The (federal) deficit does not matter. (3)
- 4 years ago
(3) ”Monetizing” and “quantitative easing” (QE2, QE3) are mostly, though not entirely, a matter of gobbledegook double speak which more precisely means that our federal government employees (congress) routinely authorizes the electronic generation of federal funds in order to meet federal expenditures when there are insufficient funds (deficit, not debt spending) available by way of our federal income tax system and whatever other federal income sources (royalties, fines).
In this third video it is discussed how we the people, by way of our federal employees who mostly behave as our federal masters, electronically generate monies to pay we the people’s federal bills but so far they have refused to use this same source of “income” to provide for a “Single Payer/Universal Healthcare” system. By the way, at the end of this video you should begin to accept the reality that we have never really borrowed any monies from China or anyone else for that matter and just for the record, the "twenty year bond program" is a hypothetical time period.
P.O.O.F.O.O.S.I.E.
In this third video it is discussed how we the people, by way of our federal employees who mostly behave as our federal masters, electronically generate monies to pay we the people’s federal bills but so far they have refused to use this same source of “income” to provide for a “Single Payer/Universal Healthcare” system. By the way, at the end of this video you should begin to accept the reality that we have never really borrowed any monies from China or anyone else for that matter and just for the record, the "twenty year bond program" is a hypothetical time period.
P.O.O.F.O.O.S.I.E.