Comments by "Grim Affiliations" (@grimaffiliations3671) on "Why America Is Going Bankrupt" video.

  1. And Trump is responsible for 25% of it
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  2. The debt is in dollars, so the gov has no problem paying it back
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  3. Wow, we've been in a recession with the besr jobs market in years? Impressive
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  4. The debt ceiling itself is dumb. The government can afford to pay any bill that comes due in its own currency
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  5. The US won't default, they will raise the borrowing limit
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  6. It wasn't, food proces have remained flat
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  7. Republicans
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  8. The government borrows from itself
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  9. You don't need to balance the budget to borrow your own money
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  10. Ita not really debt
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  11.  @jesse_-  left life?
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  12. Very differently situation
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  13. They don't need to pay it off
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  14.  @JosefTorkelsen  financial conservatism is dumb, as long as you make sure you don't spend beyond the productive capacity of your economy, deficits are fine
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  15. That's not how government spending works
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  16. It was balony
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  17.  @edeverret2911  and I knew this supposed collapse was bs after reading the deficit myth by Stephanie kelton
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  18.  @edeverret2911  the government does run the federal reserve lol. Sure the individual fed banks operate like private banks, but the entity within the fed that actually carries out monetary and fiscal policy is a government organization called the FOMC. The majority vote in the FOMC is held by the board of governors which are appointed by the president and confirmed by congress. They operate on behalf of the government to achieve their dual mandate, which is full employment and low Inflation
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  19.  @edeverret2911  no, when the government passes a spending bill, the fed must make the payments on behalf of the government. It doesn't loan the government money, it acts on behalf of the government to get the money to the necessary bank accounts. The government is the source of all US dollars, it doesn't need to borrow its own money. The individual fed banks around the country act as private banks and are mainly there to collect information on economic conditions so the FOMC can make informed decision about monetary policy
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  20.  @piyushjaiswal9283  not true
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  21. Nah, the US likes dollar hegemony
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  22. What do you think cbdc is?
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  23. The budget has already passed the house and senate. And if they refuse, He will mint a trillion dollar coin, he doesn't need them
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  24.  @cwhit0110  the debt ceiling is so dumb, why does the US needs a limit to the amount of its own money it can use?
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