- #316
Ivan Seeking
Staff Emeritus
Science Advisor
Gold Member
- 8,143
- 1,761
DrClapeyron said:Financial responsible decision planning motivates economic growth in the US. The inflowing capital stimulates increases in production quotas and increases in the standard of living. If we cut off this source of funds and created a closed economy, isolation will lead toward a system where the production possiblities have limit and have been obtained.
The inflowing capital should not be to finance deficit spending, it should be for investment in business, and for goods and services. What you are defending is financial suicide.
traditional and proved economic policy directions.
The point that you are missing is that the system is failiing because of these policies. You are acting as if we don't have a crumbling infrastructure, runaway debt, a depleted military, a mostly lost city [New Orleans] that we can't afford to rebuild, and a health care system and SS system that are facing collapse.
Whether the initial lender is the China or the Saudi kingdom, payment is made back towards the party. This is a loan istelf which works both ways but the exchange of dollars from one party to the next must be initiated by one and then later of course the other follows. This creates no net debt accrued over the time period.
What you are saying is that we are not paying more and more interest for our increasing debt, which is false.