My friend Roger is getting himself into trouble by stating the obvious in too candid a way. Have we become so desperate that we do not care how much money the government borrows? We buy from China. They take our dollars, say 'thank you' and then lend our dollars back to us. If the Chinese economy starts falling apart and they have to start raising cash, I would not be surprised if they started calling in the loans from the US government. Wow, that would be a problem.
Has anyone ever successfully borrowed ever increasing amounts of money and managed to get themselves out of debt? Probably not, so why does everyone think this is a great strategy for the government?
Roger, I don't think you are that far off the mark. Hold your ground.
