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People reading these kinds of articles need to ask themselves, does NFL run out of points to give to players during games? Our federal government is the NFL of
by mempko 3y ago
People reading these kinds of articles need to ask themselves, does NFL run out of points to give to players during games? Our federal government is the NFL of the game called the economy.
Remember, all money is debt. The money in your bank account came from one of two places. Either it was money the government spent, or a bank loan someone took out. That means when the government to spends less, you will get less in your bank account. So either you also have to cut back or take on more debt.
A high national debt means a high national savings. How about instead of talking about the total money being created, we need to talk about how it's being distributed? Should we distribute it all to the military industrial complex? Or should we spend it on things like NASA, education, health? These are the questions we need to be discussing.
- orwin 3y agoAnd due to regulation on big banks, they have to hold a high percentage of 'safe' debt, ie top10 economies debt. If US debt start to shrink because of shortsighted men like the man from FedEx, we're in for a long term recession.