Posted on 09/11/2021 12:46:56 PM PDT by Oatka
Sit down, Karen.
The idiot congress critter’s argument that we can merely print all the money we need ignores that doing so does not avoid a crisis that approaches bankruptcy, it merely moves the goalpost into the future when reality will catch up with the inflation all that printed money creates, again making bankruptcy a possible condition the government would be faced with. Argentina has tried this idiots method (and similar stupid acts) more than once and is nearly always a South American financial basket case.
No, this guy is not correct. He’s saying money creates wealth. But money is only the MEASURE of wealth. He’s saying we can change the weights and measures on a scale to say whatever we want it to say.
As long as there is someone out there willing to accept the US governments word that our money is good-it's good.
Might only be worth a fraction of it's face value but it allows the scum suckers running the country into the ground to keep on keepin' on.
What makes you think they are wrong?
You are stuck in the past, with visions of real money in your head. You know, convertible gold at $20.67, convertible silver at $1.29.
Forget about it. We do not have real money, and no one else does, either. You become “rich” by taking on more debt.
Congress has racked up $100 trillion in present and future indebtedness, and the goldbugs have lost their shirts, over and over.
Get with the times, for heaven’s sake!
“You can take _that_ to the bank.”
My translation of your statement is that under the conditions you speak of the Congress, the President and the Courts will all agree to NOT pay some of our debt when due and continue to spend scarce federal revenue on other things.
Is that what you meant?
You are dreaming.
We don't owe anyone anything that does not consist of little green slips of paper, or their digital equivalent.
We've got plenty of paper and ink, and lots of disk and virtual storage.
And, it's not in China's interest to dismantle a system which is making them rich and ruining us.
Paying the bills is not the purpose of Federal taxation.
If tax revenue fell to zero tomorrow, nothing would change except their ability to punish you for pluck and enterprise would be diminished.
Mark
It collapsed in 1965, or didn't you notice?
So you’ve totally disregarded your clever meme, haven’t you?
You saw my post, didn’t like it yet didn’t move on.
You’re too easy, try to be more clever in your hateful tactics.
Put some thought into your attacks.
So far you’re just kicking clods around.
By the time China calls due their $900bn in Treasuries a Big Mac will cost $500bn.
This Idiot is now on Rumble for those of you that don’t want to click on Twitter
House Democrats argue : We can’t go bankrupt because we have the power to create endless money
https://rumble.com/vmdp29-house-democrats-argue-we-cant-go-bankrupt-because-we-have-the-power-to-crea.html
What I meant was that chaos theory will kick in—there will be no rational decision-making, just hysterical screaming and finger-pointing, and _anything_ is possible at that point.
Wow! He’s dumber then Kamala Harris.
No one in Congress of either party or either house is calling for a reduction in spending.
He said we couldn’t go bankrupt. He’s right.
He left out that high inflation will result, significantly lowering everyone’s purchasing power.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.