Monday, March 9, 2020
On the Fact that All Debts Are Ultimately Paid, Either by the Lender or the Lendee, and, so, Yeah, to All of Those Idiot Republicans and Democrats In D.C. Who Apparently Think that We Can Continue to Have Trillion Dollar Deficits In Perpetuity, Time to Get Real, I Say
And we only have a tiny number of tools in our tool-chest; radical spending cuts, major tax increases (and not just on the rich because as anybody with half a brain knows, there simply ain't enough of 'em), defaulting on the debt (in which no one will ever lend to us again), and inflating our way out of the mess a la Argentina, Venezuela, Russia, the Wiemar Republic, etc..............Of course we could also be sane and prudent about it and try to get everyone to take a modest haircut now (which, yeah, may not be enough at this point but try we must) but being that that would require a semblance of political courage, it's probably a pipe-dream, huh (the fact that idiots like Pelosi, Schumer, and McConnell wouldn't know political courage if it bit 'em in the ass)?
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