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2026-02-22 Home Front: Politix

GOP Sen. Kennedy: Refunding Tariff Money to Business Would Boost Economy

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Posted by Besoeker 2026-02-22 00:00|| E-Mail|| Front Page|| [1760 views ] Top

1 Kennedy said, "The most interesting question is, what we do with all of this money?

Don't forget to 'Pay Down The National Debt.'

Posted by Besoeker 2026-02-22 00:20|| 2026-02-22 00:20|| Front Page Top

2 No. The midterms are more important. Show the American people that tariffs pay. The only way that matters.

Posted by Jairong+Scourge+of+the+Gepids2435 2026-02-22 01:37|| 2026-02-22 01:37|| Front Page Top

3 Split the pot — it seems to me that both are important gestures to the citizenry.

Posted by trailing wife 2026-02-22 02:25|| 2026-02-22 02:25|| Front Page Top

4 NO to sharomg.

I agree with Besoeker, pay down the national debit first! Don't be distracted by anything else until the national debit is paid off, then we can focus on other things we can do with the money such as taking care of Americans first!

Posted by Seeking Cure For Ignorance 2026-02-22 03:28|| 2026-02-22 03:28|| Front Page Top

5 I should add that paying off the national debit will help boost our economy more than anything else would!

Kind of like paying off the high interest credit cards would help boost your own purchasing power!

Posted by Seeking Cure For Ignorance 2026-02-22 03:41|| 2026-02-22 03:41|| Front Page Top

6 /\ The National Debt is money the government has borrowed in the form of bonds and direct loans. At $36T dollars (According to the Debt clock), an enormous amount of money that we can just barely cover the interest payments on.

The government borrowing all that money makes it difficult for anyone else to borrow. Consequently, the consumer, homeowners and everyone are in direct competition for those dollars with our own government and their reckless, out of control spending and give-aways.

To combat the spending, the feckless government simply prints more of the paper money which makes what is available out there, of less value each year. We blame our current economic ills on INFLATION. But the simple truth is the problem is 'DEFLATION.' The 'DEFLATION' of the value of the value of the US Dollar.

If the government could manufacturer ROLEX Submariner watches by the trainload, how long would they hold their $14K current value ?

Same with the dollar. The more they print, the less the US Dollar is worth. Difficult to manufacture ROLEX's or mine more gold. Hence the spiraling cost of both. The cost of homes and automobiles are also items value that have spiraled in cost due to deflation of the dollar.

Printing more money to cover debt is little more than a ponzi scheme. We've got a drawer full of max'd out VISA cards and all we can hope to do is pay the minimum interest payments each month before we lose everything. When we can no longer cover the interest payments (or when new cards stop coming) the music stops and the party is over.

My fear is the government will eventually get rid of the pennies, coins, and paper and switch to electronic money, BITCOINS, etc. FDR switched to "gold backed paper" in the 1930's and government money printing presses roared. "Gold backed" dollars became the big lie. The gradual devaluation of the dollar had begun. A conversion to electronic money will produce a similar devaluation. It will be catastrophic (music stops).

Any available money or resources the government can put their hands on should go to paying down the national debt as fast as possible. The basic economics of what is taking place is actually not difficult or complex, it's just common sense.

Posted by Besoeker 2026-02-22 03:56|| 2026-02-22 03:56|| Front Page Top

7 Some POS federal judge will decree where the money should go

Posted by Airandee 2026-02-22 07:30|| 2026-02-22 07:30|| Front Page Top

8 You want the economy to roar? Give small businesses and the working class a 6 month tax vacation.

Posted by DarthVader 2026-02-22 08:16|| 2026-02-22 08:16|| Front Page Top

9 [AI]
Wealth of Nations Debt

**Adam Smith’s *The Wealth of Nations***, published in 1776, examines the foundations of economic prosperity and critiques the mercantile system. Smith argues that national wealth stems from productive labor and capital accumulation, not from hoarding gold and silver. He warns that **government debt**, particularly when used to finance unnecessary wars or lavish expenditures, undermines long-term economic health. In *Of Public Debts*, the final chapter, Smith cautions that funding deficits through borrowing can enfeeble states, as it shifts the burden of taxation to future generations and creates a moral hazard where governments avoid fiscal responsibility.

Modern interpretations, such as the **IMF’s 2018 analysis** titled *The Wealth of Nations: Governments Can Better Manage What They Own and Owe*, extend Smith’s ideas. It reveals that governments often ignore their **assets**—like infrastructure, state-owned enterprises, and financial investments—focusing only on debt. The analysis shows public assets total $101 trillion (219% of global GDP), while liabilities (including pension obligations and public corporation debt) reach 198% of GDP. This underscores that **net worth**, not just debt, determines fiscal resilience. Countries with strong asset bases, like China, can better withstand economic shocks, even with high debt.

Meanwhile, critics like economist Richard Murphy argue that national debt is not inherently dangerous—it is, in fact, **a component of the money supply** created through government deficits. However, the **ownership of debt** by wealthy individuals and institutions (e.g., pension funds, life insurers) concentrates wealth and enables unearned income through interest payments. This raises concerns about fairness and democratic control over money creation, suggesting reforms like yield curve control and fairer taxation of unearned income.

Remembering the origin of the 'surplus' was the world's greatest economic engine, I'm inclined to return it to the people, who in turn will spend it on consumer goods: housing, cars, appliances, ...

Posted by Skidmark 2026-02-22 09:11|| 2026-02-22 09:11|| Front Page Top

10 /\ Smith cautions that funding deficits through borrowing can enfeeble states, as it shifts the burden of taxation to future generations and creates a moral hazard where governments avoid fiscal responsibility.

More 'truer' words never uttered.

Posted by Besoeker 2026-02-22 09:16|| 2026-02-22 09:16|| Front Page Top

11 Tokenized Tyranny: How Elites Are Digitizing Our World for Total Control

Posted by Skidmark 2026-02-22 11:44|| 2026-02-22 11:44|| Front Page Top

22:13 trailing wife
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