lee wrote on Feb 9
th, 2026 at 3:47pm:
thegreatdivide wrote on Feb 9
th, 2026 at 3:17pm:
Govts, ARE trying - by trying to reducing taxes (to get elected) and ignoring government debt (which greedy conservatives always scream about) - and faling all around the world.
So not really trying.
Dummy, they are trying but failing, due to your blind, obsolete Neoclassical 'scarcity economics' ideology.
eg, Starmer's govt., like many, is on the nose after a year, because Rachel Reeves can't balance the books without raising taxes or reducing spending. See below.
Quote:So who is the fraud perpetrated against
The public - because pollies want to conceal debt numbers - owing to YOUR obsolete "scarcity economics" trumpeted by ignorant mainmstream media and economists who are screaming "balance the budget" - by reducing spending, of course.
Quote:Debt needs to be repaid. How is that different?
Your errors:
1. a currency-issuer doesn't NEED to borrow, being an obsolete convention of obsolete Neoclassical "scarcity economics'.
2. Even so, Japan and the US prove massive borrowing and debt can stand without crashing the economy, bond vigilantes can't touch productive economies.
Quote:Ah, only as long as the economy remains productive. And government debt is above all that? Right.
Correct, at last .....(but why do I suspect you aren't using your brain to arrive at that correct statement....)
Quote:So only when the resources are available? nothing about resources being available and not able to be mined. Not able to be refined because of a faltering power grid. Tell us when the competitive price of hydrogen reaches parity or batteries etc.
Your errors: "available" means available for the government to purchase (including by nationalization), if the private sector can't mobilize the nation's resources to achieve government goals eg net zero. Even Dutton wanted a government-owned nuclear industry in Oz.
Quote:Ah more people on the government tit, raise taxes again.
More of your obsolete "scarcity" economics....
Quote:So what's mythical about taxpayer money?
The myth is c-i government needs taxpayer money. Fact is a currency-issuing government ...oh, never mind...
Quote:Taxpayers pay it, it goes to general revenue and the government spends it. Technically it has now passed from the taxpayer, but it is still the source.
That's the mainstream's "scarcity economics" mythology. Govt. only needs to levy taxes to incentivize consumption (eg raise fuel taxes to promote adoption of EVS) or discourage consumption (eg to reduce tobacco consumption)
Quote:Of course you could claim that as the government created the money it was always theirs and they merely playing pass the parcel.
You could claim that, if you don't understand HOW money is created, to whom is granted the privilege of creating it, and why it is granted to that privileged group.