Anyway the point of my original post was th at it is indeed possible to pay down the debt without raising taxes, since everyone seems to point to Reagan and say it can't be done.
Put some hot sauce on my burrito baby!!
Things that will bring the US government to a halt:
1. The continuous printing of the US dollar.
2. The fact that businesses are now (more than ever) accepting foreign currency.
3. Oil will no longer be bought with the dollar.
4. Countries are no longer accepting the US dollar.
The ride is over.
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Your saying that the explosion in commodity prices and equities are not the result of either excessive demand or restricted supply but devaluation of the currency it's priced in?
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