What an idiot. You can't get out of debt by "borrowing" money.
The first thing one does to get out of debt is tear up the credit cards. The fiscal cliff is akin to tearing up the credit card.
Debt is dumb, cash is king.
Stop worrying about the ‘fiscal cliff.’ Spending cuts would feel therapeutic after watching Standard & Poor's and Egan-Jones downgrade our credit rating and seeing President Obama add $6 trillion to the national debt. The way to avert another recession and massive inflation is to eliminate the unconstitutional Federal Reserve.
There are two ways for politicians to “pay” for their spending. They can be transparent and raise taxes extremely high across all income levels. (This is not happening because politicians know Americans would riot.) Or, they can be sneaky and “monetize the debt,” which means allowing the Federal Reserve to print money...
And this is not a new concept either. This is the basis for Social Security, and any idiot can tell you that the SS system workes very well. Let the young pay for the old, after all, the young owe it to their elders. They were born to serve those who came before them.
LD is sarcasm
good at it too
It is obviously a sound practice, otherwise our rulers would not be doing it. They are wiser than the common citizen, that is why they are in the position to rule while common people are in the position to obey.