Lake Martin Topics: Dollar Value

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	Name:	MartiniMan -
	Subject:	Dollar Value
	Date:	3/18/2008 1:49:53 PM

Feb: I am like you, I don't like debt. But I think if you look at our current debt vis-a-vis our gross domestic product it is actually nowhere near historical highs. Unless you have a demagogue economist (i.e., someone tied to a politician that benefits from making the national debt an issue) , most agree that the level of debt today is not something we need to be concerned about from an economic standpoint. One thing I believe from experience is that there are two ways to reduce the national debt, lower government spending and lower taxes. Its worked every time its tried.

As for its relationship to the value of the dollar it seems a bit counterintuitive but like a lot of economic issues its just the way it is. I still take exception to a debit being a debit and a credit being a credit. I guess my rebellion is why I got C's in accounting. :-)