Anonymous
Anonymous asked in Politics & GovernmentPolitics · 9 years ago

Why won't conservatives let President Obama repay the national debt?

President Obama could spend a few billion dollars to set up more money-printing machines and then run them 24/7 until enough money has been created to repay the $14 trillion debt. Voila! Problem solved.

When there's more money, there's more wealth to spread around. More jobs will be created. Why do conservatives think this is a bad idea?

Progressive Liberal

18 Answers

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  • y
    Lv 7
    9 years ago
    Favorite Answer

    They did that a year or two ago, it didn't help. Just drove up the cost of staple items that they then removed from the inflation formulas. Weakened the dollar which was a contributing factor to the increase of energy cost, that part was planed though.

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  • CC
    Lv 7
    9 years ago

    Vicious cycle. The more money you print the less value the dollar retains, hence higher inflation, average American unable to afford anything other than bread and milk to survive, and subsequently defeats the purpose.

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  • 9 years ago

    I'm British and I don't know too much about American politics but I thought Obama was a bit of a socialist. So wouldn't he be borrowing more money, not paying it back?

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  • 9 years ago

    Geez! This is exactly why you libs shouldn't vote! You have to have something to back up the paper, dude! We have nothing left! It's like when you take out a loan at a bank. They don't just lend to everyone. You have to have collateral, or a good credit score, or someone who will vouche for you. America has none of the above! We've used it all up. Thanks to Obama and Co.

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  • Anonymous
    9 years ago

    Obama is printing a ton of money every day and it putting us further into debt

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  • Anonymous
    9 years ago

    More dollars flaoting a round means less value forthe dollars which means are creditors get pi$$ed which means they start lobing nukes.

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  • ken
    Lv 6
    9 years ago

    Yeah and while he is at it he can print enough to give everyone 2 million and there you go. We would solve the health care problem, homeless, hungry because everyone would be millionaires. This is so simple.

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  • 9 years ago

    ROTFLMAO....you are seriously funny, ever consider becoming a comedian! Obama doesn't want to repay the national debt he wants to ADD TO THE NATIONAL DEBT. Big difference Sparky!!! Still funny question thanks for the laugh!

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  • 9 years ago

    Because conservatives know what interest is, unlike liberals. Printing more money isn't going to solve the problem.

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  • That's not the plan. The plan is to raise taxes on the rich. That will work. The Republicans will obstruct that and everything else he tries to do, lest he get credit for getting things done.

    Two can play that game. Democrats can filibuster everything a prospective Republican president does, then accuse him of being an ineffectual leader.

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