Let's Run Government On Credit; And Not Collect Enough Taxes - It'll Be Great!

[Saudade]

Hello Woko Haram,


Proper regulation does not limit the population. It requires that construction be done in a way which does not exacerbate flooding.

The market also does that when the repercussions of disasters are not subsidized by government.

When GDP dips, that is called recession. We don't want that. Sure, recessions happen, but we should strive to have policy which does not cause them. Recessions hurt. Recessions should be avoided.

Decreasing the likelihood of recession is one thing, but if the focus is always on preventing recession no matter what, it usually just creates a longer and worse recession than the market would normally create. Look at what happens when the Fed decides to keep interest rates artificially low for too long. It becomes much harder to recover from a recession when they inevitably happen, if interest rates are already close to zero.

Don't look now, but China is a great emerging economy. Yes, there are some lessons there.

They're not doing so well right now, and it's not just because of coronavirus. In the next year or 2, they will suffer a major collapse.

That is only reasonable to people who are obsessed with ignoring progress and wish to revert back to some mythical time in history when they thought things were better, which is absolutely unrealistic.

You keep saying "progress", but what you're really talking about is "progressivism." They're quite different.

 

[PoliTalker]

Hello Woko Haram,

You're assuming that capitalism doesn't grow the "pie", so to speak. Economics are not zero-sum. As technology advances, so does productivity. The pie gets bigger, and each worker potentially has access to a bigger piece of pie, even if their proportion of the overall pie can be smaller. We've seen this in the development of every successful capitalism.

I am making no such assumption. I am counting on capitalism to grow the pie. And I cm counting on socialism to ensure that it is equitably distributed instead of everything save a few crumbs to the most powerful.

 

[PoliTalker]

Hello Woko Haram,

Decreasing the likelihood of recession is one thing, but if the focus is always on preventing recession no matter what, it usually just creates a longer and worse recession than the market would normally create. Look at what happens when the Fed decides to keep interest rates artificially low for too long. It becomes much harder to recover from a recession when they inevitably happen, if interest rates are already close to zero.

If you are arguing that a recession caused by cutting government is worth while then that's not the market normally creating a recession. That is a man-made recession caused by a political agenda being forced on government by an extremist view.

Republicans only argue they want to cut government in order to get elected. When they get in power, they never cut enough spending to balance the budget. Republicans usually run the debt up by cutting taxes and leaving us with insufficient revenue to pay for government.

 

[Saudade]

Hello Woko Haram,

I am making no such assumption. I am counting on capitalism to grow the pie. And I cm counting on socialism to ensure that it is equitably distributed instead of everything save a few crumbs to the most powerful.

Distribution of wealth is commensurate with ability and productivity.

 

[Saudade]

Hello Woko Haram,

If you are arguing that a recession caused by cutting government is worth while then that's not the market normally creating a recession. That is a man-made recession caused by a political agenda being forced on government by an extremist view.

Republicans only argue they want to cut government in order to get elected. When they get in power, they never cut enough spending to balance the budget. Republicans usually run the debt up by cutting taxes and leaving us with insufficient revenue to pay for government.

If you're saying we should never cut government spending, then hopefully, you can see what that would mean for either continuing to raise the debt or continuing to raise taxation.

I agree that Republicans don't often follow through on cutting as much government as they say they will. Granted, they also typically spend less than Democrats and usually expand the government less.

 

[PoliTalker]

Hello Woko Haram,

Distribution of wealth is commensurate with ability and productivity.

But mostly power.

 

[PoliTalker]

Hello Woko Haram,

If you're saying we should never cut government spending, then hopefully, you can see what that would mean for either continuing to raise the debt or continuing to raise taxation.

An optimal level of taxation can be struck. Revenue will rise with the rise of the GDP.

I agree that Republicans don't often follow through on cutting as much government as they say they will.

Thank you.

Granted, they also typically spend less than Democrats and usually expand the government less.

That's not true. DT, despite promising up one said and down the other to cut government, has actually expanded it.

 

[Saudade]

That's not true. DT, despite promising up one said and down the other to cut government, has actually expanded it.

He's decreased regulations in a lot of areas. But yes, he could stand to spend less on the military and entitlements.

