Lenin is said to have declared that the best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. This from a 1919 book by John Keynes.
If this is true, then please tell me how a $3.5 Trillion dollar budget will cost us nothing and we will be fine since there is no cost to us. How will this play out? Where will this money actually go? If you have an idea already, you know this is a giant scam and yes, it will cost us. Not only due to our dollar becoming less valuable, but also less trustworthy.
Who in their right mind would dream up this " Spent your way out of debt" scheme. If you belive these people that push this idea, then you truly are as stupid as they think you are.
It looks as if this will be a law soon. The party that says we must conserve our resources and stay out of horrible debt is not fighting this battle with much gusto. I question the resolve they display; as I have seen this in the recent past. It did not work out then, and I see no other path today except runaway inflation.
Consider that our entire national debt didn’t hit $7 trillion until 2004. In other words, the U.S. has accumulated as much debt in the past two years as it did in its first 228 years.
Thanks to the cavalcade of economic relief bills prompted by the COVID-19 crisis, the federal debt hit $28.2 trillion in 2021, this according to the Congressional Budget Office.
Now , add 3.5 trillion to this debt. The majority of the elected officials in congress are happily running over the cliff like lemmings. They sing and dance as they destroy our country. And of course, it will be someone else's fault when the bill comes due. The bill always comes due, and it comes due with intrest and penalties . So, do you know why I have explored this new currency and measure of value called crypto.
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