On 27/01/2011 8:40 AM, Kevin Alfred Strom wrote:
On 1/26/2011 4:19 PM, bpnjensen wrote:
[...]
Has Obama raised taxes yet? Because I can point out several instances
where he has dropped them significantly, but can think of not a single
tax increase in the last ten years (and our taxes now are the lowest
they've been overall in over half a century). Extremely stupid and
short-sighted, IMHO. That's no way to rid ourselves of the growing
debt that may ultimately sink us.




There's no need for any debt whatever (unless your goal is to enrich the
bankers).

The government can print a thousand dollar bill just as easily as it can
print a thousand dollar bond. And the bill creates no debt.


With every good wish,



Kevin Alfred Strom.

You obviously have little understanding of what Fort Knox is for, apart
from the protection of the gold contained therein.

The printing of a thousand dollar bill creates a debt of a thousand
dollars equally as much as the printing of a thousand dollar bond. It's
just that the debt is far too subtle for you to comprehend. It is,
nevertheless, a debt which will need to be repaid at some time in the
future.

Krypsis