You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #101: Federal money is not magical money. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
OneTenthofOnePercent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 06:17 PM
Response to Reply #95
101. Federal money is not magical money.
When federal money buys it, it just means EVERYONE pays for it.
Sure, you cannot print money out of thin air without consequence.
You either have to borrow it or take an inflationary hit.

That's not even the biggest problem. What about the social consequence of such actions?
I'll be honest... if the government was "giving away" homes to the homeless I would stop my mortgage payment RIGHT NOW.
Why throw away 1/2 of my salary when I can get it for free? I'll bet alot of others follow suit as well.
It'd probably be a few months before I get evicted and then I just have to go sign up for my free house.
Yup, you start giving away homes, and the lower middle class will walk away from thier mortgages in droves.

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC