Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!
  • TFSF Bowl Pick 'em! Buy in for $5/submission (up to 3 submissions) and get the password to join the league. Top 3 get paid out from the pot. See pinned thread for more details.

    ~Click Here to Buy In~

Did Manchin just sink the BBB? (link)....

BigBucnNole

True Discussion Leader
Joined
Jan 15, 2021
Messages
1,606
Progressives stalled the bi-partisan 1.5tr deal because they wanted their GND, Progs put all the pork in the 3.5T one which no republican or moderate dims with balls will sign off on. Seems like a pattern to me...

Progs stalled it because the mods killed the original idea.

Which is fine by me. Many dems and nearly all pubs didn't like the idea it was borrowing against the debt in the original iteration. They wanted a shift in spending which already mutes the effects. For this whole thing to actually work it has to be new spending. But then if it's new spending, the money has to be coming from somewhere today or "tomorrow" ( in the case of taxation vs borrowing) and then you have to assume that the multiplier is greater with government spending versus private sector spending ( or really we are talking about investment into a bloated stock market).

It could be more beneficial to take what otherwise would be savings and run it into real infrastructure tied to transportation, but that wasn't going to happen with the progs. You'd also need the money to come from direct taxation and not borrowing. That way you'd squeeze the savings bubble and then maximize the economic impact through indirect and induced effects tied to supply chains and new consumption (think new paychecks on a large scale).

Those particular ideas are not digestible to moderate dems as it includes tax increases and indigestible to progs as the plan would be too socially limited.
 
Last edited:

America 1st

MAGA 🐸 poster supporting Trumps & #FreedomFlu
Founder
Patron
Joined
Jan 7, 2021
Messages
14,765
Progs stalled it because the mods killed the original idea.

Which is fine by me. Many dems and nearly all pubs didn't like the idea it was borrowing against the debt in the original iteration. They wanted a shift in spending which already mutes the effects. For this whole thing to actually work it has to be new spending. But then if it's new spending, the money has to be coming from somewhere today or "tomorrow" ( in the case of taxation vs borrowing) and then you have to assume that the multiplier is greater with government spending versus private sector spending ( or really we are talking about investment into a bloated stock market).

It could be more beneficial to take what otherwise would be savings and run it into real infrastructure tied to transportation, but that wasn't going to happen with the progs. You'd also need the money to come from direct taxation and not borrowing. That way you'd squeeze the savings bubble and then maximize the economic impact through indirect and induced effects tied to supply chains and new consumption (think new paychecks on a large scale).

Those particular ideas are not digestible to moderate dems as it includes tax increases and indigestible to progs as the plan would be too socially limited.
Could have just said the ROI sucks and saved yoreself sum thyme.
 

Monthly Donation Goal

  1. Campaign goal
    $95.00 of $500.00

$5 Buy in Bowl Pick Em Pot

Total amount
$180.00
Donation ends:

Latest posts

Top Bottom