- May 12, 2014
- Reaction score
- Political Leaning
Yes, I have. But the government is not a for-profit organization.Isn't America great? There are citizens who believe we are so rich that we can willy-nilly forgive all manor of personal debt and the economy will be just fine with that.
Have you ever worked in a for-profit organization?
That's why I often harp on people to explain why they think federal debt and/or deficits are harmful. And to date, nobody has been able to come up with any evidence that they are harmful (because they are not). And it skews sooooo many threads about government debt and economics, this big, wrong assumption sitting like a turd in the middle of the discussion.
In 2008, when commercial banks were failing, the government and the central bank stepped in to bail everybody out. And they didn't break a sweat doing so; that's just one of the powers a government has, especially the government of a big, rich economy such as ours. People need to recognize that before arguing that the government can't afford to do this or that, or the taxpayers will be on the hook for every dollar spent, or other such nonsense.