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Started By
Message
re: New GOP bill includes payroll tax deferral, another round of trump checks, reduced UE $
Posted on 7/20/20 at 12:59 pm to HailHailtoMichigan!
Posted on 7/20/20 at 12:59 pm to HailHailtoMichigan!
This is all bullshite.
The only thing that needs to be in the new bill is elimination of payroll tax for 6 months. It’s a stimulus and back to work incentive all rolled into one.
The only thing that needs to be in the new bill is elimination of payroll tax for 6 months. It’s a stimulus and back to work incentive all rolled into one.
0
Posted on 7/20/20 at 12:59 pm to HailToTheChiz
quote:
Stop printing money.
i hope everyone realizes that by promoting this strategy, this is basically giving the DEMs the thing they want most: an argument for infinite spending
the GOP is basically handing the DEMs their most favored policy they could ever dream of
Posted on 7/20/20 at 1:00 pm to boosiebadazz
quote:
Any income limit on the payroll tax deferral?
Yeah because that’s what people that are already collecting stimulus money and enhanced unemployment need. Tax relief on money they aren’t collecting.
Posted on 7/20/20 at 1:02 pm to DMagic
Until the global financiers decide that gold and not US Treasuries are the safest proxy for cash, MMT will still be 100% academic theory garbage. Famous last words, "that could never happen here" is the current policymakers' strategy thankfully were easing on a relative basis to the world so they haven't completely killed us yet.
Posted on 7/20/20 at 1:02 pm to HailHailtoMichigan!
Posted on 7/20/20 at 1:05 pm to SlowFlowPro
quote:
Stop printing money.
They aren't "printing" money they are "printing" collateral
quote:
i hope everyone realizes that by promoting this strategy, this is basically giving the DEMs the thing they want most: an argument for infinite spending
You have that backwards. Fiscal spending is the reason the Fed and Treasury have to do this. They have to suppress interest rate volatility or we would have to be paying all of that debt at 5-6% and it would mean governments and corporations couldn't perma roll their debt. The fiscal situation is creating a positive feedback loop combined with monetary policy. The tail is wagging the dog right and has been since about 2000.
Posted on 7/20/20 at 1:10 pm to DMagic
The last Trump money I got is rocking in the stock market. Gonna do the same with the next round. I enjoy getting my hard earned money back for once in my life.
Posted on 7/20/20 at 1:11 pm to wutangfinancial
Yes it is garbage in theory but we keep moving closer to the left and MMT as a indicator of where the window is thus the joke. I agree “The that can’t happen here” is an even bigger joke. That argument dying is one positive out of this whole thing 
Posted on 7/20/20 at 1:12 pm to saints5021
Give me the roni bucks now. The boy needs new joy cons to beat the neighbors kid at Mario kart
Posted on 7/20/20 at 1:16 pm to SlowFlowPro
quote:
hope everyone realizes that by promoting this strategy, this is basically giving the DEMs the thing they want most: an argument for infinite spending
As well as keeping kids out of school, shutting shite down, maybe bankrupt couple hundred thousand more businesses.
It's always sport to make fun of how retarded the Left is, so what to make of the Right getting worked by the Left at nearly every turn?
Posted on 7/20/20 at 1:22 pm to VoxDawg
quote:
the next stimulus check you receive should be from your employer for doing your job.
So now I need to start working in order to be paid? frick that.
Posted on 7/20/20 at 1:22 pm to David_DJS
quote:
It's always sport to make fun of how retarded the Left is, so what to make of the Right getting worked by the Left at nearly every turn?
Retardedness trumps cowardice?
Posted on 7/20/20 at 1:31 pm to SlowFlowPro
quote:Yup. This is how Republicans lost elections for decades. Democrat policies—just not as much of them.
at this rate, why not just adopt MMT? we're basically there
Posted on 7/20/20 at 1:32 pm to HailHailtoMichigan!
quote:
According to the Washington Post, the payroll tax deferral is in lieu of an outright cut - which keeps down the technical cost of the overall bill, but could also be waived entirely by lawmakers at a later date.
Sooooo they are going let you make a catch up payment at year end without incurring penalty and interest.
Posted on 7/20/20 at 1:33 pm to DMagic
quote:Popularity is t an argument of merit. But it does explain why congress doesn’t care.
Yeah but Americans stopped caring about that debt about 16 years and 10 trillion dollars ago
Posted on 7/20/20 at 1:34 pm to SlowFlowPro
quote:Probably the greatest political f*ckup of my lifetime. It’s replaced Harry Reid’s use of the nuclear option for judges.
the GOP is basically handing the DEMs their most favored policy they could ever dream of
Posted on 7/20/20 at 1:36 pm to wutangfinancial
quote:Yup. It’s going to happen anyway though. I wish for my daughters sake we’d get it over with. No one is going to bail us out like Greece. No one can.
They have to suppress interest rate volatility or we would have to be paying all of that debt at 5-6% and it would mean governments and corporations couldn't perma roll their debt.
Posted on 7/20/20 at 1:38 pm to HailHailtoMichigan!
Easy prediction here is that the $600 UE gets extended AND another round of $1,200 checks happens.
Republicans are going to give the Democrats the win on unemployment I guess.
Republicans are going to give the Democrats the win on unemployment I guess.
Posted on 7/20/20 at 1:41 pm to DMagic
I didn't realize you were being sarcastic lol the problem is our academic betters are modeling monetary policy like Europe. I'm going to start melting when we are monetizing ESG debt.
Posted on 7/20/20 at 1:41 pm to Taxing Authority
quote:
Yup. It’s going to happen anyway though. I wish for my daughters sake we’d get it over with. No one is going to bail us out like Greece. No one can
The weird part is this. I only have 1 debt. My mortgage and it is at two and a half percent. But with the likelihood inflation at some point in the future I'm half tempted to go out and pile on more debt that will become cheap in the future
LOL
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