re: If you are into modern monetary theory porn here you go.

quote:

---

Presidents dont spend

---

Bruh

Presidents are actively involved in both negotiating spending and approving spending.

quote:

---

Fine but elect more uncompromised representatives to the House and you will never have to worry about an executive that wants to run up credit card debt.

---

You just need to elect fiscal conservatives

Hint: the public doesn't want actual fiscal conservatives

Congress can override the POTUS if they have the votes.

quote:

---

Fine but elect more uncompromised representatives

---

Rush tried to tell us. He used to say that politics was basically Hollywood for ugly people. If one actually makes it to DC without being bought out first, im sure a folder of blackmail is sitting on their desk along with their scripts.

If for no other reason, this is why id always vote Trump. He isnt beholden to these people

The president is also the head of their party.

Politicians make terrible leaders.

quote:

---

Is that why MGT, Boebert, Gaetz, Luna, etc. get so much hate?

---

Show me their proposals to slash social security and medicare

*ETA: I'm shocked you referenced Gaetz after all the Ls he's been taking lately.

quote:

---

Is that why MGT, Boebert, Gaetz, Luna, etc. get so much hate?

---

Evidence of fiscal conservatism?

Gumbo, your link isn't working.

quote:

---

Several days ago, we were the first to point out two new striking developments in the Dollar's crusade to lose reserve currency status: i) after hitting $1 trillion in late 2023, interest expense on US debt rose to a record $1.1 trillion in late March, and ii) while US debt is now rising at a pace of $1 trillion every 3 months, US interest expense is rising at a just as torrid $100 billion every 4 months (this interval will also shrink to three months very soon).

---

Compounding interest is a bitch when you are only servicing existing debt while constantly continuing to accrue more debt.

quote:

---

US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay

---

And here we go... It was just last year that the CBO was predicting that debt servicing would be the single largest federal budget outlay by the end of the decade. It seems our over-eager RINOs and Marxist Dems in Congress took that as a challenge.

quote:

---

They'll raise taxes, it's inevitable at this point. No one has a plan to cut the deficit.

---

The latter point is usually bullshitted by "we've cut spending" when what they really mean is "we've just cut back slightly on the growth of deficit spending".

To the former point, there's not enough out there to tax to pay the ever-increasing desire for Congress to spend their way into re-elections. MMT is the Amway of monetary theory. It preys on weak minds looking only at the surface of a subject then formulating some miracle resolution. Proponents get flummoxed as to why it doesn't work in the real world, but will create fanciful lies in order to attempt to bullshite its viability into existence.

The foundation of MMT relies on essentially creating a disposable currency. They believe they can create as much money as they want as long as they balance it by removing a similar amount from the economy through taxation. The problem is that money never really leaves the economy (Congress will just re-spend it) unless you literally destroy it once it's taken via taxation.

That planned obsolescence inherently devalues the currency.

quote:

---

Presidents are actively involved in both negotiating spending and approving spending.

---

Of course they are...they practically dictate it now. But only because Congress has basically ceded that power and have become a rubber stamp. The US government was never meant to work this way.