Posted on 02/08/2019 10:39:28 AM PST by Sir Napsalot
Rep. Alexandria Ocasio-Cortez (D-NY) declared that we must "break the mistaken idea" that taxes pay for 100% of government spending in an interview with NPR's Steve Inskeep on Thursday to promote her 'Green New Deal' legislative proposal.
"The first thing that we need to do is kind of break the mistaken idea that taxes pay for a hundred percent of government expenditure. It's just not how government expenditure works," Ocasio-Cortez explained.
Ocasio-Cortez believes that the economy will grow if money is borrowed to make an "investment" in the Green New Deal and it will eventually pay for itself. The host reminded Ocasio-Cortez that thinking is exactly what was behind the Trump tax cut -- something she opposes -- that it will pay for itself, and it "hasn't turned out to be true at all."
(snip)
"We can recoup costs, but oftentimes you look at, for example, the GOP tax cut, which I think was an irresponsible use of government expenditure. But government projects are often financed by a combination of taxes, deficit spending and other kinds of investments - you know, bonds and so on," the freshman Congresswoman explained.
"I get that. But deficit spending is borrowing money that has to be paid back eventually through taxes," Inskeep said. "So you're saying borrow the money, make the investment. The economy will grow. It will pay off the debt."
"Absolutely. Because we're creating jobs," she answered.... "And I think that that is an important distinction to make because when they were advancing that cause (GOP Tax Cut), they had no evidence to say that these things were going to happen. But we actually do have the evidence. For every $1 invested in infrastructure, we get $6 back."
(Excerpt) Read more at realclearpolitics.com ...
Remember her specialty is economics, or her bio says.
All they (Democrats) have to do is not be crazy. SMH.
It is free money.
And they will keep spending it until they run out of it.
Wish I could get that sort of return. She is likely basing these returns seeing all the billionaires there are in Zimbabwe.
yes, taxes don’t in fact pay for all spending
borrowing (meaning, higher taxes on us all in the future) pay for the rest of the spending
Taxing and spending our way to prosperity. Wow, why hasn’t anyone tried that before?
Crazy is all they know - well, that and blackface business casual, white robes and hoods and so forth. How they are even taken seriously enough to be given the House again, I do not know
This stuff gives me a headache.
Just when you think she has reached the limits of stupidity she proves us wrong.
In a way, d=she’s right. That’s why we are $21 trillion in debt.
Ask Obama he borrowed and spent $10 trillions that were not taxes ,LOL
We are reaching the heart of the matter.
Massive government borrowing - BECAUSE we have a completely printed, fiat currency, manipulated by the Federal Reserve - is the reason the progressive-left nanny state can exist and can run 1000 AOC-style social-engineering schemes.
With almost $22,000,000,000,000 of debt on that count she’s right.
http://www.usdebtclock.org/
Virtually EVERY bartender I’ve ever met has far more knowledge of economics than this absolute, complete bimbo. My college’s list of core courses included one in economics. OC would have failed it miserably, but then again, we were a science college and she wouldn’t have stood a chance even completing the mandatory calculus/diffeq classes.
I really do not believe that there can be a human in the multiverse that displays more stupidity in a sitting than this poor little girl.
If she ever gets into a position of power, we will have no recourse but open revolt.
The only thing she is good for is....no wait, not even that.
Boston University, this is what passes for an ECONOMICS degree???? Let alone one with Cum Laude ???
Cleary you shouldn’t even be a college, let alone a university.
She’s actually right and the Progressives know this better than the rest of the country.
Note that the income tax and the Federal Reserve both date to the same year: 1913.
The progressives knew that income taxes alone wouldn’t finance their plans — you also need wealth taxes. The Fed subsequently devalued the currecy from $20 per ounce of gold to around $1,250 per ounce today, meaning they basically commandeered over 98% of every dollar then in circulation.
Bring back the HUAC....
The saddest fact of all this is she has a degree in economics from Boston University and Graduated Cum Laude....
So, that tells you what that school is worth.
Then, why tax us at all?
I could put that $10-15K back into the economy
Small Correction:
And they will keep spending it until YOU run out of it....................
She is confusing the velocity of money with return on investment.
Sure, if you are building a bridge and hire local labor, they will spend that money at stores. The stores will buy stuff, and the shippers get that money to deliver stuff. And on and on.
But it is not a return. Unless the government owns all means of commerce.
Oh wait...there ya go!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.