Where will the money come from to pay for HR 1?

The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.
 
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AFrench2 said:
The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.
Click to expand...
And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.
 
The government can print money and pretend it's real. Therefore, there will never be a need to stop out of control spending.
 
Orangecat said:
AFrench2 said:
The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.
Click to expand...
And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.
Click to expand...

It is not the amount that is being borrowed that matters. It is about the cost of servicing that debt, and it is cheap as shit. Hell, about a year ago the federal government got PAID to borrow money. Few people have a grasp of finance, that is unfortunate.
 
Orangecat said:
AFrench2 said:
The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.
Click to expand...
And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.
Click to expand...
How has the debt effected us so far?
 
Blackrook said:
The government can print money and pretend it's real. Therefore, there will never be a need to stop out of control spending.
Click to expand...
In that case why do you oppose out of control spending? Assuming thats your position
 
Obviously, they are going to increase the Corporate Tax Rate, most likely they are going to increase the federal with holding tax on payrolls checks, the Federal Tax on Gas and I am sure Taxes are going to rise to pay for Obama Care and much more? Then will come the unintended consequences which will not be positive for our economy. The problem with the Dems is they keep trying failed economic policies and expect it to have a different effect.
 
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