt is a poison. We all survive, even thrive with low levels of toxins for very long periods of time. The only time it matters is when the levels exceed some unknown level or when the exposure time exceeds our healing or immune system's cleansing capacity. 

Just ask a smoker who lists cigarettes as one of their daily joys - until they name it as one of their life's biggest regrets. 

Our current fiscal contentment will continue as long as our digitally-printed currency (immune system) is accepted, but don't mistake the Federal Reserve's "success" as having found a perpetual answer to prudent, restrained public spending.   


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