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Cont: The Trump Presidency: Part 26

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dudalb said:
dirtywick said:
i’m in the fence about the deficit. the ones most concerned about it also believe in supply side economics. in reality the US has experienced a lot of economic growth it otherwise would not have due to deficit spending.

I mean I understand that there’s a point where the US can’t make it’s interest payment which would be bad. but I’m also aware that point is a moving target and it’s also possible GDP growth and tax adjustments can sustain deficit spending indefinitely. It’s also likely that balancing the budget and cutting spending would shrink the economy to the point that it’s more harmful than continued deficit spending.
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If tyou being trillion of dollasrs into debt is a good thing, you know nothing about economics or reality.
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If you think that is what his post meant then you know nothing about reading.
 
Aridas said:
Nancy Pelosi's San Francisco Home Vandalized With Graffiti And A Pig's Head Over Stimulus



Classy. Combined with the sorta anarchy symbol, I'm going to say it was almost certainly a right-winger being thoroughly uncivilized.
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I have seen pleny of anarchist signs at the BLM Police Shootings protests.
I don't know who did this, but anybody who things the SF Bay area does not have lsome wackjob left wing groups fully capable of doing this is incredibly ignorant or wearing some huge partisan blinders.
 
Skeptic Ginger said:
The Hill: McConnell's home was also vandalized. I don't get it why they are blaming Pelosi.
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At last check, the right wing propagandists have repeatedly tried to blame the Democrats for not letting aid happen... including during the long time period after the House Democrats passed exactly that and McConnell was refusing to allow anything like that get a vote without corporations being made immune to any legal action related to Covid.
 
dudalb said:
I have seen pleny of anarchist signs at the BLM Police Shootings protests.
I don't know who did this, but anybody who things the SF Bay area does not have lsome wackjob left wing groups fully capable of doing this is incredibly ignorant or wearing some huge partisan blinders.
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It's certainly possible that some left-wing group could have done it. With that said, "WE WANT EVERYTHING!" makes it look a heck of a lot more like the work of a right-winger fed lots of inane caricature, though. The choice of target also strongly suggests right-wing propaganda influence, as well, as poked at a bit in the post above.
 
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To poke at an Adam Schiff tweet...

Last year, we proved Donald Trump guilty of abusing the power of his office.

But Republican Senators refused to convict, claiming on principle, voters should decide.

Now, those same Senators wish to overturn the election results.

They have no principle, only fear and ambition.
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Norman Alexander said:
Is he referring to the return of Iran's own funds?
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Yes, he is. That is one of the obligatory lies all Republicans bleat out whenever Democratic bashing is called for. I have a friend (in Texas) who repeats this lie even though I've disabused him of it countless times. Gawd, it's frustrating.
 
Kevin Sorbo tweets

@ksorbs
According to the media and radical left, Trump is a very mean bad man.
So why is he the only politician who donated his salary during the covid shutdown?

It’s genuinely sad to see that Trump, one of the few politicians that genuinely cares about us, supposedly lose an election because half the nation believed their TV sets
 
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I love that last line.

It's sad to see Trump lose except he didn't but if he did, which he didn't, it's all from TV lies.
 
Captain_Swoop said:
Kevin Sorbo tweets

@ksorbs
According to the media and radical left, Trump is a very mean bad man.
So why is he the only politician who donated his salary during the covid shutdown?

It’s genuinely sad to see that Trump, one of the few politicians that genuinely cares about us, supposedly lose an election because half the nation believed their TV sets
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https://m.youtube.com/watch?v=_O1hM-k3aUY
 
dirtywick said:
does this principle not hold on a macroeconomics scale? if not, why not?
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It certainly does work on a macroeconomic scale, even more so since a government has a means to increase its income fairly easily. Deficit spending is not inherently bad. Of course, there's a point at which your debt in relation to income is getting too high, and in the good times you want to make sure you can build up some wiggle room for the bad times. So during periods of economic growth, you shouldn't be looking to increase the amount of debt in relation to GDP.
 
bonzombiekitty said:
It certainly does work on a macroeconomic scale, even more so since a government has a means to increase its income fairly easily. Deficit spending is not inherently bad. Of course, there's a point at which your debt in relation to income is getting too high, and in the good times you want to make sure you can build up some wiggle room for the bad times. So during periods of economic growth, you shouldn't be looking to increase the amount of debt in relation to GDP.
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that depends entirely on the interest rate you can lock in for your debt long-term, rather than the strength of the economy.
Chances are, a government can raise money more easily in a boom than it can in a bust.
So the financial policy should be geared towards shifting obligations from high- to low-interest and make investments with a long-term payoff.
 
The Great Zaganza said:
that depends entirely on the interest rate you can lock in for your debt long-term, rather than the strength of the economy.
Chances are, a government can raise money more easily in a boom than it can in a bust.
So the financial policy should be geared towards shifting obligations from high- to low-interest and make investments with a long-term payoff.
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Well, yeah, it's all rather complicated. the overall point is "OMG we have so much debt!" is missing that a government having a lot of debt isn't a fundamentally bad thing depending on the debt structure and the amount relative to revenue, etc. If the debt is being easily serviced, then there's little issue.

When the economy is generally performing well that's when you want to start making the debt situation more favorable. That way when the economy tanks you have the leeway pour money back into the economy to help get it back on track (or at least hold people over until it gets back on track on its own).

Ideally, you want to be able to spend during an economic downturn rather than implement austerity measures, and save during good economic times. It's why I think Trump's tax cuts and such were a bad idea. The economy was continuing to cruise along, it didn't need a boost. Now there's less in the toolbox to deal with a serious economic issue.
 
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Captain_Swoop said:
Kevin Sorbo tweets

@ksorbs
According to the media and radical left, Trump is a very mean bad man.
So why is he the only politician who donated his salary during the covid shutdown?
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Kevin Sorbo isn't known for his acting skills. And now we know why he's also not known for his intellectual skills.

Trump is also making money hand over fist while being in office for being in office.

It’s genuinely sad to see that Trump, one of the few politicians that genuinely cares about us, supposedly lose an election because half the nation believed their TV sets
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Dis boy done losed his mind.
 
Stacyhs said:
Kevin Sorbo isn't known for his acting skills. And now we know why he's also not known for his intellectual skills.

Trump is also making money hand over fist while being in office for being in office.



Dis boy done losed his mind.
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He's simply living in the Kooky Kristian fantasyland that all KK Trump supporters create for themselves to justify standing behind an objectively horrible human being.
 
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