yes it certainly does
Scroll Down to Read Other Opinions
lol right? basing our entire monetary system on being in debt to the people who print the money, paying it back with compounding interest! fucking nuts! I can't understand why this isn't the #1 election issue in every party, in every country, all the time.
Well, you can easily have more debt. That's not the problem in itself. The problem is that as you have a couple trillion deficit every year and just fix that issue by printing more money, you automatically get inflation. Depending on different sources, this Green New deal could literally cost 50+ trillion within 10-20 years, which basically means a lot of inflation.
well money = debt, they are the exact same thing in our monetary system. Inflation = increase of the money supply, aka debt, aka lowering the value of your labor.. it's like a hidden tax of about 95% of the value of your labor (at least that's what economists have calculated).. all with compounding interest."Green New deal could literally cost 50+ trillion within 10-20 years, which basically means a lot of inflation."holy shit, I didn;t know someone calculated that all out lol.. wow.
@Jager66 the American Action Forum (which is centre right) apparently calculated it could cost between 52.6 and 94.4 trillion between 2020 and 2029, and the current deficit is 22 billion. True, you're correct. I meant to say you could easily handle 150% deficit to GDP, so more debt in itself is not the issue. The issue arises when you go default.
Your not American so it doesn’t matter if you support it. But this does show how insane you are.
But, we only have 12 years left. :D
but wouldn't you love to see them trying to rebuild every home in America while paying everyone not to work?