It does no good to give people money we don't have if we trigger hyper inflation and people are paying $100 for a loaf of bread. We are attempting to spend ourselves into a currency collapse.
We are playing a dangerous game.
Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes
States can't file bankruptcy because they are sovereign. That can just tell the people they own money to to bugger off. But that is why states can run budget deficits typically.
Give the Demos time.
History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~
States can't file bankruptcy because they are sovereign. That can just tell the people they own money to to bugger off. But that is why states can run budget deficits typically.
You realize that "money" is not even tangible any more. No longer are paper dollars or metal coins required to be "money". Now "money" is "1" and "0" on a computer screen. Need 100 Trillion Dollars? Just type it into the Federal Treasury account.