Hey, im not saying raise taxes now. I'm saying at some point you have to.. if you want to reduce the debt load.
If the people want lower taxes, it should be paid for by reducing gov benefits. Not borrowing cash at 40% levels.
Make the gov smaller, borrow less.. no need to raise the taxes.
I think your idea is sound, to inflate money is a powerful tool, however do you really think the us gov can cut back spending that much?
What about all the obligations?
If you could do your idea, which is.. cut back gov big time.. inflate qe3 (Full Stop)
Could be a win, but i think the programs will keep going up, what is it at: borrow XXX Million Plus Per Hour just at the fed level?
If the people want X amount of goodies from the gov should be X amount of taxes, no borrowing, or printing Trillions to pay for it.