Another day another bailout

Discussion in 'Economics' started by zdreg, Sep 3, 2021.

  1. I would rather my tax money go to that than Liberal brain washing in State Universities
     
    #11     Sep 3, 2021
  2. #12     Sep 3, 2021
    piezoe and longandshort like this.
  3. VicBee

    VicBee

    Perhaps when you show the same outrage at the pay package of C levels at major corporations in America? As long as we justify anyone making more than, let's say $5M a year, we justify the free for all from everyone.
     
    #13     Sep 3, 2021
    TrailerParkTed likes this.
  4. “But researchers at Brown University estimate that the U.S. has spent $5.8 trillion on the war in Afghanistan and other conflicts stemming from the Sept. 11, 2001 attacks. 3 days ago”
    USA Today

    Never any outrage except when we are shutting down the Flood of Tax Payer cash. Kevin McCarthy and Ted Cruz wanted to stay in Afghanistan another ten years. He still won’t answer “How you going to pay for it?”
     
    #14     Sep 3, 2021
    piezoe, longandshort and VicBee like this.
  5. SunTrader

    SunTrader

    I'd rather it went to neither.

    But if there is one political side that is brainwashed, or maybe more like braindead, it is the side that is taking horse de-wormer rather than a proven (and now FDA approved) vaccine. At least they will clean out the crap up the wazoo. But not the crap between their ears.
     
    #15     Sep 7, 2021
    piezoe likes this.
  6. morganist

    morganist Guest

    #16     Sep 9, 2021
    zdreg likes this.
  7. zdreg

    zdreg

    #17     Sep 9, 2021
  8. morganist

    morganist Guest

    My plan is to outgrow the debt so taxation does not have to rise and government spending does not have to reduce. This is the 'painless' option, which I am lobbying for at the moment.
     
    #18     Sep 9, 2021
  9. morganist

    morganist Guest

    I seriously think America and the UK can outgrow the government debt and shrink it proportionately as a percentage of GDP. Economic growth compounds like interest so the year on year increments have exponential growth power. This is the macroeconomic magic mechanism that I want to take advantage of to reduce the government debt as a percentage of GDP over a sustained period. Read the paper below p6 onwards, it shows how powerful that compounded economic growth mechanism is and how through sustained economic growth of an additional percent or two a year can lead to massive reductions in the government debt as a percentage of GDP.

    https://morganisteconomics.blogspot.com/p/pension-fund-easing.html
     
    #19     Sep 9, 2021
    VicBee likes this.
  10. piezoe

    piezoe

    Last edited: Sep 9, 2021
    #20     Sep 9, 2021