Maybe it’s just seeing that every taxpayer has over $1 million of liability based on the unfunded liabilities of the govt and reading that
“The Government does not have any money, it does nothing to earn money.
Government takes money from you and borrows more (from your children), then spends that! The bailouts of 2008 and 2009 are purely deficit spending.
Expect to see enormous deficits in the future, leading to much more debt. Interest payments on that growing debt will become the largest item in the federal budget”
Think of interest on the debt as transfer payments from the government to savers. That could be good in constraining discretionary government spending.
[quote=The-Shoveler]Too obvious, maybe they will just increase wage inflation from the bottom up 🙂
Still waiting for the trillion dollar coin.[/quote]
Like I said before, I fully support raising the minimum wage to a living wage. I would also support it if they propose to raise it to $20/hr. I welcome wage inflation.
I guess scaredy can chime in, but I feel the biggest liability in life is kids. But then again, on balance sheet, we bring no money into the world and take no money off to the heaven as well.
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