[QUOTE=Tock]1) You were doing just fine until you got to this point.
Oy vey . . . the National Debt has gone up and down quite radically over the past 35 years. I remember when it hit 500 million. That was quite a thing. Clinton had it down to 1 or 2 Trillion. Today it's 7, and it'll likely double again in another 4 years. When that happens, the gov't will have to borrow lots of money, and as the investors begin to run short of money to lend, competition for the remaining bucks will lead to higher interest rates, which will make it harder for businesses to borrow to run their businesses, which will cut back on jobs, and all sorts of other ills will happen, and the earth will spin off its axis and everyone will look like Michael Jackson. Not a pretty thought.
2) Inflation is something entirely different. I'm not gonna get into this, I gotta go to the gym, but check "Inflation" out elsewhere on the web.
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Tock, there has not been any dramatic decrease in the national deficeit over the past 35 years. You are so wrong. Maybe 32 years ago there was a slight decrease in the deficeit but in relation to the current problem, it is no where near debatable. Get with it. The debt has been around a lot longer than myself and for a good majority of your life so stop blaming current politics, it's stupid. And I will beg to differ. Inflation is the current value of today's money. The longer one has a debt, the longer inflation keeps up with that debt. Just because you had to go to the gym, don't act like you don't know what inflation is. Here is a copy and paste from dictionary.com
inflation
n 1: a general and progressive increase in prices; "in inflation everything gets more valuable except money" [syn: rising prices] [ant: deflation, disinflation] 2: a act of filling something with air [ant: deflation]
So, a loan, if not repaid at the time will become more valuable. But think back to the times when the deficeit was introduced. The president, regadless of the party, was compelled to spend the money at the time. Thus, a defeict was introduced leading us to current times