Saturday, May 19, 2012 3:41:56 AM
@BlazingBird "Using a kid to further someone else's motive. It`s rehearsed, you can tell."
Really? A 12-year-old kid with limited knowledge and zero pertinent real-life economic skills had to practice a little to give this 6 minute speech? Obviously, she must be of special needs, as every toddler in my son`s daycare can rattle off Homer`s Odyssey and all the works of Shakespeare, verbatim, without even having read them.
Thursday, May 17, 2012 9:31:31 PM
She missed the larger point: if the government weren't spending more than it was taking in, it wouldn`t have to borrow ANY money from ANYONE! When you spend money, it has to come from somewhere. You can raise taxes, borrow it from banks or by selling bonds, or you can create it out of thin air. This latter option does not, according to popular misconception, cause inflation; this IS inflation. Rising prices are caused by inflation.