Barack Obama

[TracyCoxx]

Originally Posted by randolph

It remains to be seen whether we can spend our way out of this debacle. Since the government can create (print) money, this might reduce the future tax load on our children. However, printing money often results in inflation. Oh Oh My, Obama has his work cut out for him and the Republicans will make it even more difficult.

Huh?? Between this package and the bail out package as well as our usual budget overruns, we will be borrowing 2.5 trillion dollars this coming year. You can't just magically print it. Maybe that's why democrats are falling for this BS. They think Obama will just pull the money out of his ass. He'll probably lower taxes on the lower income. Maybe even mid-income. But he'll be raising taxes on the rich for sure. You know... the ol tax the people who actually make this economy work, and let the rest leech off it ploy. But everyone who needs a loan (and their children, and their children's children) will be facing tougher times ahead when interest rates go up to pay off this gargantuan debt.