"The Black Wall Of Debt" has been known for a long time. Eventually the system WILL COLLAPSE because it's a Ponzi Scheme. You will run out of "new money" and the empty accounts are exposed.
Constant growth isn't sustainable either. Recession and de-flation need to happen now and then. Oh it hurts, but the other option is complete collapse.
Printing 40T and paying off the debt is one idea, but I think this guy just wants to print 40T and spend it :/ Saving 1T per year would almost balance the budget? Healthy cuts across the board would too.
But then there's debt on the State and Municipal level too...
I only made it 3 minutes in :p
Cutting frivolous spending and cracking down on schemes that divert billions of dollars to foreigners and the ultra-rich is still off the table, of course.
"The Black Wall Of Debt" has been known for a long time. Eventually the system WILL COLLAPSE because it's a Ponzi Scheme. You will run out of "new money" and the empty accounts are exposed.
Constant growth isn't sustainable either. Recession and de-flation need to happen now and then. Oh it hurts, but the other option is complete collapse.
Printing 40T and paying off the debt is one idea, but I think this guy just wants to print 40T and spend it :/ Saving 1T per year would almost balance the budget? Healthy cuts across the board would too.
But then there's debt on the State and Municipal level too...
I only made it 3 minutes in :p
Cutting frivolous spending and cracking down on schemes that divert billions of dollars to foreigners and the ultra-rich is still off the table, of course.