Comments by "" (@badluck5647) on "The US Debt Situation Explained" video.

I find it unnerving that Warren, Sanders, and AOC claim that having a reserve currency means we can spend infinitely without consequences, and people believe them.
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@moneysins If the UK was still the world's reserve currency, then may have gotten away with Truss's budgetary shenanigans.
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@harrywinner7403 Europe funds their social programs by freeloading off of the American system. Europe's military spending is minuscule because America taxpayers are providing Europe's national security interests. Europe's single payer markets have been negotiating for decades to not charge Europe for R&D costs, which forces Americans to pay for Europe's share. If America starts acting like Europe, then Europe social safety net collapses.
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Thanks Biden for further f***cking over my generation and my kids.
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BS. Clinton's policy created the housing bubble that Bush and Obama had to clean up.
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Italy is on a house of cards as it entirely relies on the EU to buy its debt. Spain and Italy haven't learned anything from Greece's bailout.
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@harrywinner7403 I hate politicians who promise social programs that they know will be insolvent within a decade. I would at least understand if they were upfront that the middle class has to pay for it, but instead they use bogus accounting to force the tax hike down the road or just let the program collapses like in Venezuela. Do you honestly trust Sanders when he says we can give free education, free housing, free healthcare, and free money just by printing money and taxing the rich. There simply isn't enough one percenters to tax to fund the trillions of dollars of social programs these socialist want.
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@danlightened How clueless can you be to think the military is only to prevent invasions? Who stopped ISIS in Syria from sending more terrorists back to Europe? It wasn't the German airforce? Who knocked out the Libyan air defenses for France and the UK to safely fly their sorties. It wasn't Denmark. Who has scared Iran from attacking the oil shipments that Europe's economy depends on? It isn't the Netherlands. Who is preventing China from intimidating the South Pacific from free trade with Europe? It isn't France. Who is preventing Russia from invading the Baltics like Ukraine, Georgia, and Moldova. It isn't Italy. Europe has been freeloading off a world system guaranteed by a well funded US military.
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@danlightened Your conspiracy theories are nonsense. What extremist groups are Americans supplying? What are these puppet democracies? Who did America arming just because the rival country refuse to buy their weapons? These talking points only make sense on authoritarian propaganda that outlaws reporting on facts that easily debunk the claims.
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@nicholasrapose196 They use to push "Modern Monetary Theory" which says the government can print and borrow money endless without consequences. Obviously, they say it less after rapid inflation debunked their lies pretty quickly.
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@nicholasrapose196 Just Google "Modern monetary theory" and you will find endless quotes from progressives.
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@INTJ791 The dollar's only saving grace is that there isn't any real alternative. The Euro is less attractive after the 2008 Greek Crisis. No one wants China's currency as the nation's authoritarian leader likes to manipulate the currency's value. Beyond the US, EU, and China there isn't any country left with an economy big enough to be the world's reserve currency.
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