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trump just run the presses print more money
Sep 12, 2018 12:24:16   #
Lonewolf
 
Yep, that's trumps idea to reduce the National debt just print more money!
The other way he has to reduce debt is to reduce income by giving tax breaks to people who don't need them.
If you're in deep in debt, it almost makes you think if you quit your job you will get ahead.


https://www.cnbc.com/2018/09/11/trump-once-considered-just-printing-money-to-lower-the-national-debt-woodward-reports.html

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Sep 12, 2018 13:19:12   #
pafret Loc: Northeast
 
Lonewolf wrote:
Yep, that's trumps idea to reduce the National debt just print more money!
The other way he has to reduce debt is to reduce income by giving tax breaks to people who don't need them.
If you're in deep in debt, it almost makes you think if you quit your job you will get ahead.


https://www.cnbc.com/2018/09/11/trump-once-considered-just-printing-money-to-lower-the-national-debt-woodward-reports.html


That has been the modus operandi for the last fifty years. Why give Trump credit for what has been done many times in the past by both parties? Since the creation of the Fed in 1913 and in particular, the abandonment of the gold standard, by Richard Nixon in 1971, there has been no restraint on the printing presses. Consider something as elementary as savings, we have come a long way from Ben Franklin's "A penny saved is a penny earned" maxim. Any money saved has its value eroded swiftly by the relentless funding of giveaways and freebies, both individual and corporate. It is all funny money.

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Sep 12, 2018 13:24:56   #
Lonewolf
 
pafret wrote:
That has been the modus operandi for the last fifty years. Why give Trump credit for what has been done many times in the past by both parties? Since the creation of the Fed in 1913 and in particular, the abandonment of the gold standard, by Richard Nixon in 1971, there has been no restraint on the printing presses. Consider something as elementary as savings, we have come a long way from Ben Franklin's "A penny saved is a penny earned" maxim. Any money saved has its value eroded swiftly by the relentless funding of giveaways and freebies, both individual and corporate. It is all funny money.
That has been the modus operandi for the last fift... (show quote)



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