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Chuck Schumer Argues Spending Trillions Will ‘Ease Inflation Pressures’
Bretibart ^
| 07/21/2021
| Wendell Husebo
Posted on 07/21/2021 9:21:23 AM PDT by ChicagoConservative27
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To: ChicagoConservative27
$6trillion dollars is $20,000 to each man woman and child in America.
Have you ever had the feeling your being cheated?
41
posted on
07/21/2021 9:48:18 AM PDT
by
a fool in paradise
(Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
To: ChicagoConservative27
Inflation “teleports” value, a tax on wealth without having to overly “take” a cut. Every dollar injected into the economy moves $1/M1 of value from the economy to whoever gets that dollar. A new $1T of national debt effectively injects $1T cash, shrinking the coverage of M1 (base money supply) currency to slice up M1+$1T of the economic pie - effectively implementing a 0.37% tax on wealth across the board (given current total national wealth of $269.6T).
42
posted on
07/21/2021 9:48:43 AM PDT
by
ctdonath2
(All worry about monsters that'll eat our face, but it's our job to ask WHY it wants to eat our face.)
Worth emphasizing:
Each $1T in new federal debt is effectively a ~0.37% tax on all wealth.
43
posted on
07/21/2021 9:51:54 AM PDT
by
ctdonath2
(All worry about monsters that'll eat our face, but it's our job to ask WHY it wants to eat our face.)
To: Erik Latranyi
How much of these trillions are funding Democrat election efforts (campaign funds, get out the voted NGO, etc.)?
With as much money is out there they don’t even need donors of independent means. Just kickback from what they dole out.
44
posted on
07/21/2021 9:53:13 AM PDT
by
a fool in paradise
(Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
To: ClearCase_guy; Red Badger
Fun fact: The Social Security system owns more federal debt than China. Until the Fed Reserve went on their years like "QE, not-QE" buying binge of treasuries, the Social Security system was the largest holder of U.S. debt for many years. Now it's the Federal Reserve.
So basically, inflation harms current and future SS check recipients way more than in harms China. We're hurting ourselves (and should hate inflation all the more).
Fun fact: China hasn't paid a penny in the Chinese treasures Americans bought from them in many decades. They owe us about $1 trillion, which is about as much as we owe them.
45
posted on
07/21/2021 9:54:45 AM PDT
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: ChicagoConservative27
he knows the LEFTIST media will back his lie
46
posted on
07/21/2021 9:57:16 AM PDT
by
joshua c
(Dump the LEFT. Cable tv, Big tech, national name brands)
To: Tell It Right; ClearCase_guy
The Social Security system owns more federal debt than China. Now you know why the Covid-19 virus affected mainly OLD PEOPLE!.......................
47
posted on
07/21/2021 9:58:54 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Tell It Right
I’m pretty sure that reputable economists (Paul Krugman??) would say it doesn’t work, but Lincoln used Greenbacks to fund the Civil War. That money was truly not borrowed. There were no interest payments. It was simply printed and used to rev up the economy. Hitler also did the same thing in the 1930s to great effect in Germany.
Nowadays, we would never do such a thing. Instead, we do what we’re doing right here. Because, you know, it’s smarter.
To: Little Ray
He just thinks everyone else is stupid.
49
posted on
07/21/2021 10:00:23 AM PDT
by
Rusty0604
(" When you can't make them see the light, make them feel the heat." -Ronald Reagan)
To: ChicagoConservative27
All propaganda all the time, never give up the con.
50
posted on
07/21/2021 10:00:25 AM PDT
by
VTenigma
(The Democrat party is the party of the mathematically challenged )
To: Flick Lives
[[[The report, written by Moody’s chief economist Mark Zandi, claims inflation worries are “overdone,” because “much of the additional fiscal support … is designed to lift the economy’s longer-term growth potential and ease inflation pressures,” according to Axios]]]]
For tomorrow’s magical trick, Mark Zandi will push a rope.
51
posted on
07/21/2021 10:12:42 AM PDT
by
headstamp 2
(Socialism- Institutionalized Deprivation)
To: Theoria
52
posted on
07/21/2021 10:13:31 AM PDT
by
4Liberty
(Honest GOP can't use legal means because Dems use illegal ones (threats). The Robert Creamer Party! )
To: a fool in paradise
How much of these trillions are funding Democrat election efforts (campaign funds, get out the voted NGO, etc.)? With as much money is out there they don’t even need donors of independent means. Just kickback from what they dole out.Yes, nearly every government contractor is also a big donor.
53
posted on
07/21/2021 10:13:41 AM PDT
by
Erik Latranyi
(We are being played by forces most do not understand)
To: ChicagoConservative27
He thinks that giving people more cash will help them purchase more things that have gone up in price.
That would work on the first day. From the second day onward...not so much.
He is an idiot.
To: ChicagoConservative27
In that case, why limit the spending to trillion$?
55
posted on
07/21/2021 10:32:11 AM PDT
by
lewislynn
( How long before they replace Martin Luther King Blvd with George Floyd Blvd?)
To: lewislynn
If we handle this right, everyone can be a quadrillionaire!!
To: ChicagoConservative27
Chucky defends using debt and taxpayer dollars to fund Democrat socialism. Go to he** Chuck.
To: ChicagoConservative27
After graphically learning how much “chucky” likes “frenching” little Haitian girls, I would conclude chucky is just plain heinous evil.
58
posted on
07/21/2021 11:09:42 AM PDT
by
patriotfury
((May the fleas of a thousand camels occupy mo' ham mads tents!) )
To: ChicagoConservative27
Yes, and a bucket of gasoline will ease that house fire.
59
posted on
07/21/2021 11:11:20 AM PDT
by
arthurus
(covfefe ;-{))
To: ChicagoConservative27
That just isn’t how money works...ffs.
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