Ocasio-Cortez: We Have To Break "The Mistaken Idea" That Taxes Pay For All Spending

RCP Video ^ | 2-8-2019 | Ian Schwartz

[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."

[Freedom4US]

Taxes are used to punish people, strictly speaking, they are not necessary.

[Freedom56v2]

How could Americans vote for someone. So. Damned. Ignorant?

---

Very few did in spite of what the media would have everyone think.

Here is an article about her election...She won with a very small voter turnout :(

https://nypost.com/2018/06/28/most-voters-stayed-home-for-stunning-alexandria-ocasio-cortez-win/

And here are demographics about her district:
https://www.census.gov/mycd/?st=36&cd=14

[ro_dreaming]

All government money comes in one of a few forms.

Taxes - confiscated from workers
FEES - confiscated from workers
FINES - confiscated from workers

I don’t know of ANYTHING that the government does that is actually income NOT from taxpayers.

[Blood of Tyrants]

I’ve predicted for years that the only viable way out of debt is hyperinflation. They will hyper inflate the dollar so that it takes a billion dollars to buy a loaf of bread and pay off the debt with worthless currency.

[depressed in 06]

I think she is advocating a Balanced Budget Amendment.

[Irish Eyes]

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

Love that one....LOL

[Freedom4US]

Thing is, Governments don’t “get out” of debt, they roll over the existing debt, and keep borrowing. What makes the current situation more dangerous as I understand it, during the Clinton years most of the debt was rolled over into much shorter duration securities. Consequently the entire debt rolls over about every four years and is very sensitive to interest rate spikes. Just a point or two to the high side and it all blows up. I’ve heard it put that way, they can save the dollar, or save the markets, though not both.

The next thing in line are all the municipal and state pensions, virtually all are completely under-funded. They will demand to be bailed out.

Keeping in mind the government has to make interest payments, they cannot renege on foreign creditors, even during the Civil War they never missed any bond payments, and when the “triage” as it were happens, Americans will get stiffed, you can bank on that. Social Security, everything will be on the chopping block. If a government fails to make interest payments due, then they don’t get to borrow more money, at least not at prevailing interest rates. All the jiggery-pokery we’ve seen in failed states and their currencies in recent years stems in large part because the American dollar enjoys for many years now “reserve currency” status, and the failed states currency did not.

[Jmouse007]

She’s a dim witted, rabid COMMUNIST NUT!

[nicollo]

I’m now more than ever convinced that she’s a Soros created robot.

They just couldn’t get the teeth right...

(Everything she says is clearly fed to her by her handlers.)

[Crucial]

Conclusion: spending is way out of control

[NoCmpromiz]

Yes.

Joe was right.

[Yaelle]

So.... what’s her other secret source of money? Who else wants to fund her magical trains across the oceans and such? Hey, maybe she has found that pot of gold.

[Yaelle]

Please, someone convince her that if she would first go and straighten out Venezuela we would follow her plans without question.

---

This. Good one.

[House Atreides]

For every $1 invested in infrastructure, we get $6 back.
*********************************************************
Damn, let’s SPEND $10 BILLION ON THE WALL and we’ll GET $60 BILLION BACK! ;-

[grey_whiskers]

She came from money, never had to pay for anything herself, with her $3000 designer outfits. Check your privilege, see you next Tuesday.