What's wrong with old German's Mark? Sure seems to be doing just fine as the Euro against the Dollars!
And, the point is that there is LOTS of money in the US. . .it is just all going to the top .5%. . . So, why ask those who live on poverty or close to poverty income to pay more taxes, and to get cuts on all the programs that keep them from starving like 3rd world countries citizens while the top .5% gets wealthier on THE WORK OF THE MIDDLE CLASS every year?
Face it. . .it is the MIDDLE CLASS and the poor that make the economy work or fail! Because they don't have the luxury to send their "extra income " oversea. . .they have to spend it right here on NECESSITIES.
Please go back and look at the "velocity of money," and see what $1 of tax break (or unemployment, or food stamps) do to the economy, compared to the same $1 given to the wealthy!
OBVIOUSLY the policies of the Bush era didn't work for the economy, since it is clear that the $ LOST against most currencies during that period! Now the $ is a little higher than in 2006 to 2008 against the Euro. . .but it is a combination of NEW policies by the Obama government AND the weakness created in Europe by the fiasco of the 2008 crisis provoked by Bush's policies!
All those figures are readily available for all to see. . .but I am tired of posting them and never getting a reply that doesn't consist at "poopooing" it, and refusing to see the reality.
Obviously those countries who loan to the US are not as worried as the Republicans about our deficits, since they continue to loan money at a very preferential rate!
And, by the way, there is a clause in the constitution that specifically addresses debts incured even BEFORE the establishment of the constitution and forced us to repay our debts. So, by trying to refuse to raise the debt limit, which would force us to default on our debts, the GOP would throw the Constitution (which seems to be their bible) to the trash.
Keep on worrying about your "right to bear arms" in the second amendment, but ignore the clause in the Constitution that obliged us to pay EVEN the debts we had PRIOR to the establishment of this constitution!
That makes a LOT of sense!
are you suggesting that we could tax the rich out of this ?
you really need to give up on hysterics over social issues and pay more attention to reality.
we cannot tax our way out of this.