[WOSG]

sorry but you have it backwards.

Economically, borrowing is better than taxing. You fail to account in your story for the increased economic inventive of the lower rates, which yield higher revenue over time than higher rates. Reducing cost of govt through lower taxes yields higher growth which lowers the future burden of govt. excessive borrowing cannot be sustained, but it is almost never a bad idea to cut taxes. moreover, the tax cuts correspond over time with spending cuts.

[massadvj]

sorry but you have it backwards.

Guess I must be poor, then. I've been speculating in real estate, antiques and art, gold and soft securities for some 30 years. Thought for sure government borrowing was a bad idea. I bet against Nixon when he did it, Carter when he did it, and to a lesser Reagan when he did it (Reagan at least had a bit of fiscal restraint). Won every time. Guess I'll have to give all that money back.

[OPS4]

So what do we do about the trade deficits with third world countries and our traing partners.As well as the monies we are owed from the loans that are never paid back?

It would seem to me that these factors would prevent our dollar from gaining back it lost value.

Ops4 God BLess America!