correct... that was my point. your response then became an issue because it was beautifully devious and deceptive.
1. we could balance the budget by cutting spending . We had no federal income tax for years
2. we could raise revenues with tariffs
3. we could cap the budget and grow into it because govt receipts always grow over time because the Federal Reserve creates massive sytemic inflation over time.
4. this is more subtle... so pay attention.
presumably the vast majority of people are against printing over borrowing because of a fear of inflation.
4.a But... I ask you.. if the FEDERAL reserve creates the money we borrow... how is that helping us.
answer its not. the same inflation would still be caused.
4.b Since we know the federal reserve has printed trillions of dollars on its own that is did not give to the U.S.. how has income taxes helped us. Why don't we just fund the govt with the money the Federal Reserve is creating.
4. c. you can't reply with any substance because you, me, congress, the president, americans, no one but a FED owner, has any idea how much the Federal Reserve creates each year. they only account for some of the money they create.
So piezoe I know you are smart crony loving lefty... so instead of rhetorical devices why don't you respond with some substance to the above.
I would be delighted to be challenged on this so I could refine by argument.
That was your point; not mine. My point was that you are insane to suggest we must print the money we need without borrowing it. You are confused, of course -- when have you not been?.