Manchin Screws 36 million poor and middle class

[g5000]

According to you, players should be paying the bank $200 every time they pass go.

Where did I say that?!?

Answer the question. Am I better off in debt or out of debt?

 

[g5000]

You aren’t a government.

Okay, we'll play it your way.

How is the government better off being in debt than out of debt?

This should be fun.

 

[EyeBRollin]

Answer the question. Am I better off in debt or out of debt?

You are not a government.

 

[Toddsterpatriot]

That's not something I check on a regular basis.

I noticed.

 

[jc456]

Pink $5s for EyeBRollin

He thinks he gets 200 to pass go? Hahaha I wonder where his Go is? Agog, can’t make it up

 

[EyeBRollin]

Okay, we'll play it your way.

How is the government better off being in debt than out of debt?

This should be fun.

Well, if the bank debt is $0, how much money would all the players have?

 

[g5000]

I noticed.

It does not take away from the fact the vast majority of government debt is held by the public.

 

[g5000]

Well, if the bank debt is $0, how much money would all the players have?

How is the government better off being in debt than out of debt?

 

[Toddsterpatriot]

Well, if the bank debt is $0, how much money would all the players have?

Are you confusing bank debt with government debt?
Is that because you're an idiot?

 

[EyeBRollin]

It does not take away from the fact the vast majority of government debt is held by the public.

Key word being “held.”

 

[justoffal]

This is only half true. What backs the US dollar?

Um actually....Nothing

 

[Toddsterpatriot]

It does not take away from the fact the vast majority of government debt is held by the public.

Absolutely. Your info was out of date, EyeBRollin has no info. He's just an idiot.

 

[EyeBRollin]

Are you confusing bank debt with government debt?
Is that because you're an idiot?

No, we’ve been talking about Monopoly. If the bank has a $0 debt, how much money do the players have?

 

[Toddsterpatriot]

No, we’ve been talking about Monopoly. If the bank has a $0 debt, how much money do the players have?

You think the bank in Monopoly has debt? LOL!

 

[EyeBRollin]

How is the government better off being in debt than out of debt?

The government isn’t supposed to be “better off.” If the government debt is $0, how much do the people have?

 

[g5000]

Just keeping track:

Government debt is not “loaned.” All government expenditures are are printed. Specifically, it wires the money into the associated bank account. Poof!

My friend you are confused. The public does not supply the US government with money. On the contrary.

Nope, you are being imprecise. China being global currency has nothing at all to do with US government debt.

 

[g5000]

No, we’ve been talking about Monopoly. If the bank has a $0 debt, how much money do the players have?

No, we are talking about the government.

How is the government being in debt better than not being in debt?

 

[EyeBRollin]

No, we are talking about the government.

How is the government being in debt better than not being in debt?

The answer is in my question that you refuse to answer.

 

[g5000]

Key word being “held.”

I guess things have to be explained to you very, very simply, using small words.

I take $1000 of my money and buy a US Treasury. That is a loan to the US Government. The government takes that money and uses it to buy puppies for hookers, or booze for Nancy Pelosi, or to build a road.

I hold the Treasury while the government pays me interest on the $1000 I loaned it. When the bond reaches maturity, the government pays me pack my $1000 and it goes back into my pocket.

I have made a small profit off that $1000.

At no point was any money printed.

That is the current state of $22 trillion which has been loaned to the government. The public is holding $22 trillion of bonds which the government is paying interest on.

At no point was any of that money printed. It was BORROWED.

Since the government has to pay interest on its debt, the American taxpayer has to cover that extra cost.

It is far better for a government to be out of debt and not paying any interest.

 

[g5000]

The answer is in my question that you refuse to answer.

The government is not analogous to Monopoly you simple-minded fool.