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Is the Economy Really Booming?
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| February 2020
| John Horvat II
Posted on 02/25/2020 9:05:01 PM PST by Tolerance Sucks Rocks
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To: be-baw
Republicans talk a good game when they are not in control,but the fact is they are just as addicted to spending as the Democrats.
Republicans in general are all for big government, they just have different goals for that ever expanding government.
21
posted on
02/26/2020 3:32:46 AM PST
by
hirn_man
To: Tolerance Sucks Rocks
The problem with this analysis is reality.
The author says debt is bad. It is really, really bad.
But we have had dept and more debt, and more debt, and we have become the most powerful and prosperous nation on the planet.
Can a run of 75 years like that be papered over by saying “debt is bad?”
I do not have an easy explanation. Here are a few possibilities:
Technological innovation overcomes debt.
Fiat currency just inflates and ignores debt.
Being the world currency means the rest of the world funds our debt.
I don’t know what the mechanism is, but it is hard to argue with the results.
I have been expecting the crash brought on by debt to happen for 50 years.
It has never happened.
22
posted on
02/26/2020 4:16:00 AM PST
by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
To: Tolerance Sucks Rocks
Perhaps we need a Jubilee
23
posted on
02/26/2020 4:17:32 AM PST
by
redgolum
(If this culture today is civilization, I will be the barbarian.)
To: Crucial
"Being negative" = acknowledging reality. Debt keeps interests rates low that punishes responsibility (Savings/Savers) and turns off buyers (Foreign AND domestic). Interest on ND will increase and bond purchasing decrease with lower rates (Which might be raised to stop the bond bleeding, better than printing actual paper money out of thin air).
What will offset to pay for the increases? Debt reduces national wealth as well (Debt-to-Income ratio is obscenely high). ND is in the 60% range of the GDP while government revenue in the 16% range. Future growth, lol.
Those who say the ND is just a backburner issue won't be saying that in several years, especially when the Iron Triangle must infuse a massive amount of resources to sustain their "babies" starting around 2024/2025.
24
posted on
02/26/2020 4:23:47 AM PST
by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians)
To: Tolerance Sucks Rocks
A uniform 20% import tariff would solve everything. It would reverse the off shoring polarity which would stimulate( not strong enough word) the economy and raise huge revenues. WIN - WIN.
Combine the above with income tax CUTS and a modest spending reduction ( or freeze ). And problem solved.
25
posted on
02/26/2020 4:26:07 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: redgolum
Jubilee is a great idea, however, hard to do as a nation when you are selling bonds where other nations and individuals expect "to get paid". One round of Jubilee would destroy the bond market (And credit needed to fund pensions, healthcare for active duty/veterans, military structure, Iron Triangle gibs, etc...).
Jubilees won't work when our economic foundation relies heavily on debt policies/debt management and fractional banking.
26
posted on
02/26/2020 4:37:17 AM PST
by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians)
To: Tolerance Sucks Rocks
“However, beneath the surface, major problems threaten the boom.”
In other words “BUT”.
Before I read on, I said to myself, “let me guess, the “Daficit” (sic).
The ole Bogeyman, (or Boogyman if you are a dancer), is trying to make a comeback.
I can’t list all of Trump’s GREAT accomplishments because my fingers would fall off, but ONE thing he hasn’t dealt with is the “Daficit”. He is working on the “trade” daficit, but that doesn’t count.
I have been hearing about the “Daficit” since, what, the 70s? FIFTY YEARS! OMG, the sky is falling, the end is near, total financial collapse is at hand, etc.
WHERE IS IT? Where is this boogyman? Still WAITING!
27
posted on
02/26/2020 4:40:00 AM PST
by
faucetman
(Just the facts, ma'am, Just the facts)
To: Tolerance Sucks Rocks
28
posted on
02/26/2020 4:40:59 AM PST
by
faucetman
(Just the facts, ma'am, Just the facts)
To: central_va
What is your plan to get 100+ million voters (Including moderates) to buy into not only tariffs, but spending freezes? When has protectionists/debt hawks held all three branches that include a Congressional Super Majority in the age of free spending?
If the poop hits the fan, FDR would be a piker compared to a whoever the candidates are that pander to a heavily expanded free gibs crowd.
29
posted on
02/26/2020 4:45:31 AM PST
by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians)
To: Jim Robinson
Not in the blue bits, but that is NOT Trump’s fault. It does prove Trump’s argument, however.
Note to POTUS: Come to Upstate NY and shine a light on what’s going on here, sir. Sunshine is the best disinfectant.
30
posted on
02/26/2020 4:52:33 AM PST
by
mewzilla
(Break out the mustard seeds.)
To: Tolerance Sucks Rocks
Yes.
But it’s really, really booming when you compare it to Obama’s promised baseline: “America is over and the economy is all downhill from here.”
31
posted on
02/26/2020 7:39:45 AM PST
by
Cincinnatus.45-70
(What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
To: hirn_man
No argue, but don’t you know republicans are for small gov.?
32
posted on
05/22/2020 9:40:14 PM PDT
by
graciebraswell
(biden will shed hair on the white house pillows)
To: graciebraswell
If you say so, but I don’t know why you commented to me as I haven’t commented on this thread.
But since you did, a bunch of the Republicans in Congress are big government right wingers.
They don’t care if government grows as long as they are in charge of it.
33
posted on
05/24/2020 12:28:54 PM PDT
by
hirn_man
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