In the real world, my house, if we run out of money we have three options:
- Borrow some money from someone else.
- Spend less.
- Work more to earn more.
The only way to get "money" from myself when I have no money is to make my own. There is a little word for this, counterfeit. That story would end with me in the slammer.
So what are we to do? Let's look at the options as outlined above:
- Borrow from someone else. The creditworthiness of our country is sagging. China wants to move away from the dollar and the world in general is very nervous about our situation. Not the best option.
- Spend Less. We are doing this in our households but not as a nation. Our government is actually spending more. Ya, that makes sense.
- Work More. Since the government does not produce anything this is not an option. The closest the government can do is tax our work making us work more. Unfortunately this seems to be a real option.