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Message

re: A $5,000 payment would not cause inflation

Posted on 2/24/25 at 7:59 am to
Posted by dkreller
Laffy
Member since Jan 2009
33467 posts
Posted on 2/24/25 at 7:59 am to
quote:

How many cuts have been made? thanks

That’s a lame retort
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297664 posts
Posted on 2/24/25 at 8:00 am to
quote:

That’s a lame retort


DOGE doesnt have the authority to touch the budget. Its an advisory agency
This post was edited on 2/24/25 at 8:01 am
Posted by DefCon1
Member since Dec 2017
785 posts
Posted on 2/24/25 at 8:01 am to
I like to be stimulated financially. Hit me one more time Uncle Sam.
Posted by BeepBopBoop
Northshore
Member since Dec 2023
1177 posts
Posted on 2/24/25 at 8:01 am to
It’s not new printed money. It’s taxpayer money already in the economy.

It will stimulate the economy if spent and wont cause inflation.

Posted by dkreller
Laffy
Member since Jan 2009
33467 posts
Posted on 2/24/25 at 8:02 am to
quote:

In this scenario...how?

It may not have been spent, but it has been allocated and therefore “printed”. Unless they amended the budget or clawed back the money and “destroyed” it, it seems the damage is done as far as inflation goes. I however am not an economics guru and DID NOT stay at a Holiday Inn Express last night.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297664 posts
Posted on 2/24/25 at 8:03 am to
quote:


It’s not new printed money. It’s taxpayer money already in the economy.


On paper.

Its not in the hands of consumers. Youre talking about dumping a trillion dollars into consumers hands at full employment.

Posted by dkreller
Laffy
Member since Jan 2009
33467 posts
Posted on 2/24/25 at 8:04 am to
quote:

It’s not new printed money

Spending on a deficit creates new money right?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297664 posts
Posted on 2/24/25 at 8:04 am to
quote:


It may not have been spent, but it has been allocated and therefore “printed”.


Thats not what causes these shocks that cause inflation.

Posted by imjustafatkid
Alabama
Member since Dec 2011
62930 posts
Posted on 2/24/25 at 8:05 am to
quote:

For the record I am against this payment.


Not me. If they're really only going to give it to taxpayers then it is exactly what is needed.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297664 posts
Posted on 2/24/25 at 8:06 am to
quote:


It will stimulate the economy if spent


Which will cause inflation

What is the unemployment rate?
Posted by TechBullDawg
Member since May 2014
2092 posts
Posted on 2/24/25 at 8:06 am to
Only taxpayers should get it

Posted by dakarx
Member since Sep 2018
8203 posts
Posted on 2/24/25 at 8:06 am to
When the Lib's sent people a check (from borrowed aka deficit money) it was called stimulating the economy, but when the other side returns unspent money it's called creating inflation........

So now we are cl;ear on that....
Posted by antibarner
Member since Oct 2009
26156 posts
Posted on 2/24/25 at 8:06 am to
quote:

eah I don’t understand that talking point. The money is already in circulation. How would it cause inflation?


THIS
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 2/24/25 at 8:07 am to
quote:

A $5,000 payment would not cause inflation


If the cash is already in the economy and it is clawed back and reallocated then there would be minimal if any inflation.

If the cash is doled out to the American people and not the "planned" recipients then the inflation would be the same as the planned.

If only a portion of the cash is doled out to Americans and some goes to paying down the debt the inflation would be lower than planned.

Paying down debt would put pressure on the bond markets to raise prices and force the floor for all interest rate products to decrease. The spread between 10 year note and interests rates will depend on how hot or cold a particular market is going.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467276 posts
Posted on 2/24/25 at 8:08 am to
quote:

Was removing the money from circulation part of the original plan?


You're asking if DOGE is supposed to be helping with our deficit-debt issues? Really?
Posted by dkreller
Laffy
Member since Jan 2009
33467 posts
Posted on 2/24/25 at 8:08 am to
Well no but does paying off debt remove money from circulation?

Eta I’m trying to have an honest discussion here….not throw gotchas at each other.
This post was edited on 2/24/25 at 8:10 am
Posted by Captain Rumbeard
Member since Jan 2014
6401 posts
Posted on 2/24/25 at 8:08 am to
You are correct it would have less deflationary impact than removing the money from circulation. But you're trying to avoid the fact that this is money already in circulation. We wouldn't be creating a single new dollar to do this. And while it will likely cause some inflation in markets like Play Stations and cars it wouldn't be like creating that money out of whole cloth would be.

You know this of course but that's not a good argument if your TDS is reeeeeing at you.
This post was edited on 2/24/25 at 8:10 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467276 posts
Posted on 2/24/25 at 8:09 am to
quote:

You were the one banging your pot a month ago saying they wouldn’t make enough cuts to amount to anything.

Your thread deals in a hypothetical and I'm responding to the hypothetical

Just because you're being shown to be silly, don't try to create a digression of ad homs against me.
Posted by burke985
UGANDA
Member since Aug 2011
28406 posts
Posted on 2/24/25 at 8:09 am to
I'm not against it, they take your tax money to fund all this nonsense and have been doing it for a very long time. They fricking owe me alot more than 5k, why should I give them an interest free loan every year by paying taxes when they basically take my money and launder it. I wanna launder my own money idk about the rest. I'm all for it as long as it is not counted as income
This post was edited on 2/24/25 at 8:18 am
Posted by Earnest_P
Member since Aug 2021
5117 posts
Posted on 2/24/25 at 8:10 am to
quote:

It won’t harm anything as long as it goes back tk the actual tax payers.


I’m not sure the government can help us by sending us checks. I know they could help us by devaluing the currency constantly.
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