Thread: Confusing Fiscal Policy With Monetary Policy

I read an article today Click Here that seems to further confuse Fiscal Policy with Monetary Policy. To begin, let me clarify the terms. Monetary Policy is basically the nature of the unit of currency, such as gold, silver, fiat etc and how much of it to have. Fiscal Policy has to do with budgets, spending and taxes. With a century of deficit spending our basic problem is our spending and tax policy, our fiscal policy. U.S. National Debt Clock : Real Time

I submit that regardless of what side of the political spectrum you are on, good governance includes having a balanced budget and no debt (war time emergencies excluded). Therefore, America has not had good governance in a century.

I further submit the "Quantitative Easing" since 2008 was a highly politically pressured attempt to monetize the debt, to solve our fiscal policy problems by altering our monetary policy. And this is doomed to fail since the nature of our money is different from our political vice of imbalanced budgets and incomprehensible taxes. Now, I've written this OP with no attacks to either political side. PLEASE, PLEASE, PLEASE ... don't post if it is merely bashing "the rich" or one side or the other for I do not recall either side in 2008 offering long term solutions to our addiction to debt.

I consider this the most important issue our generation and the next several generations face. I say this because another article I read states that in 2019, the interest on the debt will exceed the defense budget Click Here. In other words, this is the most important political issue we face because we are enslaving our own progeny! For some reason people are outraged at private slavery but seem to give no nevermind to public slavery as this most surely is, for our generation can only live beyond our means if another future generation lives below their means. Can someone explain the complacency our society has about enslaving our own children and grandchildren? This should be wall-to-wall in the media and the single issue driving our national politics, not race (a private person shooting another private person in Florida), sex (gays in the military, gay marriage, contraception), or even hoodies!

Originally Posted by USCitizen

I think 9 was right a few weeks ago when he said even states are too large.
There's no way to have a solid fiscal policy in such a diverse and vast nation as the US.
And the diversity is only getting larger.

Sometimes it seems you are a troll, just posting one irrelevant thing after another. What connection are you making between diversity and a balanced budget?