Commanders Post at The Warpath - View Single Post

That Guy · 10-23-2008, 08:25 PM

leverage isn't bad, but if you can't pay your debts or create more money to pay them, you get inflation, less foreign investment, higher interest on new loans, etc

having an exploding debt year after year will eventually create problems, we're just lucky cause the world is tied to our economy and our national debt is only about 25% at 11trillion (i think) so you haven't seen the rampant inflation or credit problems (as a nation) that other countries would see if they ran themselves like we have...

10-23-2008, 08:25 PM	#10
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,574	Re: Any opinions on deficits and economy? leverage isn't bad, but if you can't pay your debts or create more money to pay them, you get inflation, less foreign investment, higher interest on new loans, etc having an exploding debt year after year will eventually create problems, we're just lucky cause the world is tied to our economy and our national debt is only about 25% at 11trillion (i think) so you haven't seen the rampant inflation or credit problems (as a nation) that other countries would see if they ran themselves like we have...