Detailed text transcripts for TV channel - FOXNEWS - 20100419:04:06:00
Has dug us so deeply into debt there is only one way out, inflation? >> another way is tax cuts but he's not about do-to-do that. these are tables i took out of the book of the on september 8th, 2008, money supply was $875 billion, december 7th, 2009 is $2.9 trillion. then there, is issue of the deficit. in 2008, the deficit was 3.2% of the gdp. now, it's 12.9%. it went from 4% to 12% z with that, now, we getting deficit at bargain basement rate. we're printing money to borrow it back and just pay 3%. >> not yet china. what is going on now is going to a bank and saying do you