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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Jamie153 who wrote (474709)

6/10/2021 12:48:10 PM

From: koan

Read Replies (2) | Respond to of 542139

At the end of Clintons presidency the CBO?, predicted the debt would be paid off in 12 years.

Then Bush cut the taxes on the rich saying the Government should not have so much money and started two bullshit wars, and he sure fixed that problem of the government having too much money!

<,

Yes, but how did we get here? You want to blame the lack of a gold standard, but the debt was falling until Reagan cut taxes. Since then, the US debt has increased $27 trillion. Republicans did this to us, not gold. They refuse to raise taxes and they always cut them.

Blaming gold gets them off the hook.

To: Jamie153 who wrote (474709)	6/10/2021 3:13:02 PM
From: cosmicforce	Read Replies (1) \| Respond to of 542139

<You want to blame the lack of a gold standard> I did? Where? Are you "advocating for the Fed policy"? I blame the consortium of private banks who Congress let usurp a constitutional duty to mint money, installing instead, an intentionally opaque and un-audited system of debt that benefits a vanishingly small number of people. Pointing out that some assets don't experience inflation or that that there is a "proof of work" built into mining is well short of advocacy. First thing we should have is an audit program to figure out where we are. Saying you have crows in your trees isn't blaming the tree for the crows or advocating for the crows in them.