There is deficit spending and debt. Both are way too big. Spending must be cut.
2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.
Federal spending does not call for the printing of more money, it calls for the borrowing of more money.
Government borrowing has nothing to do with the Fed, it's the responsibility of the Congress.
Got it.
I don't think you do.
What was I thinking?
You weren't.
I’m trying to discern your motive. It’s as if you supported TARP. Then you reconcile it with, they all paid it back.
Well, that’s wonderful. Imagine if any one of us could accept a few billion for a few months/years, and what we might do with it. I figure with a few choice investments, I could pay the govt back while making a mill or two. Do you think this is what they did?
Nevermind, they would never do that.
This is why they penalized their executives, and no bonuses were given to any of them./s