US Senator Lummis thanks God for Bitcoin, while the congress discusses the increase in the debt limit-economy
US Senator Lummis thanks God for Bitcoin, while the congress discusses the increase in the debt limit-economy
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"Thank God for Bitcoin," said US Senator Cynthia Lummis in her speech to the Senate about raising the US debt limit. "Bitcoin is not issued by a government, so it does not refer to the debts that are accumulated by governments," she said.
US senator in the congress: "Thank God for Bitcoin"
Senator Cynthia Lummis praised Bitcoin during her speech in the Senate last week about raising the US debt limit. The senator was a Bitcoin-Hodler since 2013 and has repeatedly declared that Bitcoin has great value storage .
lummis pointed out that the legislator discussed intensively about an increase in the debt boundary, but "almost nobody spoke about the debts" himself. "We are approaching the $ 30 trillion.
The Senator from Wyoming explained:
The countries tended to decrease in the past as soon as the debt exceeds their gross domestic product.
Citing the Congress household office, which explained in February that the state debt would exceed the country's GDP this year, the Senator called out: “The increase in the debt limit discussed here serves to be able to make more expenses without approaching our debt quota. It is so irresponsible on the lowest levels.”
The Senator warned: "We quickly approach a time when we will no longer be able to pay our debtors.
She continued to share:
One of the reasons why I am so interested in digital currencies, non-Fiat currencies, is that they are not issued by a government. Bitcoin is not issued by a government, so that it does not adhere to the debts that are accumulated by governments.
lummis claimed: "If we drop the dollar, have the teachings from history in front of us and do not act, we are really irresponsible."
she explained: "In the event that this emergency occurs, I would like to make sure that non-Fiat currencies-currencies that are not issued by governments can increase currencies that are not subject to political elections-to save people in the event that we know that we know that we have to do it."
"There is no evidence in the 21st century that we will do this right. Again and again the presidents of both parties in the US representative house and in the Senate have stopped the debts without the intention of tackling them," the Senator described and added:
So thank God for Bitcoin and other non-Fiat currencies that exceed the responsibility of the governments, including our own. This is an indictment of our responsibility ... this impending, predictable, massive problem.
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