DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The decline of USA: Is Obama up to the challenge?

**dmitrynts** · 01-04-2009, 06:50 PM

The main problem with the US - Negative Savings
How is Obama going to fund any welfare programs without raising taxes?

Simple. Print money.

This is a littel dangerous. One one hand if he wishes to finance healthcare, he needs money and he would have to raise taxes. At a time like this, that is not going to be a desirable option. Another option is to print money. Printing money is only going to cause the US$ to fall and in the extreme case , make it worthless. Its like the choice between the devil and the deep blue sea.

01-04-2009, 06:50 PM	#5
dmitrynts Join Date Oct 2005 Posts 448 Senior Member	The main problem with the US - Negative Savings How is Obama going to fund any welfare programs without raising taxes? Simple. Print money. This is a littel dangerous. One one hand if he wishes to finance healthcare, he needs money and he would have to raise taxes. At a time like this, that is not going to be a desirable option. Another option is to print money. Printing money is only going to cause the US$ to fall and in the extreme case , make it worthless. Its like the choice between the devil and the deep blue sea.
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