Policy question: Inflation

Matt Dillon said:
From your link, YOU IGNORANT ARROGANT FUCKING STUPID DUMBASS!
"we examine how oil price changes pass-through to inflation in selected advanced economies (Canada, the U.K., and the euro area)."

^Where exactly does that say "United States", huh?!

NO-FUCKING WHERE WHATSOEVER!!!

Kick yourself right in the ass for me, you goat shit eater.
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So what?
 
Into the Night said:
Unconstitutional.

It is not possible for the United States to pay off the debt. It's broke and has been for many decades.
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why is it NOT Possible to pay it off?
there ARE things that can be done,
one of the most important ones is a Constitutional Amendment for a balanced budget , and it has to have teeth in it to make sure we do not over spend., and the ONLY time we should be able to over spend is in case of a war like WWII , or a really deep recession / depression.
then we could put on a 1 or 2 % national sales tax on EVERYTHING with no exemptions . NO exemptions for anybody , not for the poor , not for Businesses NOBODY , we all got some benefit from running it up so everybody should help pay it off. and when it is paid off it should be suspended , until we need to use it again ( the war . depression thing ) and this sales tax would be by law ONLY used for paying off the debt and NOTHING else and by law has to be suspended when the debt is paid off.
Have a nice day
 
Tbird19482 said:
why is it NOT Possible to pay it off?
there ARE things that can be done,
one of the most important ones is a Constitutional Amendment for a balanced budget , and it has to have teeth in it to make sure we do not over spend., and the ONLY time we should be able to over spend is in case of a war like WWII , or a really deep recession / depression.
then we could put on a 1 or 2 % national sales tax on EVERYTHING with no exemptions . NO exemptions for anybody , not for the poor , not for Businesses NOBODY , we all got some benefit from running it up so everybody should help pay it off. and when it is paid off it should be suspended , until we need to use it again ( the war . depression thing ) and this sales tax would be by law ONLY used for paying off the debt and NOTHING else and by law has to be suspended when the debt is paid off.
Have a nice day
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I've agreed with you for the most part, but your proposal would be an economic disaster.
 
Concart said:
I've agreed with you for the most part, but your proposal would be an economic disaster.
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why a " disaster" ?
and if you / they think it would hurt the low income earners , give them a 1 % rebate on their total income. but it would have to be on income below a reasonable level say 10,000 for single people and 20 for married.
as I said everybody got a benefit from running it up everybody should help pay it off.
 
Port Tack said:
If a policy of more drilling meant there would be more drilling it might mean a lower cost for gas at the pump and a lower price of goods and services. However, no president or political policy is going to convince the oil companies to produce more if it isn’t a wise economical decision for them to do so.





As much as the right would like to think the oil companies would like to increase production but government or regulations are holding them back, that is bullshit. Oil companies have no interest in drilling for more oil and driving prices down. If Trump is elected and he tells oil companies “drill baby drill” they are to tell him to go fuck himself. They will drill when it is advantageous for them to do so. Trump could pay them to drill more but that would be subsidizing a company raking in profits of 97 million per/day, something a moron like Trump might just try.





When U.S. oil companies purchase more oil abroad than they produce here it does not mean we are not energy independent. It means that U.S. oil companies are CHOOSING to buy or produce it abroad because a barrel of oil is cheaper for them there rather than produce it here.

If the price were to go to $120 per barrel the USA would easily out produce every country on the planet. The global price was high enough to produce oil and set records here for production under Trump and high enough to break those records under Biden. Neither Trump or Biden are the ones setting the global price for a barrel of oil and neither are responsible for those records, the oil companies are.

To answer your question, Trump is correct that the price of oil/gas certainly contributes to inflation because practically every product you buy depends on the cost to get it on the shelves and oil/gas is what gets it there. When Trump says a policy of “more drilling” means cheaper gasoline that is bullshit because a “policy” does not drill for oil, oil companies do and if profits tell them not to drill, Trumps “policy” isn’t going to make them.
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Somehow, drill baby drill worked rather nicely during Trump's first term. Our neighbors in Europe felt the same. Iran and Russia, not so much.
 
