General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
gerhard7
Democracy Now!
comments
Comments by "gerhard7" (@gerhard7323) on "Debt Ceiling: Economist James K. Galbraith Warns GOP Proposal Would Gut Social Safety Net" video.
The perennial debt ceiling debate is political theatre for the two US political parties pure and simple. It plays on the majority's ignorance of the basis of money/debt creation and how a nation state like the US blessed with exorbitant privilege budgets. As long as the US remains the least worst looking horse in the global fiat glue factory, which it does and easily looks like doing so, then it will simply be used to throw some red meat to their various constituencies to give the appearance that 'vital' concessions are being or have been extracted regarding their various hobby horses.
1