Biden admits we're where the Republicans warned you about. We're out of money
Sad day
Side Score: 4
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Truth for once
Side Score: 2
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Since THE IMBECILE revealed his madcap leftist monetary polices shortly after his inauguration it became chillingly clear that he had set America on a course for financial ruin. THE IMBECILE couldn't figure that if quantitative easing, or printing unearned money was all that was required to solve a nation's economic problems, EVERY FAILED COUNTRY ON EARTH WOULD BE DOING EXACTLY THAT. Every financial expert, business analyst and half baked economist in the country were all shouting from the roof tops how THE IMBECILE'S magic money wand was the creation of a dangerous illusion by a LEFT-WING MANIAC who couldn't run a wee corner sweetie shop never mind mastering the sophisticated fiscal management techniques and conservation of the nation's resources necessary to combat these challenging times. THE IMBECILE has managed to scuttle S.S. United States in record time. Hey IMBECILE have a cigar for your life-time performance. Side: Sad day
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oh no, I guess he'll have to print more Which caused the inflation and high prices we see. He can also increase taxes Your solution for a populace that can't afford the basics is tax them more. Clearly you aren't Robin Hood in the story. The US could also buy gold and sit on it. Good, more spending on something no one can eat that will only gain value as an investment in the future (theoretically) and help no one nor the debt now. By "out of money" he means they have no more purchasing power. Without purchasing power, you can't purchase gold even if it was some kind of magical answer, which it isn't. Side: Sad day
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Which caused the inflation and high prices we see. You do understand that it's the federal reserve (not Biden) the government entity that controls the printing of currency? and that the two currently driving factors for inflation are covid restrictions worldwide and Russia gas/oil imports. Your solution for a populace that can't afford the basics is tax them more. With current tax laws, if the IRS was funded properly and persecuted weathy individual illegally evading taxes, it would be more than enough to cover the budget deficits. As for increasing taxes, taxes don't go into a black hole. There are established methods of using taxes to stimulate economic growth. By "out of money" he means they have no more purchasing power. I was being factious about the gold... Out of money didn't mean the economy ran out, Biden is talking about budget allocationand asking a Republican controlled congress to approve more money because that's how the system works. Purchasing power isn't related to a country's internal economic engine but a relative measure of many currencies comparing the potential ability to purchace comparable goods. That's why you use the price of a bigmacs or the ratio of gold to silver as stardand candles. Side: Sad day
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Tax increase? I don't expect this to happen Elastic man Side: Truth for once
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