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XDCX · 03-08-2010, 03:41 PM

I finally had a chance to get caught up and read this thread. It really is depressing.

Spending in Washington D.C. is out of control and our relationship with Japan and China is certain to worsen in the coming years as they become less willing to fund our deficits by purchasing our debt.

While I'm no expert, my fear is the government is going to have to use inflation as a tool to reduce their debt exposure. It reminds me of the late 1970s when floorplan rates were above 18% and rates for auto loans were even higher.

What's worse, in my opinion, is the fact there are so many people on some form of public assistance it's getting almost impossible to vote the high spenders out of office.

03-08-2010, 03:41 PM	#4
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	I finally had a chance to get caught up and read this thread. It really is depressing. Spending in Washington D.C. is out of control and our relationship with Japan and China is certain to worsen in the coming years as they become less willing to fund our deficits by purchasing our debt. While I'm no expert, my fear is the government is going to have to use inflation as a tool to reduce their debt exposure. It reminds me of the late 1970s when floorplan rates were above 18% and rates for auto loans were even higher. What's worse, in my opinion, is the fact there are so many people on some form of public assistance it's getting almost impossible to vote the high spenders out of office.