Overheard in Jersey City this afternoon.

[no_hypocrisy]

This is how out of touch republicans are -- and this guy likely reads The Wall Street Journal too . . .

So this repubican was saying that Greece was in a lot of (financial) trouble, but this country would never get in that kind of situation because (wait for it . . . ) we can always print more money.

[smokey nj]

1. That's what Mark Cuban was saying last night on Real Time.

[On the Road]

2. There is a Certain Point to It

in that Greece is handicapped by using the Euro and not its own currency. Printing money is not an option for them unless they go back to the drachma. It *IS* an option for the US, and has been used in the quantitative easing programs.

However, if the person who made the comment thinks that the US addresses its deficits through printing money, he is seriously misinformed. If the US *does* get close to Greece in the near future, Treasury might resort to printing money. But that would likely cause as many problems as it solves. It is truly a last resort.

[adamuu]

3. That's accurate.

A main problem with the Euro is that the constituent countries gave up their right to control their own money supply. We don't share that particular problem.

[former9thward]

4. Printing money is exactly what we have been doing for years now.

That is why we are up against the debt limit. If the debt limit is raised then we will print money up to the new limit. No one is out of touch that says that. It is just a economic fact.