Both Bernie and Jill want to fund their agendas by “eating the rich”, dooming them to failure before they start. Once you start glancing toward the rich man’s bank account in your futile search for unnecessary funding he buys another congresscritter to protect his wealth (wealth protection is the new wealth creation in the second and third generations of wealth). The wealthy didn’t get wealthy by not knowing how the currency works. They are the ones holding the majority of our “debt”.
You really can’t blame them in one way. They know their tax dollars are “canceled” upon receipt, not utilized in spending. Would you hand your money to someone who only intends to torch it without a fight? The currency is sovereign and the debt is now something they make a couple of bucks on when the rest of the investment world is swinging from low hanging vines like apes drunk on rotted fruit. It certainly isn’t anything they will have to pay back as long as we don’t get crazy and exceed the trillions of dollars in reserve capacity we leave on the table every fiscal year. We could easily double, or triple, the deficit for the next few decades and not reach full capacity where inflation looms.
