which concept is flawed: living within the means available, or printing new money to pay off later?

Living within you means is always the best plan for fiscal solvency. Printing new money without backing will eventually push inflation to a degree that the Fed cannot make adjustments to overcome it. Greenspan and others have for years adjusted interest rates to keep inflation at a minimum. Eventually the dam will break and the flood of worthless money will catch up to us. When it becomes like Germany where a wheelbarrow of money would not purchase a candy bar, we will, like them burn the dollar for heat. You cannot write an endless amount of checks with no money to back them before it will catch up with you. With continued printing, our dollar will become worthless.

I believe Ron Paul on the undertaking that our efforts at aimlessly printing money has given us extra debt than useful reinforcement. This being mentioned, there substitute into no reason at the back of us to print additional funds interior the 1st place. The reason for the difficulty substitute into supply&call for, yet we misplaced administration via senseless intake and expenses that we fall to blame for. foreign places countries have taken observe, notably China, and the downfall does look upon the U. S. very quickly. I believe the fact "residing interior of our means" because of the fact extra concentration must be unfold on the reason at the back of our monetary instability extremely our justification for ad infinitum printing money. Politics have become so old that we label them previous to time because of the fact we unconsciously misinform ourselves approximately our undertaking.

"Progressives" will avoid this question because it simply exposes one of the major flaws of their economic policies.

Or they will blame former Presidents for the current resident of the Oval Office's childish behavior. I thought that Clinton fixed all the economic woes by closing military bases and stealing all the "W's" from the White House keyboards and the china and silverware before he left

I would have to say the liberal one: Push all problems aside, print money, pay it off, keep spending up.

The second is flawed and is only one of DC's many ways of hiding irresponsible spending.

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We need to raise taxes to live within our means and at the very least pay off the massive debts that Reagan and Bush II incurred. If we pay off their debts, we can manage Obama's debts quite easily.