Comments by "Grim Affiliations" (@grimaffiliations3671) on "'Enough is enough' as US hits debt ceiling again" video.

  1. yeah, that's why i stopped voting republican when they voted against helping veterans who were exposed to burn pits
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  2. it's not other peoples money tho. When the government want to spend, it creates the money out of thin air.
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  3.  @promethiac2641  money doesn't operate that way, whether or not it is devalued depends on the productive capacity of the economy. If their is adequate productive capacity, new money will simply be absorbed. Yes, the money isn't backed up by anything, but it holds value because all of us must pay it. If everyone needs something, it will always hold value. There's a reason you can't pay taxes in gold or luxury cars, only dollars
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  4. no such thing as money we don't have. the government creates the money we all use. They can't run out of it any more than the NBA can run out of points to award Also if congress refuses to raise the limit, the dems will just mint a trillion dollar coin and deposit it to the fed, And wallah! Crisis over
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  5.  @promethiac2641  Yeah, that's why i find it funny when people say "stop spending money we don't have". Like there;s no such thing as money we don't have, they can't run out of money any more than the NBA can run out of points to award. But the dollar isn't worth 0, it can never be worthless as long as we have taxes. Taxes exist to create demand for the dollar, they turn litter into currency. That's here the misconception comes in, People mistakenly believe we pay federal taxes to fund the government when really we pay it to create value for the dollar
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  6. ?
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  7.  @Raptoraddict6610  ah yeah, i agree. time is not their friend.
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  8.  @KryptonArcher  its not. they're playing games. Their corporate donors would never let them tank the economy
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  9.  @MrMSBranham  Simply having more dollars doesn't inherently cause inflation. It depends on the productive capacity of the economy. If merely spending money caused inflation, we'd have seen a lot of it through out the 2010's and into Trump's term. Inflation spiked recently because our economy's productive capacity was hampered by the covid induced supply chain disruptions. Thankfully supply chains have recovered, which is why we've seen inflation fall rapidly during the last 6 months despite no slowdown in spending
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  10.  @promethiac2641  we must agree on it tho, that's why taxes are the law of the land
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  11. wont matter whether they cave
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  12. the economy will collapse
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  13.  @zombiechihuahua8724  yup, maybe worse
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  14. its more than government stopping, it would mean economic collapse. Good thing Biden doesn't need congress, he can just mint the coin
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