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To: Red Badger

Spending money you don’t have — going deeper into debt — so that you can intentionally inflate the currency — so that you can more easily pay off the debt — that you just expanded?

Seems like a typical Democrat idea.


28 posted on 07/21/2021 9:33:26 AM PDT by ClearCase_guy
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To: ClearCase_guy

They have done this before......................


32 posted on 07/21/2021 9:35:29 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: ClearCase_guy; Red Badger
Fun fact: The Social Security system owns more federal debt than China. Until the Fed Reserve went on their years like "QE, not-QE" buying binge of treasuries, the Social Security system was the largest holder of U.S. debt for many years. Now it's the Federal Reserve.


So basically, inflation harms current and future SS check recipients way more than in harms China. We're hurting ourselves (and should hate inflation all the more).


Fun fact: China hasn't paid a penny in the Chinese treasures Americans bought from them in many decades. They owe us about $1 trillion, which is about as much as we owe them.

45 posted on 07/21/2021 9:54:45 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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