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[–] LordRygon 0 points 2 points (+2|-0) ago 

I try to explain this to my hardcore conservative friends all the time. The Federal Reserve can and does create infinite money to buy back the bonds created to fund the deficit. It's really not worth the fight to "balance the budget."

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[–] 9451384? 0 points 4 points (+4|-0) ago 

The problem occurs when the fed transfers the phony money into real wealth. They use it to buy up houses, businesses, and more importantly political influence.

So one could argue that a balanced debt free budget absent of any fed fractional reserve banking is necessary for a society to be free of political corruption. Face it, no matter how much money a group of people uses to gain political influence it will always be dwarfed by the fed.

We should ask ourselves is it truly worth it for growth...