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RE: Critical Mass: 17 States Now Disobeying Feds, Will Grow Hemp Despite It Being Illegal
being in debt and being bankrupt are very different things, we all know about our debts and deficits, we just don't care.
I care. I also don't think not caring is going to help prevent bankruptcy.
@foxkoit has a good point about out of control national debt.
I think we are going to turn the corner on the deficit sooner than the MSM predicts, their estimates are based on an assumption that GDP will be no where near 4%. It's not real money, the national debt is not like an individuals debt, we can't print money.
A key point. The USG can't print real money anymore than you or I can. You're ignoring the elephant in the room if you think that doesn't have real world consequences.
A cursory examination of recent history reveals numerous examples of how printing doesn't fix national debt problems. Start with Weimar Germany, and end with Venezuela.
We don't want that 'fix'.
Well, that's demonstrably false. Are there any examples of American currency being worth zero?
Those are examples where countries have printed money irresponsibly.