Citizens of the United States no matter what you think the government should do, do we have the credit for it?
Is the value of the dollar in danger because of deficit spending?
- Anonymous1 decade agoFavorite Answer
So David is just another pig feeding at the government trough, but the idiot doesn't understand how little those 1400 dollars are worth now thanks to the fed, or how crappy the economy has become since the Federal Reserve Act of 1913.
If David wants to find out why we need to end the fed, he needs to look no further than Ludwig von Mises and F.A. Hayek's nobel prize winning theory of the boom/bust cycle (we're in a bust). All created by a central bank playing tidleywinks with the interest rates.
But to your question, Mr End the Fed, no we do not have credit and we should not be borrowing or taxing any more, we need to get out of this recession before we start any more big spending programs.Source(s): Meltdown by Thomas Woods Jr.
- The PatriotLv 71 decade ago
The dollar is in danger not through the spending on the deficit (which all major currencies have spent on) but rather through the rise of other economies.
- Paul Grass™Lv 71 decade ago
The dollar is in grave danger of International collapse which is due as you point out to deficit spending
- Anonymous1 decade ago
the dollar is in a free fall. it is directly related to deficit spending and speculation. the world knows that we are out of money and that china has pulled the tit away from us. the worst part is, when all is said and done, obama's time in office will end and everyone will blame the republicans two days into a new mandate. it's how it works.
- How do you think about the answers? You can sign in to vote the answer.
- DanielLv 71 decade ago
Yes to the first question
No to the second
As a percentage of GDP we are just fine
Things are being done for stabilization and if you have a better plan than what is happening, offer it on here as questions and then you can see what the answers would be.
Like if you ACTUALLY have a plan to END THE FED and want to do it, just lay it out here in a question. I will give you no less than 100 reasons to every statement as to why you are wrong.
That is because I know what this group believes and it is just not irresponsible it is just plain not truthful or accurate.
So, test me, Mr, End THE FED, and we will see who understands the economy the most.
Oh, and thanks to the bank bailout I made like 1400 bucks trading today.
So bring it.
- Boomer WisdomLv 71 decade ago
Nope. The Chinese will put a limit on it, and sooner or later Congress will slide the card and it will be rejected.
I hope Obama speaks Chinese when he calls the customer service line. We'll let him apologize for the fiscal irresponsibility of the kids in Congress.
As for our recently quadrupled debt, it and our socialist policies will do nothing but pound our GDP into the ground.
- Anonymous1 decade ago
who cares about these obtuse trivialities, my pudding cups are missing!