Comments by "Grim Affiliations" (@grimaffiliations3671) on "BREAKING NEWS: Rand Paul Issues Issues Stark Warning To Biden, Senate, u0026 House About Ukraine Funding" video.

  1. that 33 trillion is just money floating around in the non government economy. It's people's savings
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  2.  @jerryspence3150  no such thing as an unfunded liability
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  3. wrong
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  4. taxes do not fund the ukraine spending, in fact taxes do not fund anything the government does
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  5. we're not in debt
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  6.  @YourBoeingBenefitBrain  how can you give something you don't have. Use common sense
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  7.  @alpaige7255  The US should join the rest of the developed world and get universal healthcare. But conservatives keep brainwashing people into thinking we can't afford it
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  8. thats actually what the oil companies do. they send our oil abroad. Thats why you haven't noticed that more oil has been drilled under biden than any other president
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  9.  @TheTinyAutistsGuideToTheGalaxy  what kind of change?
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  10.  @TheTinyAutistsGuideToTheGalaxy  You're never going to get money out of politics with a conservative majority on the supreme court, they pretty much legalized bribery with citizens united. And im pretty sure term limits are unconstitutional
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  11. he's economically illiterate
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  12.  @RobFraxedas the ones calling for surpluses are the clowns. They think they're the adults in the room but really they just expose how little they know about sectoral balances. The only way for the private sector to be in surplus and avoid recession is for the government to run a deficit. They can't both be in surplus.
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  13. ​ @RobFraxedas  You're making the same mistake most people in Washington make, looking at the governments budget like a household budget. The two are very different. Government deficits = private sector surpluses. The only way for the government to run a surplus, is for it to tax away more money from the private sector than it spends. So you're not getting rid of the deficit when you balance the budget, you're just pushing it onto the private sector. And unlike the government, the private sector cannot sustain deficits. This is why the US has gone into recession or depression every time we've ever had a sustained period of deficit reduction. Most recently when Bill Clinton was bragging about his surplus, he wasn't bragging for long
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  14. The US government does not "borrow". Why would it need to borrow it's own money?
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  15. our purse is far from empty, it's unlimited. The only limit is our real recourses
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  16. it's not your money, it's the governments money. Your money is destroyed when you pay taxes
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  17.  @CaseyAllen-nc2ty  Taxes do not fund government spending. The government spends before it taxes, so there is not way for taxes to fund government spending. And the government has no need to "borrow" it's own money. What you call borrowing is just the process of selling bonds, which is just a government asset swap
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  18. he doesn't know how the economy works
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  19. not your money, last i check you don't print US dollars
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  20. not how it works
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  21. then we would not have the reserve currency
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  22. you cant go bankrupt in your own currency
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  23.  @VeeShenge  I did. Every country you can think of that went "bankrupt" did so in gold or someone else's currency. No country has every gone bankrupt when their debts were entirely in their own currency
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  24.  @VeeShenge  Name one
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  25.  @VeeShenge  Haha, like i thought, you are unable to name a single country that went bankrupt in their own currency. Every nation you listed either when bankrupt in gold, or some foreign currency mostly the dollar. Japan has a debt to gdp ratio much larger than all of them, and continues to avoid "bankruptcy". How? Because their debt is denominated exclusively their own currency
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  26.  @VeeShenge  Are you having difficulty reading my comments? Zimbabwe went bankrupt because, like most of the other countries you listed, it was forced to take up large amounts of debt denominated in US Dollars. Of course you can default on Dollars, since only the USA produces dollars. When your debt is in a foreign currency like dollars, you must find a way to earn enough dollars to meet your debt obligations, and if you fail to do so for whatever reason, you are in for a world of hurt. This is why Japan has been able to avoid default despite decades of massive deficit spending and aggressive bond buying. Because all of their debts are denominated in Japanese yen, so they can never miss a payment. It is not about the debt, it is about the currency the debt is in.
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  27.  @VeeShenge  Due to the collapse of it's agricultural output, Zimbabwe was forced to rely on imports of food. This forced them to use large amounts of their sovereign currency to buy up dollars in the fx market, putting tremendous downward pressure on the value of their currency. It had to borrow a tremendous amount in US dollars. The fact that you don't know this is quite worrying
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  28.  @VeeShenge  This is why the most important thing for a country to do is to invest in food and energy sovereignty. The less you have to import, the more fiscal space you have to pursue domestic goals like full employment. If however you don't minimize these imports you will see the devaluation of your currency relative to the dollar, which will mean you will import inflation as your imports become more expensive. And in order to avoid the unrest associated with this imported inflation, governments are forced to intervene to artificially fix the exchange rate. They do this buy borrowing US dollars. That is the main trap that all of these countries fall into. You see it over and over again
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