pull down to refresh

As Budget-neutral is the phrase that pays now, I've been watching some of the possible ways this administration plans on achieving that target.
The US government maintains strategic reserves covering a range of assets and commodities, including gold, petroleum, natural gas, foreign currency, medicine, land, critical rare-earth minerals and even cheese.
The most liquid of these strategic reserve assets are petroleum, gold and foreign currency.
While I suppose that selling current reserves to buy new ones is technically "Budget-neutral" it's still using reserves that were originally purchased with taxpayers money. Furthermore, there's nothing saying that the government needs to be Budget-neutral in order to replenish their current reserves.
Ie, sell the oil, use that money to buy bitcoin. Woops, our oil reserves are low so we can use taxes to restock.
Unfortunately, no matter what they claim, it's almost 100% likely that the taxpayers are going to be buying bitcoin.
I think it's one of the better things tax payer money can go towards. Beats paying for war, which is where most tax dollars go these days.
reply
Disregarding my opinions on what is and isn't a good tax, the point of this is more about what they are saying vs what they are doing.
reply
26 sats \ 0 replies \ @OT 8 Mar
I'll make a guess that "budget neutral" ways of obtaining bitcoin are through confiscation and possibly through convertible notes (the MicroStrategy play).
reply
Taxpayers will be paying the interest on the debt. Everything else that is spent will be printed.
reply
When money is printed it creates inflation, which in turn is paid for by everyone.
Not to mention more debt = more intrest that the taxpayers still pay.
There's no way of getting around the fact that the government isn't paying for anything, it all gets paid for by the average citizen no matter what.
reply