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From: Robert Carnegie <rja.carnegie@gmail.com>
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Date: Tue, 3 Jun 2025 20:37:43 +0100
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On 03/06/2025 18:55, William Hyde wrote:
> Paul S Person wrote:
>> On Mon, 2 Jun 2025 18:16:04 -0400, William Hyde <wthyde1953@gmail.com>
>> wrote:
>>
>>> Lynn McGuire wrote:
>>>> On 5/30/2025 11:32 AM, Paul S Person wrote:
>>>
>>>>
>>>> Many people of gone through the numbers, taking every penny of the rich
>>>> will not be even close to fixing the USA debt.
>>>>
>>>> The only way to fix the debt problem through taxes is to tax the middle
>>>> class to death.  And the uniparty is rightfully scared to do so.
> 
> Should have said "deficit" there, rather than debt.
>>>
>>> In 1993 the Canadian federal government debt was 12.2 percent of GDP.
>>> The net government debt was far worse, as our provinces were far deeper
>>> in debt than your states are allowed to be.
>>>
>>> The currency was so weak we began to call it the "Zloty".
>>>
>>> The Liberal government eliminated the debt in five years, and we had
>>> surpluses up to the Wall Street crimes of 2009.
> 
> Again, "defect".  I really should proofread these.

Deficit?  "The amount by which expenditures
or liabilities exceed income or assets."
In government, deficit means borrowing money,
i.e. increasing your debt.  If you have a lot
of debt, then borrowing more money is hard
to justify.

A government can just print more money, yes.
But it seems to be generally believed that that
doesn't work.