Want to fix the debt problem? We need to print more money!

[Dan Kone]

People seem to be obsessed with trying to fix our deficit problem right now for some insane reason, but all reasonable people know that with the economy in the shape it's in, it would be impossible to balance the budget. So has a compromise, we should look to long term debt stabilization.

Obviously cutting spending in a recession is a ridiculous notion because the consequence will just be more job loss which leads to more unemployment, which leads to less revenue which will lead to bigger deficits.

So that means what we really need to do is print more money so we can spend more on a new infrastructure stimulus plan to put people back to work. Sounds strange but there is a dual benefit here.

By printing more money, we devalue the dollar which actually makes our debt worth less. Also we will be using that money as an economic stimulus which will put people back to work, which will increase tax revenue, which will stabilize deficits in the long run.

Print more money! Spend more! Vote Democrat!

 

[sync0s]

Been a while since I've seen you actively posting in politics. Maybe I'm blind?

So shoot ourselves in the foot by destroying our currency and shift the problem onto future generations? Don't forget the large amounts of interest we are paying on this debt now to foreign countries.

 

[Sinsay]

Agreed sync0s or perhaps dan knows where theirs a few tons of unfound gold to back this printed money Oh doesnt matter who you vote for they dont get in unless the new world order lets them in

 

[taipanspunk]

...there has been great debate among my peers that this is a great idea we should follow *cough* China *cough*

 

[tet1953]

Morgan Stanley is out with a statement today that we are in danger of a global recession. One of the principle causes, they say, is the drama over the U.S. debt ceiling. If it does come to pass, we should give credit where it's due and call it the Republican Recession (not that the first one wasn't on them too, but this one is undeniable).

 

[Smirgen]

People seem to be obsessed with trying to fix our deficit problem right now for some insane reason, but all reasonable people know that with the economy in the shape it's in, it would be impossible to balance the budget. So has a compromise, we should look to long term debt stabilization.

Obviously cutting spending in a recession is a ridiculous notion because the consequence will just be more job loss which leads to more unemployment, which leads to less revenue which will lead to bigger deficits.

So that means what we really need to do is print more money so we can spend more on a new infrastructure stimulus plan to put people back to work. Sounds strange but there is a dual benefit here.

By printing more money, we devalue the dollar which actually makes our debt worth less. Also we will be using that money as an economic stimulus which will put people back to work, which will increase tax revenue, which will stabilize deficits in the long run.

Print more money! Spend more! Vote Democrat!

Awesome post! LOL.
I love the Sarcasm.

 

[Sinsay]

right on punk
China's UN rep awards peace prize to general best known for violently quashing demonstrations


Sha Zukang, the same Chinese top UN official whose drunken rant against Ban Ki-moon and the United States a few weeks ago made headlines, has just given a "Global Harmony" award to Chi Haotian, the general in charge of the infamous crackdown on protesters in 1989.

Thats the new worlds order favorite country

 

[PetFlora]

and yet we keep spending billions/trillions on new weapons, as well as maintaining the old. Also the 'debt' is to the Federal Reserve, which is not a government agency. They print money without anything backing it up, and we get the shaft of paying the 'debt' back with interest.

This is the 600 pound gorilla in the room. Although Ron Paul has been screaming about it for ~ 10 years (and maybe LaRouche) no one is listening. Why? They are all bought and paid for. As long as they get paid off, they sweep it under the rug. Even Perry mentioned it, and has been blasted by the right wing media. A plague on both houses. The devil eats its' own.

 

[Dan Kone]

Been a while since I've seen you actively posting in politics. Maybe I'm blind?

So shoot ourselves in the foot by destroying our currency and shift the problem onto future generations?

Inflation doesn't always result in a destroyed currency. That is a false assumption. How does printing more money put the problem on future generations?

We need to deal with the immediate problem now. That problem is unemployment, not debt. If we don't fix the unemployment, we'll fall into a depression. A depression will result in much much more debt. Printing money actually decreases the value of the debt, it doesn't add to it.

Don't forget the large amounts of interest we are paying on this debt now to foreign countries.

And that interest and that debt becomes worth less if we print more money.

 

[Dan Kone]

Agreed sync0s or perhaps dan knows where theirs a few tons of unfound gold to back this printed money

Our money isn't tied to gold. One of the advantages of a currency not tied to a commodity is that you have control over how much is printed, so in hard economic times, you can print more to help stimulate the economy.

