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Thanks Jane. El Laton Caliente made the best post #23, the elephant in the room few people see.

“That’s the problem, they can’t. The USA is $30T in debt, at around 7.5% prime the interest alone would be over $2.5T. That is more than half what .gov takes in every year. The USA would be in default and with the Fed holding $9T of that debt...

The Fed can’t raise interest rates enough to kill the inflation like they did in the early Eighties.”

https://freerepublic.com/focus/f-bloggers/4070936/posts?page=23#23

I added my 2 cents.

Yet the Democrats either don’t understand that or they do understand that it will entirely break our country and that is what they want.

Many have bought into the modern monetary theory.

Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending.

Put simply, such governments do not rely on taxes or borrowing for spending since they can print as much as they need and are the monopoly issuers of the currency. Since their budgets aren’t like a regular household’s, their policies should not be shaped by fears of a rising national debt.

MMT is used in policy debates to argue for such progressive legislation as universal healthcare and other public programs for which governments claim to not have enough money to fund.

https://www.investopedia.com/modern-monetary-theory-mmt-4588060

The democrats talk about Republicans wanting to kill social security, wait until social security and medicare can’t be paid to people because all the taxpayer’s money is going to service debt. And what will happen when people don’t get their EBT and welfare?