There's that nagging question whether the GOVERNMENT can go broke. You want to know the truth?
GOVERNMENT can't go broke because IT HAS THE ABILITY TO TAX.
FEDERAL GOVERNMENT can't go broke either because of its very potent in the POWER TO TAX.
BONDS are payable in terms of money.
GOVERNMENT has the power to PRINT MONEY.
To pay interest or principal.
By coercing CENTRAL BANK to avoid default.
Is it true? IT'S TRUE!
IT IS THE TRUTH that we need to TRUST THE GOVERNMENT
After all, GOVERNMENT is of the people, by the people and for the people.
IF I go broke, YOU ARE ALL BROKE and broken.
The Issue of Restraint:
Keynesian economists attacked old rule of an annually balanced budget.
Why? It's a trap!
"Fiscal policy has to be put on constant alert... The management of prosperity is a full-time job." ~ Walter W. Heller ~
