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View Diary: The "Fiscal Cliff" and the Coming Retirement Crisis of the Middle Class (90 comments)

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  •  Since the federal government is the issuer of (10+ / 0-)

    currency, it can pay for all goods and services it deems needful with the currency it prints. The only reason to tax is to keep the currency circulating and counter the urge to hoard.
    However, what the Congress, tasked with managing the currency, has been doing is rationing its availability for the purpose of exercising selective control over segments of the economy. Why would the Congress want to do that? Because alternating deprivation with benefits is how they have grown accustomed to retaining their positions.
    We have elected a bunch of extortionists to Congress.

    We organize governments to deliver services and prevent abuse.

    by hannah on Thu Jan 03, 2013 at 01:55:13 PM PST

    •  So we should print enough currency to use it (2+ / 0-)
      Recommended by:
      Sparhawk, AmericanAnt

      as wallpaper?

      •  Hannah... (0+ / 0-)

        ...as far as I can tell, constantly posts cornocopian nonsense suggesting that if the government just endlessly printed money everything would be better.

        'Her' posts also have a strange cadence to them, they are uniquely recognizable within a few sentences, or words even.

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Thu Jan 03, 2013 at 11:16:58 PM PST

        [ Parent ]

      •  Of course not... (4+ / 0-)
        Recommended by:
        Odysseus, Kenneth Thomas, catfood, jm214

        but with the current high un and underemployment, the government could and absolutely SHOULD be deficit spending far more than it is. If inflation is such a threat with our huge current deficit/debt, explain why interest rates are essentially zero. The only explanation is that we are far from a spending situation where our deficit would yield "wallpaper" currency.

        Just another faggity fag socialist fuckstick homosinner!

        by Ian S on Fri Jan 04, 2013 at 07:03:42 AM PST

        [ Parent ]

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