- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: If you are into modern monetary theory porn here you go.
Posted on 3/31/24 at 11:20 am to Damone
Posted on 3/31/24 at 11:20 am to Damone
quote:
Voting means nothing, elected officials don’t run this country.
Most "elected officials" are salesmen for their large corporate masters and really do not represent the districts they are from.
Posted on 3/31/24 at 11:21 am to GumboPot
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 need a leader. Like Milei. Set the tone.
Posted on 3/31/24 at 11:22 am to scottydoesntknow
quote:
Presidents dont spend
Bruh
Presidents are actively involved in both negotiating spending and approving spending.
Posted on 3/31/24 at 11:23 am to GumboPot
quote:
but they do not approve the sopping list a
Ignoring reality and just focusing on 1st grade level civics: the veto disagrees.
quote:
and if they do it's only ceremonial
Posted on 3/31/24 at 11:24 am to GumboPot
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
Posted on 3/31/24 at 11:24 am to GumboPot
I thanks a lot. I can’t stop yawning
Posted on 3/31/24 at 11:24 am to SlowFlowPro
Congress can override the POTUS if they have the votes.
Posted on 3/31/24 at 11:25 am to frogtown
quote:
majority of the time Congress won't be able to override the veto. It takes an alleged crisis like COVID to align both parties.
Will take a disaster or Uber high taxes to kill the debt.
Were propping up today's numbers at the expense of tomorrow.
Posted on 3/31/24 at 11:25 am to GumboPot
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
Posted on 3/31/24 at 11:26 am to SlowFlowPro
quote:
Hint: the public doesn't want actual fiscal conservatives
You are right. Is that why MGT, Boebert, Gaetz, Luna, etc. get so much hate?
Posted on 3/31/24 at 11:26 am to GumboPot
quote:
I understand presidents can influence spending, but they do not approve the sopping list and if they do it's only ceremonial
Meh. They have a LOT of leeway and discretion.
A problem this big involves all parties having failed us
Posted on 3/31/24 at 11:27 am to LSUFanHouston
The president is also the head of their party.
Politicians make terrible leaders.
Politicians make terrible leaders.
Posted on 3/31/24 at 11:28 am to GumboPot
quote:
Congress can override the POTUS if they have the votes.
Which is why they negotiate it all up front.
Congress almost never has the power to override a veto. When was the last time this happened?
Posted on 3/31/24 at 11:29 am to GumboPot
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.
This post was edited on 3/31/24 at 11:30 am
Posted on 3/31/24 at 11:30 am to SlowFlowPro
quote:
Which is why they negotiate it all up front.
Congress almost never has the power to override a veto.
Because of politics and plausible deniability.
quote:
When was the last time this happened?
COVID spending was passed with a veto proof majority.
Posted on 3/31/24 at 11:30 am to GumboPot
quote:
Is that why MGT, Boebert, Gaetz, Luna, etc. get so much hate?
Evidence of fiscal conservatism?
Posted on 3/31/24 at 11:31 am to SlowFlowPro
quote:
Hint: the public doesn't want actual fiscal conservatives
Everyone wants spending cuts until it’s their spending that gets cut
And the only way at this point to balance the budget without tax increases is to cut EVERYONE’S spending
Social security, military, welfare, education, parks, safety, everything needs to be cut
Posted on 3/31/24 at 11:31 am to GumboPot
Gumbo, your link isn't working.
Compounding interest is a bitch when you are only servicing existing debt while constantly continuing to accrue more debt.
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.
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:
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.
Posted on 3/31/24 at 11:32 am to GumboPot
quote:
COVID spending was passed with a veto proof majority
Doesn't address hos routine spending bills.
In 2019, he wanted more liberal spending to boost his election chances. Before Covid
Go look at his stance, then his actions. He lied to you
This post was edited on 3/31/24 at 11:33 am
Posted on 3/31/24 at 11:32 am to SlowFlowPro
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.
Popular
Back to top
Follow TigerDroppings for LSU Football News