I spoke to some liberal colleagues this afternoon and asked why Trump should not get a Nobel Prize for Operation Warp Speed???

[AgEngDawg]

It did not go over well.

 

[America 1st]

Spoiler: Libs

Spoiler: Also libs

 

[CDDP]

After that have them explain government spending like it was a family budget.

 

[America 1st]

After that have them explain government spending like it was a family budget.

View attachment 36025

I love you as a poster but viewing it like this is fundamentally wrong IYAM.

National debt isn’t the same as household debt.

The national debt means very little. As long as the economy is a certain size in relation to the debt that’s all that matters over the long term especially considering it essentially costs nothing to service the debt.

The spending isn’t the problem as there is still plenty of taxable revenue available and, until Puddin, the economy was growing quicker than the debt burden. It’s spending on the wrong things (Medicaid, Social Security, illegals, ect) that is the problem.

Debt isn’t shit filing a house. Debt is just a tool to acquire resources. It’s the whole reason money and economies exist.

The US needs to make sure it is using its tools efficiently to acquire the most resources possible and as quickly as possible as a matter of national security in the never ending race toward superior everything.

 

[Mahozzle]

I love you as a poster but viewing it like this is fundamentally wrong IYAM.

National debt isn’t the same as household debt.

The national debt means very little. As long as the economy is a certain size in relation to the debt that’s all that matters over the long term especially considering it essentially costs nothing to service the debt.

The spending isn’t the problem as there is still plenty of taxable revenue available and, until Puddin, the economy was growing quicker than the debt burden. It’s spending on the wrong things (Medicaid, Social Security, illegals, ect) that is the problem.

Debt isn’t shit filing a house. Debt is just a tool to acquire resources. It’s the whole reason money and economies exist.

The US needs to make sure it is using its tools efficiently to acquire the most resources possible and as quickly as possible as a matter of national security in the never ending race toward superior everything.

Ok forget the debt… and debt service!

Should we spend more than we take in?

 

[America 1st]

Ok forget the debt… and debt service!

Should we spend more than we take in?

I’m most cases yes.

Taxes should be as low as possible to stimulate economic growth and liberty.

At the same time we should be using every tool possible, including debt (especially as cheap as it is) to drive more economic growth and to keep superiority in as many areas as possible for national security purposes for ourselves and our posterity.

 

[Mahozzle]

I’m most cases yes.

Taxes should be as low as possible to stimulate economic growth and liberty.

At the same time we should be using every tool possible, including debt (especially as cheap as it is) to drive more economic growth and to keep superiority in as many areas as possible for national security purposes for ourselves and our posterity.

Well two things…
governments don’t spend money well, so until they do they shouldn’t…
Secondly government hasn’t won’t ever can’t stimulate the economy as well as the private market, so wouldn’t it be better to figure out how to stimulate the market through avenues like lower taxes, accessible market entry, limited market interference, etc?

Military, border security and actual real infrastructure is all they should be doing…

 

[America 1st]

Well two things…
governments don’t spend money well, so until they do they shouldn’t…
Secondly government hasn’t won’t ever can’t stimulate the economy as well as the private market, so wouldn’t it be better to figure out how to stimulate the market through avenues like lower taxes, accessible market entry, limited market interference, etc?

Military, border security and actual real infrastructure is all they should be doing…

I agree with your last line but just because government sucks a lot of time doesn’t mean we should take some of the benefits it’s offers. (including essentially free borrowing).

It would be criminal not to borrow, and continue to use the investment money, as far as I’m concerned.

 

[Mahozzle]

I agree with your last line but just because government sucks a lot of time doesn’t mean we should take some of the benefits it’s offers. (including essentially free borrowing).

It would be criminal not to borrow, and continue to use the investment money, as far as I’m concerned.

You also assume free borrowing is a constant.

in a fiscally responsible government, interest rates wouldn’t be zero!!!

but I get your point as well!

 

[America 1st]

You also assume free borrowing is a constant.

in a fiscally responsible government, interest rates wouldn’t be zero!!!

but I get your point as well!

Congress doesn’t have to pay interest on money they deficit spend. That’s simply a result of their own Federal Reserve Act of 1913.

Interests rates are just an illusion the central banks use to control the velocity of money and public opinion (among other things).

 

[Ip-tide Watercat]

I love you as a poster but viewing it like this is fundamentally wrong IYAM.

National debt isn’t the same as household debt.

The national debt means very little. As long as the economy is a certain size in relation to the debt that’s all that matters over the long term especially considering it essentially costs nothing to service the debt.

The spending isn’t the problem as there is still plenty of taxable revenue available and, until Puddin, the economy was growing quicker than the debt burden. It’s spending on the wrong things (Medicaid, Social Security, illegals, ect) that is the problem.

Debt isn’t shit filing a house. Debt is just a tool to acquire resources. It’s the whole reason money and economies exist.

The US needs to make sure it is using its tools efficiently to acquire the most resources possible and as quickly as possible as a matter of national security in the never ending race toward superior everything.

you should change your handle to “America Last”

 

[America 1st]

you should change your handle to “America Last”

 

[Mahozzle]

Congress doesn’t have to pay interest on money they deficit spend. That’s simply a result of their own Federal Reserve Act of 1913.

Interests rates are just an illusion the central banks use to control the velocity of money and public opinion (among other things).

Your arguments aren’t helping you…

A great America doesn’t include reckless spending by a bloated bureaucracy… America 1st =/= Keynesian bullsh

 

[America 1st]

Your arguments aren’t helping you…

A great America doesn’t include reckless spending by a bloated bureaucracy… America 1st =/= Keynesian bullsh

Maybe in yore opinion.

Nobody is arguing for reckless spending anyways.

It would however be reckless not to spend.

 

[ChicagoFats]

Ok forget the debt… and debt service!

Should we spend more than we take in?

Yes, debt allows you to do many things you would otherwise be unable to do. Debt is t a bad thing until it gets out of control.

 

[ChicagoFats]

Maybe in yore opinion.

Nobody is arguing for reckless spending anyways.

It would however be reckless not to spend.

I see that, but there could also be unintended consequences like deflation that Japan faced for decades.

so far the Fed deserves credit for navigating recent crisis. However, it feels like we are in about the 4th inning of the game and it’s a little too early to declare victory.

 

[Mahozzle]

Weiterleitungshinweis

Thomas Sowell on debt and spending

 

[BurntJ]

It did not go over well.

1) No shit, right?
2) you have liberal colleagues
3) You SPOKE? (ewww) to liberals…..

Bro I know we have gone full on Communist here in GA….but Damn bro I didn’t realize it was this bad.
THE END CANT COME SOON ENOUGH

 

[Cre8ive]

It did not go over well.

His name has been turned into a 4 letter word.