Essential Economics for Politicians
- Thread starter Bruddah IZ
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- finance too
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
Bruddah IZ
DA
Fewer than 18 months stand between us and the next presidential election, and politicians are tripping over each other to offer voters more “free” things, including everything from health care and college to a guaranteed basic income. But voters should be fostering a healthy sense of skepticism. If there is one eternal and immutable fact in economics, it is that nothing is free. Nothing. And no quantity of political promises, wishful thinking, or government policy can change that.
—Davis and Harrigan
—Davis and Harrigan
Hüsker Dü
DA
What is Biden promising to hand out?
Bruddah IZ
DA
Who said he was?
Sheriff Joe
DA
It is still early just wait.
Bruddah IZ
DA
Nothing like Obama presiding over 6 consecutive years of QE to make Donald and his friends richer. Just sayinʻ. You people crack me up!!
Sheriff Joe
DA
I wonder what Trump promised Putin?
Hüsker Dü
DA
It didn't help t or you (you admitted as much).
Hüsker Dü
DA
Are you so dumb as to not see what has been laid out in front of you? The first thing t did was try to get rid of all sanctions and wondered out loud about doing the same with NATO, etc. etc.
Sheriff Joe
DA
Who did you vote for again?
What hasn't he......
For eight years he was the " Cabin Butt Boy " to some of the largest hand outs ever.....
Hüsker Dü
DA
What relevance would that have in regards to t's corrupt actions and strange kowtowing behavior for and around putin?
Hüsker Dü
DA
What hand outs?
Bruddah IZ
DA
And you just told us it did help T. Lol!
you and your brother messpola like contradicting yourselves.
Hüsker Dü
DA
Where?