re: DJT statement on debt ceiling.

quote:

---

The New Deal was a mess...

---

Thomas Sowell: Contrary to popular myth, FDR prolonged agony of Depression

quote:

---

There are few historic events whose legends are more grossly different from the reality than the New Deal administration of Franklin D. Roosevelt. And there are few men whose image has been more radically different from the man himself.

Some of the most devastating things that were said about FDR were not said by his political enemies but by people who worked closely with him for years — Secretary of the Treasury Henry Morgenthau being just one. Morgenthau saw not only the utter failure of Roosevelt's policies, but also the failure of Roosevelt himself, who didn't even know enough economics to realize how little he knew.

Far from pulling the country out of the Great Depression by following Keynesian policies, FDR created policies that prolonged the depression until it was more than twice as long as any other depression in American history. Moreover, Roosevelt's ad hoc improvisations followed nothing as coherent as Keynesian economics. To the extent that FDR followed the ideas of any economist, it was an obscure economist at the University of Wisconsin, who was disdained by other economists and who was regarded with contempt by John Maynard Keynes.

---

that wasn't REAL Communism

That guy just dunked on the SFP the Conservative

quote:

---

We love our static economic analysis. It works great because people never ever change behaviors in response to government actions.

---

We can't grow our economy to overcome a $4T hole in 4 years.

That would require roughly a $20T increase in GDP over that time period (not annually).

quote:

---

You people think they don’t know what they’re doing?

---

That depends. I know they thought they'd kick the can down the road...again.

quote:

---

You people think they don’t know what they’re doing?

---

Sadly a LOT do. But its really just TDS at its finest

quote:

---

The graph of the debt during the time period of each of those bills shows how utterly ineffective they all have been.

What exactly is your point?

---

My point is that the debt ceiling has helped restrain debt. The debt level is insanely high, true, but it would be worse without the debt ceiling.

quote:

---

Do you want another one?

---

Another graph? No.

quote:

---

Where are the corresponding cuts?

---

Well you know it won’t be the pentagon

and we also know the top bankers and oligarchs aren’t kicking any more in

so the answer will be to cut the meager social safety net we have, so we can continue our march towards the neofeudalist future Thiel and Andreessen types want.

i’m good with that

quote:

---

Trump’s new message is the pressure is hard so just kick the can down the road so I don’t have to deal with it?

---

It seems to me that his new message is that the debt ceiling has been constantly raised so it is nothing but a political tool. It doesn't curb spending at all. This is a political move to remove a future distraction. He doesn't want his agenda bogged down by a pointless political fight. It's a smart political move if you can look beyond the strict conservative/liberal paradigm. People make conservative/liberal their identity, so they fall into the trap of viewing everything through that single lens.

quote:

---

Someone explain to me how “Increase and extended the debt ceiling another 5 years” is a good thing in line with draining the swamp and conservativism. I’ll wait.

---

It's neither a good thing nor a bad thing in reality. It means nothing. All that matters is the spending. If the debt ceiling is raised without increased spending, then who cares? You'd be crying over nothing.

What this does is remove a bargaining chip from those trying to sabotage Trump's agenda in the future. People let their initial visceral reaction cloud their thinking. They get so worked up over the thought of what is happening that they can't see the potential long-term outcome.

Everything Trump has done for the past 2 years has shown he has been preparing for this. He's avoiding the GSA. He has a better team. His campaign was masterful. I understand why the Trump haters are complaining. That's their default state. If you call yourself a Trump supporter, then maybe let him work without overanalyzing every move, especially when he is telling you explicitly that this is a long-term strategy.