The debt limit!

Explain to us in detail, :laughing0301: :auiqs.jpg: :auiqs.jpg::laughing0301:, how a tax cut going to the wealthy who do not need it, is not welfare?
Easy, Simp…..it’s not the government’s money. it belongs to those who worked and earned it.

Now you explain how letting people keep more of what they earned is “welfare” BWK

I predict the Simp won’t be back.
 
And that doesn't change a fucking thing. It's still the same screw the little guy tactic. With Reagan, Citizens United, look the other way Democrats, Bush, Trump, nothing has changed. I posted up the vulture chart on here a thousand times proving that it's the wealthy controlling our money, our wages, and our lives. And tax cuts is that continum that is responsible for a huge amount of our debt. Folks, wake the hell up.
The ”little guy”had his rate cut, and his standard deduction DOUBLED.
Apparently you are too stupid to know the vast majority of low and middle income earners don’t itemize, they use the standard deduction.
 
Easy, Simp…..it’s not the government’s money. it belongs to those who worked and earned it.

Now you explain how letting people keep more of what they earned is “welfare” BWK

I predict the Simp won’t be back.

No he won't. I asked him several times already.
 
Everybody is wringing their hands over the debt. That is the wrong question.

Our constitution gives congress the authority to create our money. When congress creates our money there is no debt there is no interest.

So then, why do we borrow money?
 
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Everybody is wringing their hands over the debt. That is the wrong question.

Our constitution gives congress the authority to create our money. When congress creates our money there is no debt there is no interest.

So then, why do we borrow money?

Money has to have value. They can't just print money. Otherwise they'd be able to print enough to give each American $200,000 if they wanted.

When they print money it weakens the dollar. Printing enough of it would make the dollar worthless. In other words if we buy a bushel of apples from another country for $20.00, once the dollar is weakened, we would have to pay $25.00 a bushel, or whatever it takes to equal the value of the product. So it's not as easy to just print money.
 
Money has to have value. They can't just print money. Otherwise they'd be able to print enough to give each American $200,000 if they wanted.

When they print money it weakens the dollar. Printing enough of it would make the dollar worthless. In other words if we buy a bushel of apples from another country for $20.00, once the dollar is weakened, we would have to pay $25.00 a bushel, or whatever it takes to equal the value of the product. So it's not as easy to just print money.
Money has to have value. They can't just print money.
Like they do when they raise the debt limit. False argument. Does not address my post.
 
You people would rather have a political food fight than discuss the issue.

Why do we choose to have debt when we really don't need to?
 
It's more applicable today than ever because there are so many more things to buy than ever. Not only that but so much more convenient with places like Amazon or other online outfits.
This should inform you, but it wont.


As Adam Smith took great pains to explain, open-market Capitalism can only function within a moral and ethical social structure. Stripped of moral constraints, “growth” and “profits” become fatal cancers in the economy and society. In and of themselves, “growth” and “profits” have no moral or ethical center; if those benefiting from “growth” and “profits” destroy the public commons and diminish the common good, those costs are ignored.

That’s the problem with proclaiming “markets solve all problems.” They don’t; in fact, left to their no-moral-compass ways, they create horrendous problems for the many subjected to the profiteering of the few, problems that destroy public “commons,” the common good and the public trust.
Of Two Minds - The 1970s: From Rotting Carcasses Floating in the River to Kayak Races
 


How many times have we defaulted on our debt during the previous 22 government shutdowns, Simp?

Zero sound about right?

So why do you insist on shitting yourself anytime this comes up, and spewing the idiocy you just did?

Moron.
 

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