Dem Mayor of "Sanctuary City" NYC says there is no room there for migrants.

If they did that it would crash the country. Therefore the government can't take money that doesn't belong to them to pay bills they acquired. In your communist world I'm sure you think all money belongs to government, but we don't live in communism, we live in a free Republic. Just because money is out there in private hands doesn't mean government has the right to take it away at will.

You're missing the point. The so-called "national debt" is simply the money that the US federal government has "printed" or created and is currently in the world, in the hands of the public, be it here in the United States or anywhere else in the world. The US federal government doesn't "borrow" dollars, it creates it, then deposits it in the economy, in private hands. The world now has 31 trillion dollars, much of it is here in the US, in our checking accounts, savings, treasury bonds..etc. You're comparing a household debt to government "debt", microeconomics vs macroeconomics, the economics of the user of the currency, with that of the exclusive issuer of a sovereign fiat currency. That's your error. The so-called "national debt" is a misnomer, it can more accurately be called the "US PEOPLE'S SURPLUS" or a ledger rather than a "debt".
 
If they did that it would crash the country. Therefore the government can't take money that doesn't belong to them to pay bills they acquired. In your communist world I'm sure you think all money belongs to government, but we don't live in communism, we live in a free Republic. Just because money is out there in private hands doesn't mean government has the right to take it away at will.

You said "If they did that it would crash the country. Therefore the government can't take money that doesn't belong to them to pay bills they acquired."..The US federal government doesn't need to "barrow" to pay bills or pay anyone. It's the exclusive issuer or "creator" of the US dollar.
 

Forum List

Back
Top