puttster

How the Federal Government will Lose in 2009

You don't give a shred of evidence to support your claim that "There is no way to finance its budget deficits without devaluing the dollar or causing interest rates to rise."

Why are you disbelieving the fact that your own eyes can see? Market forces strengthing the dollar and pushing iinterest rates down?

What about comparable economics, eg, Japan. Japan's debt dwarfs ours. It is something like 200% of GNP while ours is a measley 60% and after the Obama trillion will only rise to 66%. But here's a fact - the yen is a powerhouse, and its interest rate is a mere 1%.

Where are your facts? Not just more speculation, facts!