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Great News: Build Back Better Plan will Cost $0. (link)...

BigBucnNole

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Its an investment. 3.5 trillion at 1.8x could lead to as much as 10% expansion in the economy over time. As long as Government spending doesn't outpace and cannibalize consumption, ZF'sG. Key to all of this is to borrow the money. Raising taxes is probably a bad idea in near term.
 

America 1st

The best poster on the board! Trumps lover! 🇺🇸
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Its an investment. 3.5 trillion at 1.8x could lead to as much as 10% expansion in the economy over time. As long as Government spending doesn't outpace and cannibalize consumption, ZF'sG. Key to all of this is to borrow the money. Raising taxes is probably a bad idea in near term.
Yeah bruh teaching preschoolers CRT is gonna yield a huge ROI.
 

BigBucnNole

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Yeah bruh teaching preschoolers CRT is gonna yield a huge ROI.

New CRT teachers get jobs. New pay buys more shit at TJ Maxx. TJ Maxx pays people to supply more shit for the teachers to buy. TJ Maxx employees then go out and buy their own more shit, and thus the cycle repeats itself.
 

CDDP

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Should blow through $30 trillion in national debt in less than a year. Additional debt at this point is not needed.

FAWkqkbX0AUv5tk
 

BigBucnNole

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Committee for a Responsible Federal Budget, which is far from a conservative outfit, pegs the real cost over a decade at $5 trillion to $5.5 trillion.

What's the return? Is it new spending or reallocation? New Taxes or borrowing? State Budget response? Crowd out? I left the Florida Legislature in early 2019 and we still had almost $200 million from feds' stimulus just sitting there.

Key to all of it, regardless of where money is spent is how much NEW spending there is. If it crowds current spending out through higher taxes, and or reduced state budgets. That mutes any impact and creates a shift to what will likely be lower multipliers.

Also add in infrastructure contracts. The next five years are locked in, so any fed spending from this won't begin until the new workplans begin to get budgeted next year and begin 6 years from now. I'm guessing what will happen is they'll set aside the 3.5 trillion over however many years and we'll see it partially paid for through reallocation, some through borrowing, and a local and state government spending pullback to take new fed dollars. It's not a stepwise or level adjustment increase to spending.
 
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Mahozzle

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bignecknole really likes his Keynesian bull crap.
Government spending is one thing, relying on it to “build back better” is idiocy. This spending is nothing but wasteful nonsense and unnecessary. 95% of this will be sucked up by govt cronies and produce nothing but generate wealth for those cronies and their politicrats friends!

There are so many other things they could do to unleash our economy again, just like it was a short two years ago, but that would mean giving up on a hoax and admitting Trump had it mostly right. This ain’t it.
 

BigBucnNole

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Messages
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bignecknole really likes his Keynesian bull crap.
Government spending is one thing, relying on it to “build back better” is idiocy. This spending is nothing but wasteful nonsense and unnecessary. 95% of this will be sucked up by govt cronies and produce nothing but generate wealth for those cronies and their politicrats friends!

There are so many other things they could do to unleash our economy again, just like it was a short two years ago, but that would mean giving up on a hoax and admitting Trump had it mostly right. This ain’t it.

Brilliant response.
 

BigBucnNole

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Biden shouldnt say it costs zero, but at the same time it probably costs zero and that's the problem. It's not really doing anything.
 

BigBucnNole

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For shits and giggles I should actually build this out as a report and push it through our comms group for a few major publications to pick it up. Then link it here and call you all stupid phaggots.
 

America 1st

The best poster on the board! Trumps lover! 🇺🇸
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For shits and giggles I should actually build this out as a report and push it through our comms group for a few major publications to pick it up. Then link it here and call you all stupid phaggots.


Any ER doc, with multiple comms groups, should be able to pull this off.
 

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