Uh huh, sure. First post, and it's about a path to instant wealth. Not an ad, no, no, it's not anything like the spam emails we constantly get, not at all. I'm convinced now that there is free money just lying around for anyone who has made some poor financial decisions.
And, I'm further convinced that the government can actually give all of the poor and middle class 80 grand a year forever. Why work? Why budget? Money is just growing on trees everywhere.
Why pay taxes? If the government can create wealth just by passing a law, then we shouldn't have to bother with that pesky business of sending the government money to operate on, unless, of course, we're in that privileged over a quarter of a million category.
Of course, the tiny little downside of such a plan would be that it might just cost $250 grand for a loaf of bread pretty soon.
You know, kind of like the same thing that happened in some of the South American republics that tried to balance their budgets by printing more money.
I was in Bolivia from '64 to '66. At that time the Boliviano was trading at 12,500 to a dollar. The government solved that problem by issuing Bolivian Pesos at 1,000 pesos to a Boliviano. That brought the price of a restaurant meal down to around 10 to 20 pesos for an entree, or about what a meal in a US restaurant costs in US dollars today. Already, the value of a dollar is about what a Bolivian Peso was in '66.
If we keep up the deficit spending, pretty soon the dollar will go the way of the Boliviano.
US pesos, anyone? Just $1,000 each, about the price of a bus ride.
Other than that tiny little drawback, deficits don't matter. Reagan and his Democratic Congress proved that back in '84 after all.