 

[Dan Kone]

Morgan Stanley is out with a statement today that we are in danger of a global recession. One of the principle causes, they say, is the drama over the U.S. debt ceiling. If it does come to pass, we should give credit where it's due and call it the Republican Recession (not that the first one wasn't on them too, but this one is undeniable).

I'd go further than that and call it the Tea Party recession. I don't think the more sane republicans supported this. Just the lunatics in the tea party forced it on everyone.

 

[Dan Kone]

right on punk
China's UN rep awards peace prize to general best known for violently quashing demonstrations


Sha Zukang, the same Chinese top UN official whose drunken rant against Ban Ki-moon and the United States a few weeks ago made headlines, has just given a "Global Harmony" award to Chi Haotian, the general in charge of the infamous crackdown on protesters in 1989.

Thats the new worlds order favorite country

Well you have to give China credit. Their currency manipulations are largely responsible for their economic success. And since we haven't done anything completely stupid, like go on a gold standard, we have the ability to do the same thing here!

 

[Dan Kone]

and yet we keep spending billions/trillions on new weapons, as well as maintaining the old. Also the 'debt' is to the Federal Reserve, which is not a government agency. They print money without anything backing it up, and we get the shaft of paying the 'debt' back with interest.

This is the 600 pound gorilla in the room. Although Ron Paul has been screaming about it for ~ 10 years (and maybe LaRouche) no one is listening. Why? They are all bought and paid for. As long as they get paid off, they sweep it under the rug. Even Perry mentioned it, and has been blasted by the right wing media. A plague on both houses. The devil eats its' own.

Ron Paul's plan actually makes our debt worth more. The debt becomes a bigger burden if it's tied to gold because we lose control over it. That was kind of the point of this thread. Too subtle?

 

[NoDrama]

People seem to be obsessed with trying to fix our deficit problem right now for some insane reason, but all reasonable people know that with the economy in the shape it's in, it would be impossible to balance the budget. So has a compromise, we should look to long term debt stabilization.

Obviously cutting spending in a recession is a ridiculous notion because the consequence will just be more job loss which leads to more unemployment, which leads to less revenue which will lead to bigger deficits.

So that means what we really need to do is print more money so we can spend more on a new infrastructure stimulus plan to put people back to work. Sounds strange but there is a dual benefit here.

By printing more money, we devalue the dollar which actually makes our debt worth less. Also we will be using that money as an economic stimulus which will put people back to work, which will increase tax revenue, which will stabilize deficits in the long run.

Print more money! Spend more! Vote Democrat!

They already did this...TWICE. They called it Quantitative Easing and they printed up over 2.6 Trillion $$. They will do it again, I have no doubt. Might get a hint come next meeting in Jackson Hole, WY next week. Watch the Bernanke!! If things start getting bad, helicopter Ben will save us, no need to worry.

I wouldn't worry about inflation unless you are old, young or middle aged. This money printing will cure everything.

 

[NoDrama]

Ron Paul's plan actually makes our debt worth more. The debt becomes a bigger burden if it's tied to gold because we lose control over it. That was kind of the point of this thread. Too subtle?

Who is "WE"?

 

[Cali chronic]

Well as long as they send me the amount they print as to what they depreciate my current savings account. In other words if you devaluate the dollar to 10.cents then I want to be compensated the other 50. cents.
Voting Democrat is as stupid as voting for a party. Vote for the man not his party!
Obummer has not done one good thing for the Nation. His health care raised my premiums and is causing lawsuits nation wide and costing taxpayers money as we fight or defend that unconstitutional ramming of a privatized health companies forced premiums down our throats. Some of us do not use Western Medicine. Some of us do not care about the Middle east or their religious wars.

 

[sniffer]

i would borrow more money from foreign countries and never pay them back ,
and **** china

 

[Dan Kone]

They already did this...TWICE. They called it Quantitative Easing and they printed up over 2.6 Trillion $$. They will do it again, I have no doubt. Might get a hint come next meeting in Jackson Hole, WY next week. Watch the Bernanke!! If things start getting bad, helicopter Ben will save us, no need to worry.

Sweet! Glad to hear it!

 

[Dan Kone]

Who is "WE"?

The United States of America

 

[Dan Kone]

Voting Democrat is as stupid as voting for a party.

No, it's not as stupid as voting for a party. It IS voting for a party. When calling people stupid, be careful how you say it or people might get confused as to who the stupid person is.