I ask this question with genuine sincerity: Can't we just print more? Why do people think we can't just print more?

  • LeninsRage [he/him]
    ·
    3 years ago

    Yes but thats not the problem here

    The problem is the debt ceiling, the performative, procedural, nominal limit on how much the government can borrow through issuing securities to investors. It gets raised every time because the US government can borrow however much it wants to pay its budget because we're the global reserve currency, and neither party is going to countenance raising taxes on the rich or cutting hundreds of billions from the defense budget as a means of balancing expenditures to revenues.

    The Republicans don't have problems raising the debt ceiling when they're in charge. When Democrats are in charge though they've concern trolled about it since 2012. The goal is to get a pretext to spread propaganda through their machine about how fiscally irresponsible the Democrats are and that your taxes are going to go up with them im charge.

    • Sphere [he/him, they/them]
      ·
      3 years ago

      In fairness, Dems also concern troll about it when the GOP is in the White House, but they always back down much more easily.