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First of all, what the hell do you mean "for society"? Everything the government does is, in theory, "for society."
Second, no, we borrow way to much from China, the federal reserve, etc. Thing is, most of said borrowing came from the openly right wing presidents, like Reagan and Bush, to build a useless empire overseas. If we cut our imperial budget (I refuse to call it defense spending) by two thirds we'll be out of debt...but the military industrial complex would never go for that.
The new borrowing has been brought to us by that right-wing hack Obama and his still perpetual war and kickbacks to the corporations who own him.
If we ended corporatist kickbacks, ended the empire and had a fair tax code with tariffs on goods made in communist China and money hidden in tax shelters, we would be out of debt in less than a decade. America is run by openly right-wing hacks (republican) and closeted right-wing hacks (most democrats and the douche-monkey in chief) and hence that won't happen.
Oh, and the vacation time in most European countries is the result of 80% of their populace being in unions, as opposed to 10% in America. The government doesn't have much to do with that.
Did you just call our African-American president a "monkey"?
I am sure there are plenty who think why not? Our whole economy is based on debt.
Haven't looked at more recent Numbers by the FED, but wouldn't be surprised if this number were much larger by now.
The Fed could easily whip up another $15 trillion - $25 trillion.
You can forget about Americans doing without and suffering from a lack of government programs to assist them with their lives if the Fed can just blast out a few dozen thousand billion dollars or so.
The Fed can just print more money to keep the interest rates down.
lol.
Here's the question you leftists can never answer: if the Fed can just print money to infinity to fund the leftist programs, why is ANYONE paying taxes? Hmmmm?
Originally Posted by clb10 If America can borrow $20 TRILLION for hunger programs and schools and paid sick leave and other France like programs then why not?
It would only cost around 2%…
Good idea, progressives?
Quote:
Originally Posted by dv1033
Nope.
Since we are asking stupid questions.... Conservatives, should we govern like Somalia in order to rid ourselves of govt burden?
Well, that was a deflection that didn't even make sense. What does governing like Somalia have to do with borrowing more money? IF anything we'd end up looking more like Somalia as a result of an extreme debasement of our monetary system.
How is it a stupid question? Haven't Bush and Obama ran up the national debt $15T on credit? GWB adding $6T to the debt in 8 years was unpatriotic!!! Obama adding $9T to the debt in just over 4 years is a great accomplishment. Exactly, how does that even compute for the Obamatrons?
Bush was unpatriotic, making Obama tyrannical. Apparently he has kill and enemies lists. That makes him Nixon in drag.
If it were you would have taken a little time to explain why instead of using your time for sarcasm.
My guess is that you don't know what you're talking about.
Liberals must make up their mind:
Either we borrow like mad or we practice reasonable, logical fiscal governance.
You can't just switch back and forth.
The question is stupid because it is nothing more than a generalization. The world doesn't operate on black and white principles, yet that is how you present it.
The Fed could easily whip up another $15 trillion - $25 trillion.
You can forget about Americans doing without and suffering from a lack of government programs to assist them with their lives if the Fed can just blast out a few dozen thousand billion dollars or so.
Interest rates are very low.
What's use of printing twenty thousand billion dollars, and having low interest rates if the result is a $10 loaf of bread, and $15 gallon gas?
We are enjoying a strong dollar because even though we've started the printing war, our economy can handle it somewhat. Now that the EU, and BoJ have joined the US and China in printing wars the world economy is set to spiral out of control.
Here is a simple problem:
We print one dollar and that dollar can buy a loaf of bread.
We print another dollar; how many loaves of bread can those two circulated dollars buy?
One, because the cost of making the bread just doubled.
Really if giving everyone who doesn't want to work so much free money is good, why not just have the Obama administration raise the debt more trillions and let the taxpayers stop having to give up so much of the money they worked for.
Just have the government hand everyone $100,000 a year with no taxes taken out -- add it all to the debt that the liberals say can be unlimited.
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