Posted on 02/08/2019 10:39:28 AM PST by Sir Napsalot
Boxcar Barbie strikes again.
This girl is mistaken on so many things and she just doesn’t realise it.
I would really like to go through her educational background and see who indoctrinated her because she knows so much that isn’t so.
I never got a job from a poor person.
Box car Barbie, good one.
See, money grows on trees...Money is what the government creates!
What is a hundred dollars that can’t actually be a 10,000 dollars as long as we say it is.
that $500 dollar TV? 50 cents if we demand it!
And that is what TV’s will cost under my plan, 50 cent TV’s....we will dictate it!
Underwater of floating tunnel Trains to London?
around $1,263.00 under my plan...
See, if we determine that cash value is only relative we can lower the price of EVERYTHING.
NEW buildings for EVERYBODY for only $1.99!!
Please, someone convince her that if she would first go and straighten out Venezuela we would follow her plans without question.
Anybody wit a BS in Economics from Boston University mus be thinking about burning their diploma about now.
My question is if debt doesn’t matter, then why collect taxes at all? Just have the Fed put it on their balance sheet. Utopia!.....These people are really dangerous.
Bump
“Then, why tax us at all?”
Yes that thought occurred to me as well.
“...for example, the GOP tax cut, which I think was an irresponsible use of government expenditure.”
_____
It was just a simple matter of giving us back our money to spend as we wish.
AOC you are a genius, people in the USA don’t know that before you became a congress critter you were the finance minister of both Venezuela and Zimbabwe.
The gift that keeps on giving.
The story she's telling is just the front operation; think 'if you like your plan, you can keep our plan'. In reality, it's just Solyndra or any other subsidized enterprise that is designed from the git-go to reward favored insiders. Actually, not a bad deal to get rich.
The real problem however aren't really the programs, even though they are certainly bad, but the types of people necessary to vote these measures forward. Again, like Odumbo, it wasn't just him that was the problem, it was your fellow Americans that were the problem.
Ultimately, it just proves once more that democracies cannot work. They can easily be gamed to achieve the outcomes we're now experiencing. In reality, a significant portion of the population shouldn't be allowed under any condition to participate in the public square. Policy decisions cannot be the domain of easily influenced and manipulated idiots.
The party ends somewhere down the line when an adversary that didn't subscribe to PC, but rather focused on science and technology, succeeds in displacing the reserve currency. Then, that $2x+ trillion debt becomes a real obligation, and a once great nation begins to eat itself from internal conflicts.
From the article:
...but oftentimes you look at, for example, the GOP tax cut, which I think was an irresponsible use of government expenditure.
She thinks people having more of their money is an irresponsible use of government expenditure...
“We” are not $21 Trillion in debt. The national government is.
It will never be paid back, nor was there ever any intention to pay it back. That’s not how it works. Sovereign governments borrow money at interest and make payments on the interest. The national government has been both “printing” money and borrowing for some time. The last “balanced” budget was in the 1950s.
At some point, the interest payments alone become unwieldy, and too large to make payments on. Normal or historical interest rates are in the 4 to 6 per cent range, maybe a little higher. Around 1980 “Tall Paul” Volcker and the FED raised interest rates to roughly 20 per cent in order to save the dollar. Unemployment spiked and a huge recession followed but they had no choice.
Nobody is going to raise interest rates when the bottom falls out the next time. The debt levels are much, much higher and normal interest rates alone would mean GAME OVER
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