Spungo
Diamond Member
- Jul 22, 2012
- 3,217
- 2
- 81
Don't worry bro. Our government is so incredibly rich that we can afford to give 40-50k to everyone for doing nothing. It's not like the Government Accountability Office has officially declared the US insolvent. Oh, wait, yes it has.But if such a job is guaranteed...
GAO said:Comparing total 2012 Government assets of $2.7 trillion to total
liabilities of $18.8 trillion yields a negative net position of $16.1
trillion.
Thank god we have a printing press and we can print money to pay for all of this. According to Bernanke and the Keynesians, printing money to pay debts does not cause inflation. Why do we bother collecting taxes if we could just print the money without causing inflation? It's all very complicated. You need a degree from Princeton before you can understand why printing money to pay debts will not cause inflation, but printing money to pay bills will cause inflation.