 

[PoliTalker]

Hello Woko Haram,

He's decreased regulations in a lot of areas. But yes, he could stand to spend less on the military and entitlements.

Yeah, like screwing the environment so some favored cronies can make big bux drilling on land that belongs to all of us.

 

[countryboy]

What could possibly go wrong?

Debt is just a word, right?

We're old white men. We don't care. We'll be dead when the bill comes due.

Besides. We've got you fooled that this economy can last forever like this!

Enjoy it while you can. We sure are....................

.

.

.

Oh and btw: We are also killing all regulations. We don't care what they do. They are all alike, and we don't like them because they cost us money. And we can't get enough money.

So: No more regulations!

What could possibly go wrong?

Don't tell us. We don't care.

How many times do you morons have to be told, the tax cuts have not added one cent to the debt? What part of, "revenue is up", do you not understand? You people are thick as a brick, good grief.

 

[PoliTalker]

DT is great at losing money.

He went bankrupt 4 times.

He has lost billions.

Now he's losing trillions for the USA.

Our debt goes up by more than a trillion for every year he's in office.

We gotta get rid of him to stop the bleeding.

The juice is flowin, so he's got to get GOIN!

 

[Stone]

What could possibly go wrong?

Debt is just a word, right?

We're old white men. We don't care. We'll be dead when the bill comes due.

Besides. We've got you fooled that this economy can last forever like this!

Enjoy it while you can. We sure are....................

.

.

.

Oh and btw: We are also killing all regulations. We don't care what they do. They are all alike, and we don't like them because they cost us money. And we can't get enough money.

So: No more regulations!

What could possibly go wrong?

Don't tell us. We don't care.

Quick question. Do you not believe that there exists such a thing as rich old black men? Hispanic, Asian, ect ect ect? If not, why not? This would seem to indicate some racist thinking on your part. Not good. Or..... if you do in fact believe such people exist why would you totally exonerate them from such behaviors while only scorning one race of rich and old? Again.....this would also seem to indicate racism on your part. Be better than that.

 

[Stone]

Hey look! I found one already! LOL

 

[Stone]

tic toc...... The great awakening is on the horizon. In more ways than one...

 

[PoliTalker]

Hello Stone,

Quick question. Do you not believe that there exists such a thing as rich old black men? Hispanic, Asian, ect ect ect? If not, why not? This would seem to indicate some racist thinking on your part. Not good. Or..... if you do in fact believe such people exist why would you totally exonerate them from such behaviors while only scorning one race of rich and old? Again.....this would also seem to indicate racism on your part. Be better than that.

Your suggestion of racism is incorrect - off base - based on false assumptions. I am calling out the actions I see as bad for the nation. Of course there are wealthy people of all races. There's not a lot of diversity in the Republican party. Nothing like the Democratic party. Lots of diversity there. Just a glance at pics of the 116th House of Representatives will make my point. The Dems are widely varied in race, age, sex, wealth. The Republicans are mostly rich old white men. I don't exonerate any bad behaviors, no matter who. You saw me criticize a liberal in another thread for being very nasty to you. You did provoke it, but he was still wrong to take the bait and go off on you. And you were wrong to later join in the insult contest. I have to say it was not a very impressive political discussion. Anybody can unload a bunch of name-calling.

I think, for very powerful people, greed just gets to be a habit. They are so accustomed to getting their way it's like a game to them. It has to be. I mean, once an individual already has everything they need and a fabulous life, why do they need more? What is the point of having more wealth than one can possibly spend in a lifetime? You can't take it with you. You could leave it to descendants, but why? If they are raised properly and well educated and motivated, they are perfectly capable of making their own way in the world. Giving people extreme wealth removes the challenge to make it. They must always contend with the knowledge that they got a helping hand, deal with the guilt factor.

When somebody has a luxury home or 2 or five, and all the toys their hearts desire, wealth and holdings, could never spend it all, why do they press so hard for more? Is it just some sort of wealth competition? He who dies with the most wins? Wins what? I just don't understand the greed. And how do they deal with knowing that they often have to screw other people to get rich. Like DT, the way he stiffed contractors. Let 'em finish the whole job and then refuse to pay. Pick out some imperfection which was never part of the deal, then claim the whole job is worthless, refuse to pay. He put small businessmen out of business to build his casinos. That's rotten. A business destroyed. Workers lost jobs over that. That's dirty rotten greed. And it's typical of his whole life. Always working some angle to cheat somebody or the government. Nothing above board ever.

