Moonglow
Diamond Member
It first came in the gold rush of '49....But it was still not enough for industrial expansion...Then where will the capital come from?Donald Trump: U.S. will never default 'because you print the money' - CNNPolitics.com
"In business (debt buyback) happens all the time. I bought mortgages back when the market went bad, I bought mortgages back at tremendous discounts, and I love doing that," he said. "There's nothing like it actually, it gives me a great thrill. But in the United States with bonds, that won't happen because you know in theory the market doesn't go down so that you default on debt, and that's what happens."
Whether through debt buyback or restructuring, neither of Trump's debt-reduction proposals from the past week square with his party's core approach on the issue -- deep spending cuts and entitlement program reform.
The Republican Party's official platform argues the U.S.'s looming "debt explosion" should be averted through "immediate reductions in federal spending, as a down payment on the much larger task of long-range fiscal control." These cuts "must be accompanied by major structural reforms," according to the platform, and pointing to programs such as Medicare, Medicaid, and Social Security, the GOP argues that "we must restructure the twentieth century entitlement state."
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If these views are conservative, someone has been terribly misled...
We need to dissolve USA.INC and revert back to being a Republic and kick out the foreign bankers that own USA.INC and us. Anything less is bullshit and will not solve anything.
Where did it come from when the United States was struggling to be a nation? They printed script notes and regulated it as a medium of exchange and there was no interest attached to each and every script note created. This isn't fucking rocket science.