Donny Boy should not have run for president

[thriftylefty]

I still don't know how he pulled it off. People have been complaining for years about the strangle hold that big business has on politicians and government. So they put a big business man in the White House?

[aus10]

Originally Posted by banjomike

Government does not earn money. It creates it.

Explain to me how Government creates money. (And no... I'm not talking about printing it!)...
Does the government make a product that folks pay for? Is it a service industry? Are there some well-oiled government agencies that make a profit? I know, we'll fix it for you.

Government does not earn money. They TAX you for it. And then they SPEND it.

[thriftylefty]

Originally Posted by aus10

Explain to me how Government creates money. (And no... I'm not talking about printing it!)...
Does the government make a product that folks pay for? Is it a service industry? Are there some well-oiled government agencies that make a profit? I know, we'll fix it for you.

Government does not earn money. They TAX you for it. And then they SPEND it.

When politicians kept derivatives deregulated they created money. The money is still somewhere it's just not in the value of the homes that were built during the run up.