Brandon Pilzner

U.S. Economy: Spending and Phantom Financing Will Only Lead to Ruin

To say that I am 100% wrong is just being ignorant. Obviously you are stuck in the mind-set that we will get out of this one like every other time. This time we owe back a lot more money to other countries, and and our debt has grown and will grow further in the future. Inflation is imminent. At least I am not being closed-minded like much of you are. I am seeing all the different possibilities that can come of this. No one ever thought the housing-market would break down, but the people that were saying it was going too were laughed at on national TV. Let's see whose laughing now... A lot of people were saying we had the best political and economic policies back in 2006 (Art Laffer) and other people were saying things were looking bad and a bad recession is looming in 07-08 (Peter Schiff). Everyone laughed at what the nay-sayers had to say, but look who had the correct philosophy. My proposed solutions were just something as an idea, not a lead. If I wanted to say how we would get out of this, I would have to write a whole new article. If your generation's students had as much wit as I have, maybe we wouldn't be in this mess right now.