Basic economics, you fools.

[Based Chad]

Jarhead, I realize you probably live in an institution which takes care of all your finances and economic worries, but out here in the real world, this is how "economics" work... I make a certain amount of money each month, and I have a certain amount of debt to pay each month... If the amount I have in debt exceeds the amount I make, I am running a deficit. Now, I can float some money from my savings account to cover the overage for a while, but what happens when my savings account is depleted? Well, then, I can go to the bank and borrow some money to pay my bills. This will work as long as I have credit with the lender, but once I've reached a certain point, the lender is not going to loan me any more money... then what do I do about the debt which is more than my earnings?

You see, no matter what kind of fantasy world you live in, eventually it comes down to this, I am going to have to stop spending more money than I take in! At some point, I need to make more than I spend, so I can pay off the accumulated debt.

This is the economic reality most individuals live under, but governments are under a different reality, they can print as much money for themselves as they need. So really, government spending should be a perfect gauge of our concensus social values. We all already bailed out banks. They're not too big too fail, any brickhead can give loans and charge interest, it's a commodity skill just like any other. So now we have to bail out working people. You can't have one standard for elites and a different model of responsibility for working people. Its just dont pass the sniff test.

 

[Dixie - In Memoriam]

This is the economic reality most individuals live under, but governments are under a different reality, they can print as much money for themselves as they need. So really, government spending should be a perfect gauge of our concensus social values. We all already bailed out banks. They're not too big too fail, any brickhead can give loans and charge interest, it's a commodity skill just like any other. So now we have to bail out working people. You can't have one standard for elites and a different model of responsibility for working people. Its just dont pass the sniff test.

Here's what don't pass the sniff test... We can't keep spending money we do not have. As you said, government can print money, but the more they do so, the less value the currency has, and eventually, you need a wheelbarrow full of hundred dollar bills to buy a loaf of bread. So that is not a solution to this problem, just as, spending more money we don't have, is not a solution. The only rational solution, is to stop spending more than we take in! For us to do this, we have to cut what we are currently spending, and encourage the things which might cause us to bring in more revenue. There is no other solution, and it's living in a dream world to believe such is the case.