Says anything to get attention - rarely means it. Just wants free publicity (to get rich). I remember the boasting that he could pay off the entire federal debt in 8 years. It's him. The words cam out of his mouth. Then he gets elected and runs the debt up. And the Republicans who were SO WORRIED ABOUT THE DEBT going up to 19 trillion under Obama (like it was the end of the country) suddenly are silent about 22 trillion + under DT. It's a fake economy, the government is running on credit, it can't last, it's irresponsible to have a big tax give-away to the richest. Wrong time. The economy was already great before the tax cut. Big corporations did stock buy-backs, not expansions. Half the country has no wealth or close to it. This isn't prosperity, this is a class war and the rich already won. Now they're just working the public over for every dime they can squeeze and leaving the USA with a dangerous federal debt to GDP ratio.

If you can't reduce the debt during a good economy you will never be able to do it during a recession. Or are recessions suddenly a thing of the past? Can't happen again? Except maybe this virus is causing one as we speak...

 

[Stone]

But the fact is you did not call out rich old men of all races,...ONLY old White men. Say what you want, but to me thats pretty telling.

Put it this way. If I witnessed 4 young black men , a young white man and a young Hispanic all pull a robbery together I wouldnt proclaim that young black men are committing too many robberies. Would you?

 

[Stone]

I always thought the left believed,...well....SAID they believed anyway, that people should all be judged on their own merit and not lumped together as a group. The older I get the more I see that not only doesnt the left believe that now,.... the truth is they never have.

 

[Flash]

What could possibly go wrong?

Debt is just a word, right?

We're old white men. We don't care. We'll be dead when the bill comes due.

The bill never comes due. The amount we spend on interest (10.1%) will just continue to rise. When treasuries come due we just roll them over and pay for them with newly borrowed funds.

 

[PoliTalker]

Hello Stone,

You are entitled to your beliefs, however incorrect they may be. And boy, are you off base. I mean, just look at who you support. What piece of work. A liar, cheat, racist, misogynist, xenophobe, conman, impeached crook who repeatedly went bankrupt so many times that no American bank would loan to him. Hollywood Access video, Stormy Daniels scandal, fraudster and tax evader who violated the Constitution, risked the international American security position with a bribe to try to rig an American election using foreign intervention by illegally withholding funds he had no power to withhold. Then he tried to cover it all up by sitting on the WB report, burying the convo on a secure server for classified stuff.

He has cheated on every wife he has ever had and been twice divorced. And he's a cradle-robber. Likes 'em a bit on the young side. He's a nepotist who failed to drain the swamp or get Mexico to build the wall. Or release his taxes as promised. He screwed up the Iran situation, and gave Kim Jong Un a huge international photo-op leg-up without ending the nuclear threat (Despite very clearly announcing the threat was over. another lie) He's an international embarrassment. He has the highest turnover of any administration because nobody can stand to work for him. He's ripping off the taxpayers with exorbitant golf cart rental billings that he causes on purpose. He's being sued by international investors over his Panama City Hotel, and that's just the beginning of a long list of law suits he's involved in. Never has there been a president with so many court cases all going on at once. He runs afoul of the law. He's messed up in the head and he can't sleep. He doesn't get good REM sleep, so his attention span is at least the length of a gnat. Sleep deprivation is probably why he is so irritable all the time.

And he's spending like crazy and irresponsibly running the debt up during the strong economy that could be paying it down.

No wonder you don't want to talk about him. A bag of excuses for all that would be too much heavy lifting.

He should be in prison for fraud and tax evasion if not emoluments.

 

[PoliTalker]

Hello Flash,

The bill never comes due. The amount we spend on interest (10.1%) will just continue to rise. When treasuries come due we just roll them over and pay for them with newly borrowed funds.

Right on. Free money. What could possibly go wrong with that pyramid of debt scheme?

Why, it almost sounds too good to be true!