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 ...
International Relations or sumptin’, with post-grad enhancements
Hey, Professor Ocasio-Cortez knows her stuff. /sarcasm off
Of course she’s half right. But you need to focus on the main point of her GND -
that we can run socialism in our country and not be like Venezuela (or any other place that tried it).
That would mean we don’t need taxes at all, right Dislexia?
Maybe AOC needs to advocate planting money trees.
They would make great shade for the unicorns.
We are close to entering LaLa land — at full speed.
Yep.
20 bones for a pack of smokes has cured cancer.
Liberalism is truly a mental disease.
Her degree is degree in economics and international relations.
AOC hasn’t said it yet but she’s a fan of Printing Money tons and tons of money
... but, if they tax us high enough and hard enough, they can pay it off in no time!
If these “investments” were so lucrative, we already would have an ocean train. These trains would have put the airlines out of business. A train, by the way, that must be powered by wind-up.
“All China has to do is forgive the trillions of dollars of USA debt that it owns, like we will be forgiving student loan debt, and my plan will work perfectly.”
“Being rich is bad, it’s inhuman.”Sound like anyone we know?“Capitalism is the way of the devil and exploitation. If you really want to look at things through the eyes of Jesus Christ - who I think was the first socialist - only socialism can really create a genuine society.”
“I chew coca leaves every morning, and look at me!”
Well, I don't know if AOC munches on coca leaves every morning, but she sounds like she does.
Mandatory diffeq might have killed me too. I loved calculus but whew. Diffeq was a scary thought to me.
I guess you are right.
AOC doesn’t (for that matter, none of us should) need to worry about the bill coming due,
‘Cause we are all gonna die (in 12 years).
So, AOC, I would assume stolen bar tips probably paid for a few things too?
And everyone gets a cherry lollipop......
Oh no, please do. The last one was epic.
She doesn’t have anything to worry about. Since when has Washington ‘paid’ for all spending?
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.