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Reply #149: Unfortunately this is true... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

AntiFascist

(1000+ posts) Send PM | Profile | Ignore

Tue Sep-30-08 12:36 AM
Response to Reply #36

149. Unfortunately this is true...

the Chinese have already warned that they may begin unloading US dollars. If we increase our debt by this tremendous amount, and the economy does not recover, then it will end up devaluing the dollar, creating hyperinflation, and interest rates will go up anyway. Also, we could likely kiss Social Security goodbye and universal healthcare will be nothing more than a pipedream. Healthcare will likely become only something people with wealth can afford.

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