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The Night Watchman
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<blockquote data-quote="inyati13" data-source="post: 1162326" data-attributes="member: 17767"><p>TB, I exaggerated saying the Government is the total economy but they are now a lion's share of it. The borrowed portion of US Government spending in US Fiscal 2013 was 4 Trillion Dollars. Put this in your economic forecast:</p><p></p><p>A. US Governement balances the budget</p><p>B. 4 Trillion Dollars is removed from the economy</p><p>C. Half the population of the US is on welfare</p><p>D. The other half is standing in the depression era bread line</p><p></p><p>Face it. We are as dependent on the 4 trillion dollar infusion as a day old calf is momma's milk. So maybe they are not the whole economy but they are the biggest player.</p><p></p><p>Guess why Republicans will never balance the budget even if they controlled all three branches of Government. They would be stupid to do it unless they want the US to commit economic suicide!!!! Personally, I think we are too far across the river to ever turn back. Hopefully, there is something good on the other side. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> </p><p></p><p>With regard to specifics, the US Government produces debt by borrowing against the strength of the US economy. That borrowed currency has value so regardless of whether the US creates that value, it is still injected into our economy. Money policy is controlled by government, we don't produce money (meaning you, me and american enterprise), we create products of higher value and services. Those goods and services foster strength to our currency and thus, they create wealth.</p></blockquote><p></p>
[QUOTE="inyati13, post: 1162326, member: 17767"] TB, I exaggerated saying the Government is the total economy but they are now a lion's share of it. The borrowed portion of US Government spending in US Fiscal 2013 was 4 Trillion Dollars. Put this in your economic forecast: A. US Governement balances the budget B. 4 Trillion Dollars is removed from the economy C. Half the population of the US is on welfare D. The other half is standing in the depression era bread line Face it. We are as dependent on the 4 trillion dollar infusion as a day old calf is momma's milk. So maybe they are not the whole economy but they are the biggest player. Guess why Republicans will never balance the budget even if they controlled all three branches of Government. They would be stupid to do it unless they want the US to commit economic suicide!!!! Personally, I think we are too far across the river to ever turn back. Hopefully, there is something good on the other side. :D With regard to specifics, the US Government produces debt by borrowing against the strength of the US economy. That borrowed currency has value so regardless of whether the US creates that value, it is still injected into our economy. Money policy is controlled by government, we don't produce money (meaning you, me and american enterprise), we create products of higher value and services. Those goods and services foster strength to our currency and thus, they create wealth. [/QUOTE]
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