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How are additional petri dishes and agar procured? Who pays for that?
And while you may think there's no set limit on USD (aka, print more at will), Zimbabwe (and others, e.g., 3rd Century AD Rome, Weimar Germany, etc.) thought the same thing. How'd that turn out?
Petri dishes and agar are simply resources. There is no limit on how much can be created if needed by the country at large.
These resources can be paid for by tax money or new money created centrally, assuming federal management.
Zimbabwe has no productive capacity, no reliability of safe and secure gov't or rule of law. So they use USD, the safest and most secure money in the world.
Weimar lost their productive capacity and were bankrupted, having to pay war reparations in currency they were not sovereign in. USD's would have worked, but they didn't have them.
The tax cuts, out of control spending is intentionally blowing up our deficits so that within a year or so Congress will determine the only solution is to cut Social Security, Medicare and Medicaid. The “entitlements” the GOP despises. Unfortunately, the vast majority of Americans have not saved for retirement, will not be able to afford health care and even moderate cuts to these programs will further perpetuate the “haves” and the “have nots”.
The tax cuts, out of control spending is intentionally blowing up our deficits so that within a year or so Congress will determine the only solution is to cut Social Security, Medicare and Medicaid. The “entitlements” the GOP despises. Unfortunately, the vast majority of Americans have not saved for retirement, will not be able to afford health care and even moderate cuts to these programs will further perpetuate the “haves” and the “have nots”.
I would suggest that we vote for federal representation that does not support such cuts.
What happened to the $2 trillion created to buy the F&F MBS? Who got that money? F&F doesn't have $2 trillion worth of bank reserves. Not even close. In fact, in 2008, they had close to zero capital reserves. That's why they had a public $187 billion bailout and then the extra $2 trillion back door Federal Reserve bailout that few even know about. F&F used that cash infusion to pay out as expected on the $4 trillion worth of their MBS held by other investors. (As F&F MBS are perceived to be guaranteed by the full faith and credit of the U.S., their investors have to be paid.)
Meanwhile, the Federal Reserve can just hold that $2 trillion worth of F&F MBS, let it roll off their H.4.1 as they mature, paid or not, and it's no skin off their nose because they never actually used their own money to buy them. They just printed money out of thin air like Zimbabwe and Weimar Germany did when they needed more money.
What happened to the $2 trillion created to buy the F&F MBS? Who got that money? F&F doesn't have $2 trillion worth of bank reserves. Not even close. In fact, in 2008, they had close to zero capital reserves. That's why they had a public $187 billion bailout and then the extra $2 trillion back door Federal Reserve bailout that few even know about. F&F used that cash infusion to pay out as expected on the $4 trillion worth of their MBS held by other investors. (As F&F MBS are perceived to be guaranteed by the full faith and credit of the U.S., their investors have to be paid.)
Meanwhile, the Federal Reserve can just hold that $2 trillion worth of F&F MBS, let it roll off their H.4.1 as they mature, paid or not, and it's no skin off their nose because they never actually used their own money to buy them. They just printed money out of thin air like Zimbabwe and Weimar Germany did when they needed more money.
The graph. The bulk of the money still sits as reserves.
The Fed printed money more like the EU, China, Japan and most other successful modern monetarily sovereign nations. Not like the desperation/failed states Zimbabwe or Weimar.
"Since we have always been involved in activities that result in atrocities to children, we should continue to do so. In fact, let's start doing to our own children what we have been doing to children everywhere else."
It goes to show how devoid of common sense so many of conservative's responses are. Like:
"Well, Bill Clinton had an affair with one of his staffers, so it's okay that Trump runs around with prostitutes and whores."
You can't see anything past your own partisan blinders, and this has the effect of eroding your credibility with moderate and independent voters.
I shouldn't have to point out to you that morality and integrity are the foundations of any civilized society.
It is wrong to harm innocent children. Period. Full stop. No "buts" will change this.
The republican party has a very long way to go before it becomes the right hand of God. Conversely, the Democratic party is not exactly the right hand of God either.
Why is it so incredibly difficult for conservatives to understand this basic moral fact?
Petri dishes and agar are simply resources. There is no limit on how much can be created if needed by the country at large.
Production or procurement costs money. Who pays? The U.S. spends $1+ trillion/year on means-tested public assistance programs, $600 billion for Medicaid, alone. Who pays?
Quote:
These resources can be paid for by tax money or new money created centrally, assuming federal management.
Created money injected into the economy causes inflation. When abused, hyperinflation. You're describing a snake eating it's own tail scenario.
The only time created money doesn't cause inflation under normal circumstances (i.e., not a deflationary spiral) is when it's NOT used to pay off debt obligations (such as MBS, etc.) or to procure goods/services.
This was almost all done by Republicans. Reagan, Bush I, Bush II, and now Trump. Clinton had a balanced budget. Obama famously vowed to cut the debt, but COULD NOT DO SO solely because Bush had left such an economic mess.
The first thing we need to do is elect a Democratic majority in the Congress on Nov. 6. They will surely get right to work on this.
Clinton had a GOP Congress for 6 years. Bush and Obama had Democratic Congresses for 2 years.
Debt growth and deficit spending is a cancer on both parties.
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