If I understand correctly, the OP's comments are about money printing and Modern Monetary Theory.
I completely agree with him (her?). I don't know how we got into this... (Bush Jr?) but both President Obama, President Trump (whom I like) and now President Biden are going full head-long into this concept of printing money.
I have friends that span the entire political gambit, from my friends who's parents live in the Hamptons who literally espouse Communism as a good solution, to my friends in Florida who think states should secede. We're all friends because, back in the 80s and 90s... as teens, we didn't have social media and we learned to be friends with people we didn't 100% agree with.
Never the less... a large group of my friends (ON BOTH SIDES!!!) agree with MMT... and I just don't get it.
The concept is to print money, which helps pay for things we want, which will then lead to inflation, which then devalues the debt. I understand the point, but I don't agree with it.
China is looking to replace the dollar with their currency as the global standard. Being irresponsible with our budget is... well... irresponsible. It seems like politicians have absolutely no concept now of the budget.
I honestly wonder what happens here?
Does the USD get replaced as the global currency... there-by causing a total collapse of the US economy? And when that happens... what happens to those of us who have been responsible? Our money will be literally worthless... and what about the debt on our home? If we have sudden deflation caused by the sudden devaluation of the USD... are we now all responsible for paying that back, and / or do the banks now repossess all of our homes?
Totally random, I have poison ivy on my hands because I was pulling weeds yesterday... just noticed it's also on my private bits too. That is all...