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re: Biden team preparing $3T in new spending

Posted on 3/22/21 at 2:11 pm to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11281 posts
Posted on 3/22/21 at 2:11 pm to
Ya the incentives with the current system are so strong in favor of doing more of it we're essentially trapped into more of the same permanently until the currency or our debt markets collapse.
This post was edited on 3/22/21 at 2:11 pm
Posted by Pendulum
Member since Jan 2009
7068 posts
Posted on 3/22/21 at 2:13 pm to
And bitcoin goes VROOM
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41323 posts
Posted on 3/22/21 at 2:17 pm to
quote:

Global reserve currency



This can change. And when it does, we're fricked.
Posted by Overwatch
Member since Feb 2021
127 posts
Posted on 3/22/21 at 2:24 pm to
That's always been the idea: not to lift others up to our level, but to destroy us down to theirs
Posted by pjab
Member since Mar 2016
5655 posts
Posted on 3/22/21 at 2:25 pm to
Whatever the last phrase in the clause will get the most money.
Posted by bird35
Georgia
Member since Sep 2012
12351 posts
Posted on 3/22/21 at 2:31 pm to
Every penny in raised Corporate Tax is passed along to customers through price increases.


So it is a tax on all of us.

Posted by Lg
Hayden, Alabama
Member since Jul 2011
6884 posts
Posted on 3/22/21 at 2:36 pm to
quote:

reducing carbon emissions and tackling inequality.


Throwing money at ghosts!!
Posted by deathvalleytiger10
Member since Sep 2009
7647 posts
Posted on 3/22/21 at 2:43 pm to
quote:

What's the reason Trump never delivered on this?


Dems weren't going along with it as they did not want Trump to get any wins and enough smart Republicans weren't either.

Now, instead of moving the ball, tell us what you think of the US dropping another $3 Trillion, of which the vast majority of the dollars won't go to anything other than more corruption.
Posted by Torqued Pork
Malvern
Member since Sep 2020
3731 posts
Posted on 3/22/21 at 2:46 pm to
Nothing fights poverty better than government getting out of the private-sector's way. Dems know this, but they don't care.
Posted by Vacherie Saint
Member since Aug 2015
39685 posts
Posted on 3/22/21 at 2:50 pm to
Million dollar bills with Obama’s face on them will be here soon.
Posted by Big Scrub TX
Member since Dec 2013
33733 posts
Posted on 3/22/21 at 4:23 pm to
quote:

instead of moving the ball
wut

quote:

tell us what you think of the US dropping another $3 Trillion, of which the vast majority of the dollars won't go to anything other than more corruption.
I think the 1.9 was stupid, what do you think? The only thing I can get behind is an actual infrastructure bill that has earmarks for specific things like the Interstates/bridges/etc. I'm for what Trump was supposedly for. What about you?
Posted by Crimson Wraith
Member since Jan 2014
25081 posts
Posted on 3/22/21 at 4:28 pm to
Cloward and Piven on deck.
Posted by 7UnderPar
North Shore
Member since Feb 2019
74 posts
Posted on 3/22/21 at 4:29 pm to
quote:

They're going to crash the whole system. Then institute socialism.


Surely this has to be the goal. Can't completely remake the system until you bring the current one down
Posted by Taxing Authority
Houston
Member since Feb 2010
57517 posts
Posted on 3/22/21 at 4:30 pm to
quote:

Economic advisers in the the Biden administration are reportedly preparing a $3 trillion spending plan
Insane. But not surprising since Biden will sign anything they put on his desk.

quote:

may be funded through increased taxes for the wealthy and corporations
liars.
Posted by Taxing Authority
Houston
Member since Feb 2010
57517 posts
Posted on 3/22/21 at 4:32 pm to
quote:

S $ is not going to collapse. That is decades old fear porn nonsense.
Why? Global reserve currency and the US, as messed up as it is, remains the BEST economy and currency still going in the world.
"It can't happen here"

Any strategy that depends on everyone else doing worse is doomed to failure.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11850 posts
Posted on 3/22/21 at 4:33 pm to
quote:

Dems weren't going along with it as they did not want Trump to get any wins and enough smart Republicans weren't either.

Trump never even proposed anything or made a push for this. It was a huge mistake
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
35062 posts
Posted on 3/22/21 at 4:35 pm to
Man when all this finally comes crashing down it’s going to be so bad
Posted by ItzMe1972
Member since Dec 2013
9876 posts
Posted on 3/22/21 at 4:37 pm to
Team Obama and Biden:

“I don’t have an exact number for you,” Psaki responded. “They keep in regular touch and our teams are in regular touch about a range of issues.”
Posted by FLTech
the A
Member since Sep 2017
13273 posts
Posted on 3/22/21 at 4:37 pm to
It will be spent on gays, trans, blacks, lesbians, equality, etc etc bla bla bla nobody gives a frick bullshite
Posted by oldskule
Down South
Member since Mar 2016
15534 posts
Posted on 3/22/21 at 4:40 pm to
quote:

The dude is steeped in bullshite

Literally no one is in charge. There are no brakes.

We’re fricked.

This is a thousand times worse than I thought and rock bottom is going to be the swearing in of Kameltoe


Amen Brother!

The value of the dollar will collapse....it has to!
The national debt is insurmountable, which is exactly what these DEMS want! That way, the path to socialism is much easier.

Civil War is the only answer I can muster.
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