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 ...
This child is just regurgitating the late night dorm room blather of her indoctrination years in college. Rubbish.
Then I’m done paying them
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.
Three words that imply liberal plots so me are-investment-social justice-comprehensive. - tom
>Just when you think she has reached the limits of stupidity she proves us wrong.
Don’t get me started again
A degree in economics and she becomes a bartender and waitress? Who footed her college bill?
Dumbass. Standing in a bucket, insisting she can pick it up by the handle.
Economics major, she claims.....
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.
Im 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.
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).
We can mint a trillion dollar coin.
You are earning your paychecks from the Deep State and me!
Destroy the evil America and Trump!
Im in love with those eyes. Does our Congressional Health insurance cover that operation? If so, where do I sign up?
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.
Yeah.....and we could just borrow some money from Puerto Rico.
Or Detroit.
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.
“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 ...
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.
They exceeded OCs expectation be a wide margin. For every dollar they borrowed, it now costs several million
Thats what happens when inflation rates climb above 10000 per cent per Annam
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