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10/31/2010

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By increased spending & so called dollar printing, US is in a rare position to devalue its debt over a period of time.
If British govt. did this, their debt load would increase in proportion to currency devaluation. Doesn't sound like a kool incentive does it?


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This is why the UK’s experiment in reducing rather than raising government spending while Britain is still coming out of its serious recession is not only daring in the present economic climate, but it is also of great value in determining whether growing government spending is a valuable way to speed an economy out of a serious recession.

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If British govt. did this, their debt load would increase in proportion to currency devaluation. Doesn't sound like a kool incentive does it?

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If British govt. did this, their debt load would increase in proportion to currency devaluation. Doesn't sound like a kool incentive does it?......

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If British govt. did this, their debt load would increase in proportion to currency devaluation. Doesn't sound like a kool incentive does it?

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That was my thought,too.

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Maybe the knowledge that the debt ceiling could be a dramatic face-off can help the government try to avoid having to raise the debt limit in the future.

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