How
will we be able to ever surmount the extraordinary U.S. debt? Despite
what the politicians on the left say and the Federal Reserve attempts
to reassure us, there is probably only one way governments do it.
Inflation. Governments inflate themselves out of the debt.
Jobs
and a booming economy can produce tax revenues without increasing tax
rates. But I’m talking 7% to 10% growth, not 2%.
You
can be sure of certain events never happening. You cannot tax
yourself out of debt. It has never been done before. (See the Earl J.
Weinreb NewsHole® comments.)
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