Hüsker Dü
DA
Plagiarize much? I bet you Khan.
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- Tags
- finance too
Sheriff Joe
DA
Somethings never get old.
Bruddah IZ
DA
Keep reading
Bruddah IZ
DA
It’s a definition.
Bruddah IZ
DA
But it’s all new for some in here.
Sheriff Joe
DA
You must mean the keynesians.
Bruddah IZ
DA
Aye I do. Although, Maynard would be embarassed.
Sheriff Joe
DA
I have a pretty tough question for you brah, are they worse at reading or Econ?
Bruddah IZ
DA
Yes. But they comprehend all the levers even worse.
Hüsker Dü
DA
I did and see why your non- answers are so garbled.
Bruddah IZ
DA
That’s your lack of comprehension.
Hüsker Dü
DA
Keep dreaming oh desperate one, keep the dream alive.
Bruddah IZ
DA
Lmao! It’s in your genes huspola.
Hüsker Dü
DA
The big increase in deficits is coming after President Donald Trump's pushed a $1.5 trillion tax cut through Congress in 2017. Congress then approved sharp increases in spending for the military and domestic programs beginning in 2018.
Spending so far this year totals $3.01 trillion, up 9.3 percent from the same period in 2018, while government receipts total $2.27 trillion, an increase of 2.3 percent.
Interest on the $22 trillion national debt is one of the fastest growing parts of the budget with net interest payments totaling $268.3 billion, up 15.6 percent from a year ago. That reflects the fact that interest rates have risen and there is now more debt to finance.
Spending so far this year totals $3.01 trillion, up 9.3 percent from the same period in 2018, while government receipts total $2.27 trillion, an increase of 2.3 percent.
Interest on the $22 trillion national debt is one of the fastest growing parts of the budget with net interest payments totaling $268.3 billion, up 15.6 percent from a year ago. That reflects the fact that interest rates have risen and there is now more debt to finance.
Bruddah IZ
DA
Wait for it...............nothing like 6 straight Years of QE under Obama to bail out his 1 percenter friends, nearly doubling the debt. He and Bush cluelessly introducing Trillion dollar deficits.
Hüsker Dü
DA
Balance the federal budget 'fairly quickly'
"It can be done. ... It will take place and it will go relatively quickly. ... If you have the right people, like, in the agencies and the various people that do the balancing ... you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country."
The two biggest drivers of the projected increase in the 2019 deficit were the Republican tax bill and the bipartisan agreement on federal spending, both of which Trump signed.
https://www.politifact.com/truth-o-...e/1430/balance-federal-budget-fairly-quickly/
"It can be done. ... It will take place and it will go relatively quickly. ... If you have the right people, like, in the agencies and the various people that do the balancing ... you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country."
The two biggest drivers of the projected increase in the 2019 deficit were the Republican tax bill and the bipartisan agreement on federal spending, both of which Trump signed.
https://www.politifact.com/truth-o-...e/1430/balance-federal-budget-fairly-quickly/
Bruddah IZ
DA
The power of 6 years of counterfeit money under Obama.
Bruddah IZ
DA
Nothing like 6 straight years of QE under Obama to continue the trillion dollar deficits that Bush and Obama started.
Bruddah IZ
DA
Conflating “Rights” with Goods
Sanders’s arguments, however, completely bastardize the very concept of “rights” and ignorantly conflate rights with scarce goods and services.
Goods and services like medical care, education, and housing don’t just exist in a state of nature. They are produced using human labor combined with capital goods. What Sanders, et al. are really saying when declaring “economic rights” is that some people have the right to the labor of others.
More practically, however, what Sanders and others envision is a government-funded system of hospitals, medical providers, educators, and daycare workers providing these services. Instead of declaring a right of some to the labor of the service providers themselves, this system declares a right to a portion of the fruits of the labor of all (or most) productive workers in the form of taxation to pay for such services.
Bradley Thomas
Sanders’s arguments, however, completely bastardize the very concept of “rights” and ignorantly conflate rights with scarce goods and services.
Goods and services like medical care, education, and housing don’t just exist in a state of nature. They are produced using human labor combined with capital goods. What Sanders, et al. are really saying when declaring “economic rights” is that some people have the right to the labor of others.
More practically, however, what Sanders and others envision is a government-funded system of hospitals, medical providers, educators, and daycare workers providing these services. Instead of declaring a right of some to the labor of the service providers themselves, this system declares a right to a portion of the fruits of the labor of all (or most) productive workers in the form of taxation to pay for such services.
Bradley Thomas