If Our Country is Going Broke ...

[Scuba]

[LuvNewcastle]

1. The other day I was trying to think of a country that went broke because

it gave too much to the poor. I couldn't come up with any.

[unrepentant progress]

2. That's a horrible image macro

While it's heart is in the right place, it promotes a fundamental misunderstanding of our politico-economic system -- that the country can go broke. That's just not true. We have a fiat currency. The United States government can make as much money as it wants. While that might seem nitpicking, it's that very misunderstanding that politicians of both stripes, but especially the right, have been using for decades to deny essential services and necessary infrastructure. It's that misunderstanding that allows them to get away with so much. We shouldn't be feeding it, we should be tearing it down, and denying those who would use it to oppress the people.

[freshwest]

3. At least we'd go broke in style that way and not like an empire collapsing.

Our best hope for peace is setting a humane example. Empires are built on wars and deserve to fall.

[reformist2]

4. Net worth of all Americans: $66 trillion and rising.

http://www.federalreserve.gov/releases/z1/current/z1.pdf

[timdog44]

5. That is what my father would have said.

He was a minister of the Presbyterian sect. A lot of his parishioners had a hard time with that, but he did not care. It took me quite some time to realize he was a man before his time. To him Jesus was not the only way, but he was a good way.

[ReRe]

6. K&R

Hypothetically, I agree. But we must remember that the USA is not broke.

[Wednesdays]

7. K & R