Why doesn't the US Federal Government use the extra money it prints every year to pay for socialized medicine

Question

That way there would be no tax increase!

NOTE: I did not say to print more money. I said to use the "extra" money that is currently being printed to pay for it. Thus, there would be no change in any existing detriment to the economy cause by printing more money

I think the gold and silver standards are great ideas, however, the value of money based on gold and silver are tied to the concept that gold and silver have a fixed value, which they do not have. The value of gold and silver, as the value of any currency or other object, is based solely on our belief that it has value.

Answer 1

Because insurance companies don't want socialized medicine and they are the most powerful lobbying group in the USA.

It tells you a lot when you think about the 2nd richest man in America, W.Buffet, acquiring the majority of his wealty by owning insurance companies.

Answer 2

You actually answered the question yourself. Or part of it anyway. There would be no tax increase. That way parasitic politicians couldn't give themselves a raise everytime they put their hands in the cookie jar.

Extra money???? That extra money actually devalues the real value of the dollar. It dilutes the monetary system, and the money isn't worth the paper it's printed on. It's all artifically inflated and is responsible for much of the recent inflation the nation and the world has experienced.

Imagine one day, you will be tracked and drugged by the very government that takes your taxes today. You'll be forced to work crazy hours and given no freedom. You'll eat what they prepare and take (possibly at gunpoint) a cocktail of drugs that will keep you working for days without any sleep and then led back to your cell. The word production will have a new definintion. You will be surrounded by security/army personnal wielding super sophisticated, state of the art weapons, ready to kill anybody who decides to revolt. And when they finally decide you are no longer of any use to their society, you'll be put to sleep like a cat or dog. All this to benefit the ultra elite in America. If you look closely, slowly the changes are being made to make this nightmare come true.

Answer 3

Read and find out a little known fact:

The Federal Reserve is a private banking cartel which owns the Department of the Treasury which is NOT the same as the U.S. Treasury. The Department of the Treasury is a private corporation which owns another private corporation, the Internal Revenue Service.

The IRS is the collection arm for the Federal Reserve!

The FED basically works like this: The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it.

Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency of the time.

Answer 4

The extra money? Any extra dollars fed into the system produces inflation. You can not add to the amount of dollars Without a comparative increase in value and exchange or newly created goods in exchange. The dollar is no longer based on gold or silver,we surpassed the available amount of gold long ago.


LEARN ECONOMICS!!!!

Answer 5

I believe you need to study economics. there is no "extra" monies printed every year.

The currency that is printed is backed by a percentage of the metal reserve in this country. And has been since being removed from the gold standard in 1972.

If the government were to as you say have "extra" monies printed, it wold lead to runaway inflation very quickly. and devalue the existing monies in circulation.

Learn something this year, study economics.

Answer 6

This is nice in a simple way. However nationalizing seven percent of our GDP will lead to inflation and denial of service. It WILL happen, take a look at social security plenty of money yet as people live longer it will slowly bankrupt the system, Nice try though.

P.S. In California there is emergency care whether you have money or not. And it won't effect your credit if you are truly poor. I know I was put back together after a whitewater rafting accident, and it cost me 0 although the bill was over 20,000.

although the illegals are draining this fund fast.....

Answer 7

First of all, years ago, for every dollar the U.S. Government printed, there had to be an equal value of gold in the treasury. When they decided in the 70's to do away with that, the value of the US dollar basically decreased because it was not backed by gold, but was merely a figure on paper.

The U.S. Government does not have more money merely by printing it. If that was the case, our money problems would be over just by cutting down some trees and cranking out paper money. It has to be backed up and given value in order for it to be worth anything.

Secondly, socialized medicine is not what it's cracked up to be. Although on paper, it sounds good, everyone is covered for medical treatment, studies have shown that the quality of medical care you receive is actually substandard to our current medical care. Many doctors have immigrated to the U.S. from countries with socialized medicine to do their practice because of the mismanagement, lack of proper patient care, and government red tape involved in socialized medicine.

If you'd like to see an example of socialized medicine here in the U.S., go to a veterans hospital. Veterans are entitled, on paper, free medical care just because they are veterans. Ask a vet how long it takes to get primary medical care appointments, or have their prescriptions sent out on time. Ask them how long they have to wait to be seen by medical staff, or some of the substandard care they receive there due to government red tape. It's a perfect example. I'm not blaming VA medical staff, it's the government red tape that makes even their jobs difficult.

Although our health care system needs to be revised, it does not need to be replaced with socialized medicine. That would be a grave mistake.

Answer 8

Where is the gold that backs that extra printing? They will not do it because this is a capitalist economy, which means you make as much profits as possible. There is not much personal or corporate profit in socialized medicine.

Answer 9

American government and American people already spent next two years of income through credit cards and global defense initiative. Least is spent on socialised medicine. Now China has destroyed a satelite. More currency needs to be printed.

Answer 10

Printing off extra money devalues the dollar. Therefore, the government doesn't put new dollars in circulation. They just use the "new" prints to replace the older dollars.