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but do all of you realize that money is just paper*the US uses cotton* with ink printed on it? the only power it holds is its symbolism,theres no more gold backing it up,the only thing that makes it important is trade treaties and capitalism,if we took all the infrastructure out,then money would be nothing but cotton and ink.
Instead if putting a new clock up they should figure out a way that we don't need a new one. maybe try and manage the money better. this debt is a disgrace to our people. I hope the countries that borrow us our money stop doing it, they probably wont get their money anyway. If they have to put a new clock up that should be the last straw.
The US has significant tax elasticicty compared to other first world countries.
Personally, I think the current goverment sector spending has greater benefits compared to the costs of having the private sector retreat in a perpetually reinforcing deflation cycle.
Laugh it up now! When we go down so will you! America, Mexico, and Canada will be one. There has already been treaties signed. We will all be like a big happy third world family! :)
I don't mind. The USA is the reason this shit happened in the first place. A new order in this world is needed. The corruption of the USA needs to come to and end.
Vearrow, no foreign countries are starting to call in America's debt. Japan and China plan to stop buying US treasury debt and drop the dollar. WE ARE SCREWED!
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the only power it holds is its symbolism,theres no more gold backing it up,the only thing that makes it important is trade treaties and capitalism,if we took all the infrastructure out,then money would be nothing but cotton and ink.
The US has significant tax elasticicty compared to other first world countries.
Personally, I think the current goverment sector spending has greater benefits compared to the costs of having the private sector retreat in a perpetually reinforcing deflation cycle.
im not happy about that