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<p>[QUOTE="medoraman, post: 1066940, member: 26302"]We woudl still have US Dollars, they might just be worth a quarter of a Euro or less. Most people do not get it, when politicians spend this money, it is not fake money they are spending, WE have to pay it back either through higher taxes or the government/market will TAKE it from us by devaluing our currency. Its real money either way. We are taxe every year over $400 Billion just to pay INTEREST on past borrowing, not even current deficits. If the US public really understood all of this, that this deficit WILL result in a lower standard of living and having assets seized from them, maybe they would do something about it. Unfortunately almost half of all Americans do not pay Federal taxes anymore, or get more money back than they put in, so they are happy to steal from the rest of us. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1066940, member: 26302"]We woudl still have US Dollars, they might just be worth a quarter of a Euro or less. Most people do not get it, when politicians spend this money, it is not fake money they are spending, WE have to pay it back either through higher taxes or the government/market will TAKE it from us by devaluing our currency. Its real money either way. We are taxe every year over $400 Billion just to pay INTEREST on past borrowing, not even current deficits. If the US public really understood all of this, that this deficit WILL result in a lower standard of living and having assets seized from them, maybe they would do something about it. Unfortunately almost half of all Americans do not pay Federal taxes anymore, or get more money back than they put in, so they are happy to steal from the rest of us. :([/QUOTE]
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