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Old November 9th 04, 09:10 PM
AustinMN
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Bill Baka wrote:

Chalo, you got a lot of it right. We are something over 3 trillion
dollars in debt and China holds a lot of it. I have never yet
heard a president talk about reducing the debt, just the deficit.


That's because all that's needed to make debt irrelevant is a burst of
inflation. Inflation has plenty of other bad effects, so every politician
just hopes the next administration will have to deal with it.

Austin
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I'm pedaling as fast as I durn well please!
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