I guess you don’t understand credit downgrades and what they mean.
So, we can run endless debt without anything happening?
Why is inflation running rampant right now and interest rates are being raised every month and it still isn’t slowing like they thought?
You think that comes from only greed?
Of course they can always pay their bills by printing money, but what are the ramifications of endless printing? Nobody has ever said the federal government will become insolvent, but I hope you will enjoy your loaf of bread that costs $1,500.
Since the federal budget has been run the same for decades and will continue to be run the same way, why did it not create this kind of inflation before?
No, there were massive supply-chain issues and a pandemic that played their part along with greed.
And you think printing money is the cause of inflation? Read a heterodox economic book and breakout of the gold-standard orthodox bullshit. But you won’t because you already know it all.
Has the U.S. ever had a credit downgrade before? If so, what catastrophe occurred?
You and other rubes like to bring this up but again what does this have to do with understanding how our federal budget works? Running a business is completely different than running a government like ours.
So would you agree the that the often stated SS will run out of money is manufactured bullshit. Talked by economically ignorant people trying to scare the public.
You do realize our debt is not the same as decades ago right? At some point the system will break.
So printing trillions had nothing to do with it? Got it. You do realize we have had massive supply chain issues before that did not cause this type of inflation right?
The first ever downgrade was in 2011 under Obama and yes it has had negative effects. It went from a AAA to a AA rating, which resulted in higher borrowing interest rates, which has contributed further to the debt increasing.
It is all interrelated. Government decisions and operations directly and indirectly affect private business on a myriad of levels. You would understand that if you had ANY experience running a business or dealing with large amounts of cash and credit.
But you don’t and never will.
You keep harping on this running out of money bullshit. No, technically we won’t run out of money, but when the dollar is worthless it will be like being out of money.
Glad you have plenty of money to wipe your ass with, but you won’t be shitting much because you can’t afford any food.
And you do realize that Japan’s debt to GDP ratio is twice the size of ours. And they’ve been outpacing us in this category for some time. Where is all the hyperinflation?
And you do realize we didn’t have a pandemic before and all those supply chain issues brought to us by it?
What about the trillions of dollar bailout of the banks? Did this cause inflation? Oh that’s right you said it couldn’t happen after reading a paragraph of the 2 PhD candidates wrote a paper on it for their dissertation. Your brilliance knows no bounds.
