"In God They Trusted" (America, Almighty, service)

[doppelgänger]

Originally Posted by NoahideHiker

The thing that amazes me is that the government recognizes that more money in the hands of the people = economic stimulus and growth. So why not just cut taxes rather than borrowing Chinese money and handing it out which only puts us further into debt?

Because the current leadership is giving gobs and gobs of our money to their friends in the form of earmarks, defense spending and no-bid contracts. So they lie to people and say that they can do so while cutting taxes for these same friends . . . all the while stealing our money and borrowing from foreign governments so we and our children and grandchildren have to pay it back with interest into the foreseeable future. In short . . . they think the American voters are incredibly stupid. . . and . . . they're probably right.

[Frank Castle]

Originally Posted by doppelgänger

Much of our national debt is owed to Japan, Saudi Arabia and the Peoples' Republic of China.

They hold our bonds, not our printing press, we print our money, no one else does.
The rabbit hole goes deeper my friend.

Japan couldn't stand on its own two feet if the US did not trade with it, and don't forget the surplus the US has always turned a blind eye to all of the above.

But for the sake of arguing, let's say you're version is correct, who does Japan own its colossal debt too? [194% to GDP]

[doppelgänger]

Originally Posted by Frank Castle

They hold our bonds, not our printing press, we print our money, no one else does.
The rabbit hole goes deeper my friend.

No doubt. Right into hyperinflation. Good luck with that.