It's pretty obvious by the last couple of gov. shutdowns...the majority of Americans want no part of Gov. spending restraints, no matter where the (monopoly)money comes from, or hows it's created.
After all, it has nothing to do with "earning" anything...because the media and the gov. have successfully convinced the majority of Americans that...it is the "responsibility" of GOVERNMENT to provide a comfortable standard of living...FOR ALL...and by any means necessary(ethical/otherwise).
...and now they don't even require taxing "rich people" to provide for the "entitled". With the creation of the Federal Reserve/other Gov. agencies(in bed with slimy, politically connected, financial institutions)whatever is needed will simply be..."conjured up"...will it not?
Look, several days after Obama was elected I saw him on TV saying "America is broke"....then he proceeded to spend $1 trillion + a year.
...how could that happen? /s
This money cannot possibly be borrowed, as no financial institution in their right mind could leverage themselves to such an impossible extent...unless there was a guarantee(or a "gimmick") to cover their a$$.
The only thing that prevented(and continues to prevent)the "worst economy since the great depression"...is the greatest Ponzi scheme in history.
...all Empires eventually fall...
Not at all. Any government can print as much as it wants. See Zimbabwe, or the Wiemar Republic, or the Roman emperors who clipped coins. The difference is that the US is coming from a historically unique position where it is running down its reputation and position as it overspends.
This time may not be different, but the operating assumption is that we can pretend for a while that it is.