Originally Posted by Rohirrim
Didn't you learn anything from Cheney? Deficits don't matter. Most of it is money we owe ourselves. Jobs are the issue, not tax breaks, and not deficits. Create jobs. The deficit will take care of itself. Besides, when it comes to runaway spending, I would trust the Dems over the Republicans.
Debt benefits the financial class, so deficits matter to them.
We can create debt free money like Lincoln's Greenbacks or JFK's US Notes. We can create money instead of bonds out of thin air. The bankers create Federal Reserve Notes out of thin air to buy the bonds. Their creation buys our creation, and we pay them interest for this exchange. There's no reason to have this system of debt-based money except to benefit the 1%.