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I feel sorry for Americans who had their tax dollars flushed down the toilet just to make the situation worse. Where the government is in trillions in debt.
I feel sorry for Americans who had their tax dollars flushed down the toilet just to make the situation worse. Where the government is in trillions in debt.
By keeping real interest rates negative for quite a long time, in all likelihood.
Do you know in Ancient Rome when the government needed money, the emperor at the time Nero basically killed all the rich people and seized their money. Those were the good old days.
Project Iraqi Freedom doubled American public debt.
Oh. It's completely absent from your title and OP, which is why I was confused. Plus, debt is the difference between spending and taxes, so it wasn't really the tax dollars that were spent. And it was really done to compensate for our high trade deficit, not to pay for the war.
In response to your title, the US will never have a problem paying the debt because they can create US$ any time they like. I've been told that the only effect of high debt is to depress the international exchange value, which is something we could really use.
There are many things wrong with what has been done in the US, but "too high fiscal debt" is certainly not one of them.
Do you know in Ancient Rome when the government needed money, the emperor at the time Nero basically killed all the rich people and seized their money. Those were the good old days.
How well did that work out for Rome? About as well as it did for China with Mao?
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