Tbird19482 said:
why a " disaster" ?
and if you / they think it would hurt the low income earners , give them a 1 % rebate on their total income. but it would have to be on income below a reasonable level say 10,000 for single people and 20 for married.
as I said everybody got a benefit from running it up everybody should help pay it off.
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It would drastically reduce consumer spending, and lead to a deep recession, one that, if a balanced budget was in place, could not be addressed by government spending. These austerity programs have been tried in a number of places, most notably the UK. Those programs absolutely hammered the most vulnerable populations, and had almost no impact on higher incomes.

Economic measures should not be implemented based on fairness. They should be implemented based on ROI. The first step that needs to be taken is to institute a wealth tax to rebalance the distribution of wealth, and it needs to be accompanied by a large increase on taxes for the wealthiest Americans. It is absurd that the long term capital gains tax is so low. It is absurd that we have a social security tax that is regressive. Our entire tax system needs a major overhaul. The wage/wealth gap is unsustainable and poses a far greater threat to our economy than does the debt.

Finally, we need to fix the healthcare system, which costs us more than twice the GDP of other developed countries, and has far worse outcomes. Austerity is not the answer.
 
Concart said:
No it isn't. We in fact did BETTER than those countries. You are completely out of your depth, Sheriff Woody. Go back to homophobic slurs. It's your strong suit.
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Apparently you have no clue as to what the fuck you're talking about. Nice leftist habit you have of never admitting you were wrong and then doubling down on derp. You truly are of The Hive Mind, Borgboi.
 
Matt Dillon said:
Apparently you have no clue as to what the fuck you're talking about. Nice leftist habit you have of never admitting you were wrong and then doubling down on derp. You truly are of The Hive Mind, Borgboi.
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I wasn't wrong. But trying to convince a dipshit that he is not a dipshit is above my paygrade, so carry on.
 
Lionfish said:
Somehow, drill baby drill worked rather nicely during Trump's first term. Our neighbors in Europe felt the same. Iran and Russia, not so much.
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Pocket lint, that's an apt descriptor. It comes from those other socks. We produced more oil domestically last year than any year in history.

You get an F- because I can't give a lower score.
 
PostmodernProphet said:
wouldn't we have to kill all the lib'ruls first?......
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why would we do that?
look back in history the debt has gone up more under Republican President s then Dems / Libs.
Reagan tripled it Bush II just over doubled it, yes Obama ran it up , it took him 8 years to run it up 8 trillion dollars it took Trump only FOUR ( 4 ) YEARS to run it up almost as much.
have a nice day
 
Throughout COVID, all we heard from economists was that there was gonna be inflation - pent-up demand, and all of that. Inevitable.

Conservatives are just revealing their predictability. Of course it was Biden's energy policies - that caused global inflation which started before he even took office.
 
Concart said:
It would drastically reduce consumer spending, and lead to a deep recession, one that, if a balanced budget was in place, could not be addressed by government spending. These austerity programs have been tried in a number of places, most notably the UK. Those programs absolutely hammered the most vulnerable populations, and had almost no impact on higher incomes.

Economic measures should not be implemented based on fairness. They should be implemented based on ROI. The first step that needs to be taken is to institute a wealth tax to rebalance the distribution of wealth, and it needs to be accompanied by a large increase on taxes for the wealthiest Americans. It is absurd that the long term capital gains tax is so low. It is absurd that we have a social security tax that is regressive. Our entire tax system needs a major overhaul. The wage/wealth gap is unsustainable and poses a far greater threat to our economy than does the debt.

Finally, we need to fix the healthcare system, which costs us more than twice the GDP of other developed countries, and has far worse outcomes. Austerity is not the answer.
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You ain't got no money, motherfucker. Talkin' some commie welfare shit of "rebalancing the distribution of wealth".
Biitch! If you had any money at all you wouldn't be talkin' that shit. Ol' whompa-lip no money mothafucka! :rofl2:
 
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