elkintribune.com

Letter to the editor

WXII
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1 years 1 months 12 days 22 hours ago |144 Views | | | Email | Print

Debt? Is it true that the US owes $16 trillion to its creditors? Is it true that’s 16 times 1000 billion? Is it true that we’re paying very little now, but when rates return to normal, interest alone will consume most of our GNP? Is it true that we’re paying our debt by printing lots of worthless money? Will this lead to inflation like we’ve never imagined? Is it true that Germany destroyed itself with worthless money and hyperinflation? Or are all these fears just more baloney from the Political Right ?


Richard Merlo


Elkin

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