So whats the big deal?

I just had a very interesting conversation with a friend of mine about the economy. He is freaked out because prices are going down like they did before the great depression. He is a financial guy so he was able to speak with some authority. He is also freaked out about the possible bail out of GM by the federal government. I see his point, congress is trying to fix the economic crisis caused by bad loans and too much debt by creating more debt.

It reminds me of the 0% balance transfers offered by many of the credit card companies to convince us to move our debt from one place to another rather than pay it off. So you move yourdebt from one place to another racking up "transfer fees" until the debt gets so big that no one reputable will give you another transfer. Then you go to the loan sharks, I mean payday loan stores. Then you can't make the payments and they come break you legs.

I guess this sounds good to our congressman (most of them probably own payday loan stores. They are going to borrow more money from progressively less friendly nations until no one will lend us money. Then the loan sharks will come in and break our national "legs."

The solution....print more money. Thats right, its all just paper any way, lets print lots of it. We could send it over to iraq and afganistan... instead of droping bombs we could drop tons and tons of $20 bills. Kazam the wars are over, were out of debt and every ones is happy...