You realize that America can inflate its way out of debt, right?

[LJ_Reloaded]

You have left wing idiot down pretty well. I have not made a single intelligent comment

^^^ edited for truth.

Seriously, lay off the glue.

 

[LJ_Reloaded]

http://pointofviewcameras.com/images/blog/gopro/nab2010/gopro-hd-advanced-combat-helmet-ach-miliary-mount.jpg



Right, because we haven't hyper-inflated the currency to pay off the debt YET as the OP suggested. Pay attention to the posts. If we do as LJ suggests we WILL have rampant inflation.

Argentina devalued their currency to beat their debt after their 1999-2002 debt crisis.

Their poverty rates plummeted and their wage growth slightly outpaced inflation.

Have anything to say to that?

 

[KingOrfeo]

Let us also keep in mind that Weimar Germany's hyperinflation and depression had little to do with Hitler's rise to power, years after the currency had been stabilized and the depression seemed (for Germany) to be over.

 

[unregistered]

 

[LJ_Reloaded]

Argentina devalued their currency to beat their debt after their 1999-2002 debt crisis.

Their poverty rates plummeted and their wage growth slightly outpaced inflation.

Have anything to say to that?

LOL, guess not.

 

[Somehowyou]

Argentina devalued their currency to beat their debt after their 1999-2002 debt crisis.

Their poverty rates plummeted and their wage growth slightly outpaced inflation.

Have anything to say to that?

This is true...I was just there. The Argentine government also seized all the private pensions as well.

If we inflate our way out of this our standard of living will take a big turn for the worse. We will all lose.

 

[LJ_Reloaded]

This is true...I was just there. The Argentine government also seized all the private pensions as well.

If we inflate our way out of this our standard of living will take a big turn for the worse. We will all lose.

But if poverty rates decrease, that's not a turn for the worse.

Plus, America's standard of living is already declining for 99% of Americans. With all the austerity that is hanging over our hands and the constant offshoring of American jobs


a permanent and drastic reduction in America's standard of living is unavoidable.

Drastic doesn't even cut it when describing what we are headed for WITHOUT a major collapse.