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Author Topic:   Monetary Tsunami In America!!
thingamabob
Junior Member (Idle past 2646 days)
Posts: 23
From: New Jerusalem
Joined: 02-26-2009


Message 15 of 121 (610901)
04-03-2011 3:45 PM
Reply to: Message 13 by crashfrog
04-03-2011 2:26 PM


Re: Is there no need for concern?
crashfrog writes:
Of course. The government should give people money, to buy things:
Since the US government has no money, where would they get it from?
I know of only two sources.
They could raise taxes.
Or they could continue as they have over the last 2 years and borrow it from anyone willing to lend it to us.
Our national debt has increased since 2008 more than it increased by all the presidents from Washington through Ronald Reagan.
Well there is another way they could get money but it is still a tax. They could impose a 20% duty on all imports coming into this country. That would be a tax that is paid by the consumer thus everybody would participate in supporting the programs of the government.
It would also level the playing field and local factories could compete with those who use very cheap labor. That would take care of our unemployment problems and cause our purchasing in the US to increase.
thing

This message is a reply to:
 Message 13 by crashfrog, posted 04-03-2011 2:26 PM crashfrog has replied

Replies to this message:
 Message 17 by Phat, posted 04-03-2011 4:49 PM thingamabob has not replied
 Message 18 by crashfrog, posted 04-03-2011 4:58 PM thingamabob has not replied

  
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