> RoMunn wrote: > to a lower Gross Domestic Product over the next 10 years than if the > government had done nothing." >
Yeah, I said that like a week ago. There are only 3 options when the government borrows money: 1.) Default 2.) Massive inflation 3..) Raise taxes and lower spending. But there's no choice, since the gov't MUST shore up dropping asset values or everyone will go bankrupt since everything will be worth nothing. The CBO analysis, however, assumes all things equal. What you have to hope is that massive stimulus does the same thing it did in 30s and 40s: Spur new industries (green?) or roaring companies that don't fear issuing bonds at high prices and investors that have confidence in buying them. And that sure as hell ain't gonna happen if asset prices keep dropping will it? So there's no choice. FULL STEAM AHEAD BABY! W0000000T! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:287635 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
