07-09-2016, 11:52 PM
(07-09-2016, 03:30 PM)Classic-Xer Wrote: The money in my wallet and bank accounts and wherever else it's located is mine. The same applies to him. Whether it's government debt or not isn't going to matter to us or anyone who has money. The question is, do we answer the call or do we ignore the call when big government needs more money. What happens then? Questions Democrats should be asking themselves considering their going to be in up to their necks. Do we lend a bunch of self centered, lying, stealing, low life cheats wearing fancy clothes who have been insulting us for years or do we say good bye as their going down. Do you think I'm going to feel bad when Playdude jumps out a window? I think you continue pumping up the blacks as your pissing down on whites. LIBERAL WISDOM AT IT'S BEST.
... and why does the money exist? Ultimately it represents what one can buy with it. US dollars are valuable because one can buy desirable stuff with them -- which explains why a banknote with the image of Benjamin Franklin is the most widely-counterfeited banknote in the world. A hint: do no money dealings with North Koreans who have US currency to offer. They have plenty of what looks like US currency, and it is fake.
As in World War II, should the US government need huge amounts of public consumption at the expense of private consumption, then the Feds will find ways to cut back drastically on private consumption. But that will take a war or an incredible natural disaster, like being up to our necks in seawater because global warming has raised sea level.
It's not the money that creates wealth. The late Ed Koch once suggested that the federal government could wipe out large cash holdings except at banks and other legitimate holders of cash, and effectively demonetize the drug money and other proceeds of illegal activities and tax cheats. Such people as Warren Buffett, the Walton and Rockefeller families, and the Koch brothers wouldn't be burned; they don't have huge amounts of cash lying around. But the drug racketeers are flush with literal cash.
Quote:Do we lend a bunch of self centered, lying, stealing, low life cheats wearing fancy clothes who have been insulting us for years or do we say good bye as their going down.
As a liberal, I can say that about the Hard Right, which I often see as slick narcissists if not sociopaths with insatiable appetites for gain and indulgence but no respect for people other than themselves. Much of what they say insults me.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.