We’ll inflate our way through it: make the dollar worth 25 cents, reduce the deficit to 25% its current level. It also raises revenues by forcing people into higher tax brackets as subsistence level salaries skyrocket.
Nothing is ever mentioned about who we owe the debt to but we know it’s the very people who cheated us out of our money forever. They print money we pay them to print and took away any value in our currency. Why even pay the cheaters back? They plan on getting it all from us…2030 you will own nothing. Truly stupid on our part.
” ... We’ll inflate our way through it: make the dollar worth 25 cents,”
A nickel candy bar now costs well over a dollar.
The dollar will never be worth 25 cents again.
“ We’ll inflate our way through it: make the dollar worth 25 cents, reduce the deficit to 25% its current level. It also raises revenues by forcing people into higher tax brackets as subsistence level salaries skyrocket”
Note: the purchasing power of $1.00 in 1913 (the founding of the Federal Reserve System) is now about $.03. It’s only downhill from here.