For high school grads only: can you find flaws in this logic?
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03-24-2014, 10:27 AM
Post: #2
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Your question is really far larger than you should really be asking Yahoo readers to help with. I can give you some guidance, however:
First, the U.S. Treasury only mint's money when orders for that money have been placed by the Federal Reserve Bank (which is a Private entity not associated with the U.S. Government). Just as with consumer credit debt arising from people purchasing beyond their means, the government has been purchasing beyond their means for decades. And, the taxpayers are the recipients of the services and social programs purchased with this debt (increased national security costs, building and repair of roads, social security, and even the tax rebates given to homeowners who had lost jobs and whose mortgages were worth more than their houses. It was certainly those homeowners choice to purchase houses without ensuring that they had enough savings put aside for emergencies, and to not spend beyond their means (even if their unemployment could be attributed to investment and banking practices). How can the U.S. government build infrastructure if they have no money to build infrastructure. Even if the DINO were erased, there would still not be enough in taxpayer dollars as the wealthiest Americans pay little to no tax, and more than ever of the remaining population or unemployed or underemployed. Ads |
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For high school grads only: can you find flaws in this logic? - marvinsussman@sbcglobal.net - 03-24-2014, 10:25 AM
[] - PastaBella - 03-24-2014 10:27 AM
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