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Ocasio-Cortez: We Have To Break "The Mistaken Idea" That Taxes Pay For All Spending
RCP Video ^ | 2-8-2019 | Ian Schwartz

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 ...


TOPICS: Government; Politics
KEYWORDS: cortez; makeitstop; ohmywhatbigeyesuhave
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To: Sir Napsalot

This child is just regurgitating the late night dorm room blather of her indoctrination years in college. Rubbish.


21 posted on 02/08/2019 10:48:25 AM PST by Bonemaker (invictus maneo)
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To: Sir Napsalot

Then I’m done paying them


22 posted on 02/08/2019 10:48:39 AM PST by spincaster (ust)
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To: Sir Napsalot

God, she’s an idiot.

Where was she when Obama was wasting BILLIONS in Green energy scandals like Solyndra?

Partying in college? Tending bar?

Freaking idiot.


23 posted on 02/08/2019 10:49:34 AM PST by Responsibility2nd
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To: Sir Napsalot
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.

Three words that imply liberal plots so me are-investment-social justice-comprehensive. - tom

24 posted on 02/08/2019 10:49:44 AM PST by Capt. Tom
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To: antidemoncrat

>Just when you think she has reached the limits of stupidity she proves us wrong.

Don’t get me started again


25 posted on 02/08/2019 10:50:17 AM PST by nevadapatriot
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To: Sir Napsalot

A degree in economics and she becomes a bartender and waitress? Who footed her college bill?


26 posted on 02/08/2019 10:50:54 AM PST by Sacajaweau
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To: Sir Napsalot

Dumbass. Standing in a bucket, insisting she can pick it up by the handle.


27 posted on 02/08/2019 10:51:38 AM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Sir Napsalot
How could Americans vote for someone. So. Damned. Ignorant?
28 posted on 02/08/2019 10:51:45 AM PST by LibWhacker
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To: Sir Napsalot

Economics major, she claims.....


29 posted on 02/08/2019 10:52:13 AM PST by G Larry (There is no great virtue in bargaining with the Devil)
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To: 2banana

It’s not so much that they’ll run out of it, it’s just that it will come to where is isn’t worth anything.


30 posted on 02/08/2019 10:52:19 AM PST by ichabod1 (He's a vindictive SOB but he's *our* vindictive SOB.)
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To: Sir Napsalot

I’m with her - abolish all taxes based on her reasoning. Including all “progressive” taxation.

The GOP needs to run with this far and wide and loud.


31 posted on 02/08/2019 10:52:33 AM PST by Skywise
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To: Sir Napsalot

She’s right that — even in a perfect world — it’s not 100% funded by taxes.

Tariffs play a role as well.
But I’m surprised she wants to support President Trump on the Tariff issue.

As far as borrowing goes — that’s just a bad idea. Always was. Always will be. In time of War, I could see it. But today? We should not be borrow any money and we should live within our means (and pay down the debt with tax and tariff revenues).


32 posted on 02/08/2019 10:52:36 AM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: Sir Napsalot

We can mint a trillion dollar coin.


33 posted on 02/08/2019 10:53:23 AM PST by yesthatjallen
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To: Sir Napsalot
Great job! You are better at lying than Obama was at his early stage.

You are earning your paychecks from the Deep State and me!

Destroy the evil America and Trump!

I’m in love with those eyes. Does our Congressional Health insurance cover that operation? If so, where do I sign up?


34 posted on 02/08/2019 10:53:46 AM PST by Grampa Dave (Stop Medieval Diseases With A Medieval Wall: Illegal migration is leading to a wave of outbreaks!!!!)
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To: Sir Napsalot

She is absolutely correct. Government spending is done with credit way too much. That is called National Debt. It is already so large that it will never be repaid except by severe poverty later on. Taxes are spent servicing the debt but the government uses it as its own personal money stash to buy whatever wants regardless of how much is collected in taxes. AOC is letting that cat out of the bag.


35 posted on 02/08/2019 10:54:38 AM PST by webheart (Grammar police on the scene.)
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To: Sir Napsalot

Yeah.....and we could just borrow some money from Puerto Rico.

Or Detroit.


36 posted on 02/08/2019 10:55:31 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: LibWhacker

Same way the public can name a ship Boaty McBoatface. It’s a way to kind of stick it to the system. Like if we sent Alex Jones to Congress.


37 posted on 02/08/2019 10:55:33 AM PST by ichabod1 (He's a vindictive SOB but he's *our* vindictive SOB.)
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To: HamiltonJay

“Boston University, this is what passes for an ECONOMICS degree???? “

I have an advanced degree from BU (CLA ‘69) and she embarrasses the living hell out of me. My solace is that’s when America was still America ...


38 posted on 02/08/2019 10:55:45 AM PST by Bonemaker (invictus maneo)
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To: LibWhacker

Same way the public can name a ship Boaty McBoatface. It’s a way to kind of stick it to the system. Like if we sent Alex Jones to Congress.


39 posted on 02/08/2019 10:55:49 AM PST by ichabod1 (He's a vindictive SOB but he's *our* vindictive SOB.)
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To: FatherofFive
Well, Zimbabwe was a pioneer of this concept and it worked so well it was adopted by Venezuela as well

They exceeded OC’s expectation be a wide margin. For every dollar they borrowed, it now costs several million

That’s what happens when inflation rates climb above 10000 per cent per Annam

40 posted on 02/08/2019 10:58:09 AM PST by rdcbn
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