Quote:
|
Originally Posted by Guest
You have quoted pieces that support your point of view that debt doesn't matter but if you were objective you could find economists that support the exact opposite views. I hear deficiet spending stimulates the economy and agree with that to a point, but it depends on the "investment".. But borrowing, printing, whatever you call it to support spending that has no real potential of return has to catch up with us. Take a cruise missle that I believe cost 1 million apiece to make. You borrow that million and flatten a clay building in Iraq, multiply that by 1000 missles and you have a billion borrowed dollars invested. Using your logic why could we not just open up all the AMT machines across the country and let everyone one take what they need, using honor system of course. It would not hurt anything and stimulate the economy. Maybe
|
Because she is dishonest.
It CAN if it's short term...but this has been going on for 10 years now. Borrowing/spending a $ trillion a year. Can you comprehend WHAT a $ trillion looks like? Those are pallets of $100 bills.
How high is a stack of a trillion $1 bills? Almost 80,000 MILES
It IS catching up...the interest rate is 1% because the government is keeping interest rates down so they can pay the $600 billion instead of $1 trillion a year in interest payments. 40% of world sovereign debt has NEGATIVE interest rates. THAT is how bad things REALLY are.
negative interest rate bonds - Google Search
What do we spend it on? A $ trillion on crap...welfare. We pay people and send them to the doctor...so they can continue to be a burden. From cradle to grave...we take care of them. Democrats...raising voters like cattle. There is NO return on investment with welfare. For every "success", there are a million failures.
Some countries ARE...they're talking about giving EVERY Swiss citizen a minimum income...Finland too.
countries paying citizens - Google Search