One Democrat lawmaker’s solution to combating money troubles in the United States is to simply create more out of thin air.
“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 Rep. John Yarmuth (D-KY) said during Thursday’s Budget Reconciliation markup.
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
However, according to financial analysis from the Hill on Friday, citing the Bipartisan Policy Center (BPC), “the federal government is on track to default on the national debt sometime in between the middle of