Government spending helps stimulate the economy.
No it doesn't. It creates inflation. Inflation is nothing more than too much money in the economy. Injecting trillions makes every existing dollar worth even less. So it takes more.
The left has this retarded idea that all this mega billionaires are hoarding their money in a bank.
Banks don't hoard money. They loan it out to people and it goes right back into the economy.
If the Federal debt was detrimental to the economy, the U.S. would have been destroyed years ago.
Please stop regurgitating the BULLSHIT that the millionaires feed you!
A little debt is fine. But this much, is doing nothing but increasing the cost of everything. Then wages have to increase. Then the government injects another few trillion, raises the debt ceiling, and then the value goes down again and the cycle restarts.
Tell me something, if you could make $5hr right now, and it buy as much as $20hr, what difference would it make? You'd still be able to afford the same exact things. Only using less money.
This means your $200 week pay check would buy you what that $800 week paycheck would buy.
It wouldn't mean much of anything to 99% of us. But it would mean the difference between outsourcing jobs to China for an American manufacturer. It would mean China and those other countries would have a trade deficit with us. Not the other way around. It would mean millions more jobs. So many that immigration wouldn't even matter. Legal or not.
But we'd still be able to buy a luxury care for $10,000. You can't even get a nice zero turn mower for that now days. And try getting a decent truck for under $40,000.
www.theguardian.com
