We are not broke as a nation. We are not bankrupt. We can’t go bankrupt. We absolutely cannot go bankrupt because we have the power to create as much money as we need to spend to serve the American people.
Chairman of the Budget Committee
U.S. Representative (D-KY)
September 9, 2021
Democrat Budget Committee Chairman: ‘We Have Power to Create as Much $$ as We Need to Spend’
House Democrats argue “we can’t go bankrupt because we have the power to create as much money as we need to spend…”
And he’s serious. pic.twitter.com/LdFpCwGclT
— House Ed & Labor Republicans (@EdLaborGOP) September 9, 2021
This claim will not age well.
If this were true then why not create enough money for every person in the U.S. to have an “universal basic income” of $100K per year? Everyone, if they wanted, could just retire in comfort and live happily ever after. And why stop there? Why not create and distribute enough money for everyone on the planet to comfortably retire?
One has to conclude he is one or more of the following:
- Incredibly Insane.
- Incredibly stupid.
- Incredibly evil.