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So basically they've been printing money and giving it to institutions who serviced reckless people who took on debts that they could not afford and did not rep
by socketcluster 3y ago
So basically they've been printing money and giving it to institutions who serviced reckless people who took on debts that they could not afford and did not repay. Guess who ended up paying for that? Every decent person who did the right thing; tax payers, salary earners (through devaluation of their salary contracts via inflation), those who did pay back their debts.
Then you wonder how all these reckless people ended up in positions of power.
- MuffinFlavored 3y agoWhat purpose does calling this out gain? What changes after you've made this statement?
- NoraCodes 3y agoThis isn't the standard to which comments on this website are held, generally; why does this one bother you?
- jbm 3y agoIf other people feel similarly, but are afraid to comment publicly, it can inspire discussion in future threads and create psychological comfort for them to join in the future.
- JumpCrisscross 3y ago> they've been printing money and giving it to institutions Who is "they"? The Treasury?
- fakecontent000 3y ago[dead]
- mempko 3y agoMoney IS debt. Government spending creates money and so does taking out loans. Those who live within their means or save large sums of money must thank those in debt for giving them the opportunity to do so. I say, better the government be in debt than private citizens because the government doesn't bounce checks.