Politics
Out of context: Reply #13842
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- boobs0
Here's something I don't really understand:
All this talk about the deficits makes me want to point out that the US government is currently able to borrow money at almost zero interest. They sell every bond that they want to, at good prices. In some trades over the last month, people have actually spent more buying the bonds than will ever be returned in principal and interest.
If we're able to borrow money at zero interest, and there's no shortage of lenders, what does it matter what our "deficit" is. If lenders aren't worried about our debts, why should we be worried about them? The international community is giving the US a very strong vote of confidence in our balance sheet--at least compared to theirs!--, and voting with their wallets.
Why not borrow as much as we want, invest in things that will help get the economy moving, and pay it back later?
- Shhhhh!! You're making sense and understanding reality. This upsets certain people among us...TheBlueOne
- ..those that don't understand a) what a global reserve currency is and b) who think thatTheBlueOne
- a multi-trillion dollar government has to act the same as the little guy with the $40k incomeTheBlueOne
- But it's a ruse anyway. They use this "deficit" fear to grab power to kill brown people and funnel money to the already richTheBlueOne
- wealthyTheBlueOne
- If you point this out, their troglydite shit-for-brains followers will call you a "marxist" or some shit they don't understandTheBlueOne
- don't understand.TheBlueOne
- actually, it causes inflation. That would only be a short-term solution that would cause more damage in the long run.Josev
- Inflation is one thing, the deficit is another.TheBlueOne