During periods of inflation, money crowds into various bonds, allowing saving to exist. Anyone holding large sums of cash is just plain weird, unless it represents only a small fraction of their net worth.
I am not arguing for inflation in anyway, but deflation is even worse from my perspective.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
This is willful and borders on criminal negligence to spend this kind of money without ANY debate about how to pay for it all; BIG DIFFERENCE here folks.
In Obama and the Democrats case, the willful continuance of spending vast sums of money they just don't have without any consideration or debate on how to fund it all borders on criminal negligence.
But we all understand why there have been NO debates on funding don't we? Aside from the fact that Pelosi and Reid LIED to the American people about transparency and fiscal responsibility in pay-as-you-go legislation, any talk about the tax increases it will require to pay for the trillions already committed, not even to mention the trillions contained in Obama's speech last night, would cause a revolt amongst the American people.
When the tab for all these programs is exposed and the taxes needed to cover it are requested, the American people will revolt.
This will be one of the BIGGEST I-told-you-so's in American history before the end of this Left Wing Socialists first year in office.
It will have the American people scratching their heads wondering why they refused to listen to the Conservatives and Republican Party that warned this is what they would be getting.
It is amusing to see you parrot the Liberal talking points considering you aren't even an American but gleefully wish America to be as bankrupt as the Canadian and European systems are. After we get Universal Health Care shoved down our throats, there won't be anywhere for the world to turn for the major care no other systems provide with any kind of efficiency.
But it doesn't end there, then we have to add the cost of regulations that increase taxes for US firms doing business in foreign countries and this will just shut down the US divisionís profitability.
But it doesn't end there, we will also have protectionism and now the costs of higher labor and materials will also have to be born by the American consumer.
Yes folks, this change is a BOON only to the politicians whose power will expand beyond even that of Roosevelt. I hope the American people are ready to reap what it is they have sown.
Pain can be such a beautiful thing