Quote:
Originally Posted by acrylix
I think any webmaster being paid in U.S. dollars should be concerned. One of the reasons the United States has gotten away with this scheme for so long is the USD's status as the world's main reserve currency. However, it's well known that many countries are tired of holding onto this mounting debt, and are actively looking into alternatives. Guess what happens to the value of all webmasters' paychecks in U.S. dollars when that happens?
Would be nice if more programs started paying out in other currencies. But the majority of porn sales still come from America.
The mounting national debt is a huge problem which needs to be addressed. A few tax hikes in an already bad economy will not do the trick. Neither will the Fed's ability to create more money out of thin air and lend it to their cronies. The issue is spending, and I see only one candidate who's proposing any serious cuts in this regard: Ron Paul. That is the top reason why he gets my vote.
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The debt can be handled raise taxes and make it expensive to import jobs. After ww2 the debt was 120% of GDP.