Re: Fed on brink of fifth(?) round of quantitative easing
Of course it would. Nobody is going to lend us money when it is clear they will never be repaid.
why lend to the us government in the first place? why would anyone do that? that just causes inflation because the government has to print more money so they can repay them. so people like that are actually hurting the economy.Quote
The military will only survive as long as we can pay for it.
you don't have a choice. you HAVE to pay for it if you're a us citizen that pays taxes.Quote
If we don't raise the debt limit, or no one will lend to us, or we devalue the dollar by printing trillions more, then the government can't keep spending, and the military budget gets slashed by billions.
do we really need 4 different armed forces? maybe one is enough. so maybe trimming the fat would be a good thing. what you don't want is the world to adopt some other currency besides the dollar to measure the price of oil in. some expert was saying how if that happens then the dollar is over and done with. 