Most of us have heard this statement more than once -- "The US can't go bankrupt because we can print all the money we want".
It is rare however that you hear it directly from someone that supposedly is managing our money ... like "The Chairman of the House Budget Committee".
A super way to test it's truth would be to just cancel all taxes and print ALL the money. If his view is view is right, a new era in public wealth and ease has arrived! It is amazing nobody has tied since a simple solution before ... or maybe they have, and the results were "non optimal".
In further cherry economic news from our economic elite, the current numbers are not so bad if you just remove "beef, pork, and poultry" from the calculations!
I suspect the results could be further improved by removing milk, bread, and eggs!