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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (466772)3/27/2009 11:24:39 AM
From: combjelly  Read Replies (2) of 1574307
 
"They certainly could NOT issues financial statements without recording their liabilities. Which is what we're talking about here."

Well, duh. But the government isn't a corporation. So things like reporting rules don't exist.

You are making the claim that, despite the money supply, any deficit automatically winds up as debt. But, that isn't true. By buying up those Treasuries and other bonds, they are reducing our debt by $1.2 trillion.

"Right and printing money means the currency you print is worth less, also."

Well, duh again. I said that. That is what I meant when I talked about the risk of inflation, but I guess you didn't understand that part either.
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