capitol hill

so free stuff isnt free? wtf

It's Modern Monetary Theory. The idiotic economic theory that become the default theory of leftists all over the world. The idea that whatever the government wants to spend money on they just print it. Some of the advocates of this theory worry about inflation but they think each nations legislators can just pass laws that will stop inflation.

Yeah, that's gonna work. (heavy sarcasm)

Why is it that the left has nothing but bandage solutions for all the problems they cause.

The original idea of the Federal Reserve was to print money, then take it out of circulation to balance out, and it worked, sorta, people lost buying power, but the economy would spring back. Nowadays we don't use paper money and they can't take it out of circulation. So now they are just paying the minimum payments on their 2876% APR payday loan to China.

That's exactly right.

to add to this point, Biden signed at the beginning of the year, for the first time in history, the Federal Reserve was allowed to "electronically" create money and didn't have to print physical paper money.

To give some perspective to the insane volume of money "printed" by the government in the past year, during Obama's reign, the Federal Reserve was printing money as fast as they could. They used 1900 tons of ink per day printing physical dollars and that was to print a paltry few hundred billion.

the other very valid point about this idiotic economic theory about printing money is that the tax revenue of the U.S. is just over $4Trillion / yr and since they've printed over $3.5 Trillion in the past year and a current proposal to print another $900B this year, do they really need to tax at all?

If you just look at 1930s Germany, their currency and government went through the exact same change and process that the U.S. is undergoing now. Huge debt spending, printing large amounts of currency, necessary control of resources which resulted in foreign wars, etc.

Exactly! They've printed enough to where they don't need our money

In addition to that, if all they need to do is print however much money they want then that negates the need for them to collect taxes altogether. But then, taxation was never about funding the government. It has always been about power and control.