Interesting, almost everybody I’ve talked to knows that government is not a business. So why is the government hoarding it’s our money? We gave the government money to spend on maintenance and infrastructure build-out, to help people and make the future brighter and better. If they aren’t spending it, give it back, they obviously don’t need it.
They are being told by ‘economic’ genius, that they should hold on to the surplus so that there would be funds for any crisis in the future. However the only known constants in the world are death and taxes. The government will ALWAYS have enough money, This government will always increase taxes when it needs it. It always allows energy, communications and transportation businesses to increase their rate at will, so we know that they will increase taxes should a crisis arise.
So why don’t we have a world class health system, why do we have high speed trains that can’t go high speed due to poor railroad tracks. Why do we pay taxes and get nothing back, except back talk from this government?
This week we will see how bad the hoarding will be. Who are they saving our money for, us or their ‘friends’?
The government will ALWAYS have enough money,
They nearly went bankrupt in the 80s as they did not have enough money.
But good points none the less. A lot of the reason for the hoarding is the government have no control over interests rates. So they can’t control the economy this way they can.
The U.S. government it trillian of dollars in debt, and have never gone backrupt, the Irish government could go into debt, or raise taxes, cut spending or the politicans could take a pay cut. The government can never go bankrupt, except in the area of honesty.
Think about that, does a government need money? If it had none, could it still govern? Do we owe a government anything other than to respect their governance?
Think tribal, did the chiefs of Ireland need a bank account, or the loyality of fellow members of the tribe?
Well in the 80s the Irish government raised income tax to about 50-60% and slashed health spending (reason we have so few beds. They had to close them down)
The reason that America can go so highly into debt is because they have the dollar which is the reserve currency for most countries. Thus there is plenty of people willing to take the debt as they will boast their own reserves. Ireland with the punt would not have had this kind of lee way. Also America is going to sound find out how bad debt really is . When people seeing the fall of the dollar and switch to yen and euro.
You can only go into debt if someone is willing to give you the credit to do so.
or the loyality of fellow members of the tribe? They lived in a feudal barter system. Slightly different. Indeed you have to trust someone to allow them to go into debt to you as you have to believe you will get your money back.