- Joined
- Jul 7, 2015
- Messages
- 39,366
- Reaction score
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- Location
- California
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- Male
- Political Leaning
- Liberal
1. There are risks to continually printing your own money. If you don't understand basic economics I don't have the time to teach you.
2. ?????? Are you saying that when we have a 500 billion dollar deficit for the fiscal year that it does not turn our 18.5 trillion dollar debt into a 19 trillion dollar debt, because they are two completely different things?
3. I never said that deficit spending does not grow the economy. Sure it does. But, you can only stretch a balloon so far until it bursts. The left doesn't believe that the balloon will ever burst because any time we get into trouble all we have to do is borrow more or print more money. This is nothing more than a pyramid scheme where eventually someone on the bottom will be left holding the bag.
1. He agreed there was risk.
2. We don't have to go into debt to create more money. We do go into debt to create more money by issuing bonds, but we don't have to.
3. I don't know that anyone ever claimed we can spend to perpetuity without risk. That's a slippery slope fallacy. Saying "we can spend more IN THIS CURRENT CONTEXT," does not mean "we can always spend more."