Originally Posted by MACH1
All this does is take money out of the right pocket and moves it to the left pocket. Still doesn't 'fix' anything.
Not over night...but do you not understand that the government is in the kind of debt that you or I are with credit card companies, when they don't HAVE to be? They have the constitutional power to print and regulate money and pay no one back (with high interest rates) for it....and they don't! WE pay the interest on something that is outright unconstitutional, and we shouldn't even have to. Of course it wouldn't fix itself immediately, but that doesn't mean we should be ok with the furthering of the basic problem.
I mean, if you're ok with it, that's your choice. Fact of the matter though is that the US dollar didn't start losing value until the Federal Reserve was put in place and the national debt didn't start skyrocketing until after 1913 either. I don't know how to explain it any clearer than that.