SassyIrishLass
Diamond Member
- Mar 31, 2009
- 97,473
- 75,820
- 3,605
I'm sorry that the reality of the modern economy scares you.I find it hard to believe you have an 'econ degree' if that's your response. Please, tell me what I got wrong.I already know what the national debt is. Hmm, for someone with an "econ degree" it shouldn't take you longer then 2 minutes to explain the national debt. The national debt is all the dollars ever issued by the US govt that have yet to be taxed away, I like to call it the national savings
Hell, I'd hardly call it a "real debt." We issue our own currency that floats on an exchange, and the currency is non-convertible. All us dollars come from the us government, so the government gets it money.. from itself. Yes, I know, it's hard to believe, but let's look at history:
When was the US dollar first issued? Answer me that, and this will make sense.
The us dollar isn't a commodity, it's issued by the US government, created out of thin air. This is reality. It's literally a number with a $ in front of it. It's worthless, and it comes in these forms:
Cash (Paper/coins)
#'s in reserve accounts at the fed reserve
#'s in securities accounts (treasury bonds)
So why the hell does the government need to tax to spend? It doesn't. This is one of the most widespread lies today.
You're a nut
I stopped reading your malarkey...you're a nut. But yeah Indiana U...Go Big Red!!!
They don't like reality, and factual things about what is really going on. They just believe there beloved Ted is telling them the truth.
Seriously who would they support on the right besides Trump.
.
You sober up?