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Posted on 8/28/26 at 3:54 pm to VoxDawg
quote:
VoxDawg
Never thought I'd see you call Trump a Leftist
Posted on 8/28/26 at 3:55 pm to Bard
quote:
Congress is on track to create ~$1.9T-$2.1T (based on various estimates) of deficit dollars this year alone.
Congress isn't the only branch involved
Posted on 8/28/26 at 3:55 pm to trinidadtiger
quote:
MOST countries currency is pegged to the US dollar unofficially or officially.
Its why the whole world faced massive inflation when biden started dropping trillions in the M1 supply.
Wait...what?
Posted on 8/28/26 at 4:08 pm to stout
Oil is flowing through the strait and prices will drop. If the price is around the low 70s by decision time I doubt we see any change. That's a big if though
Posted on 8/28/26 at 4:14 pm to BCvol
Loading Twitter/X Embed...
If tweet fails to load, click here. We are in late stage Soviet Union mode.
LINK
Posted on 8/28/26 at 6:46 pm to SlowFlowPro
quote:
Congress isn't the only branch involved
When you get down to it, it's the one which matters the most as what isn't appropriated (by Congress) cannot be spent.
See: The Appropriations Clause
quote:
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
See also: The Antideficiency Act
quote:
This act prohibits federal agencies from obligating or expending federal funds in advance or in excess of an appropriation, and from accepting voluntary services.
Posted on 8/28/26 at 7:13 pm to Diego Ricardo
quote:
All he’s doing is shell gaming the money printer (ours now, not his)
That's only true so long as we continue our reliance on our entire money supply being illusory as it is cash advances taken against an open ended credit card held by our Third National Bank (aka the Federal Reserve).
When the USD is backed by precious metals like Gold & Silver, Millei will have hitched Argentina's prosperity wagon to the unencumbered United States'.
Posted on 8/28/26 at 7:16 pm to VoxDawg
Money printing is just taxation through inflation
No different than raising taxes to increase govt spending. It’s just most voters are economically illiterate and don’t realize this
No different than raising taxes to increase govt spending. It’s just most voters are economically illiterate and don’t realize this
Posted on 8/28/26 at 7:19 pm to Bard
quote:
When you get down to it, it's the one which matters the most
Naw. The President can veto any of those spending bills unilaterally
quote:
as what isn't appropriated (by Congress) cannot be spent.
What is vetoed by the President can't be spent, either.
Posted on 8/28/26 at 7:20 pm to VoxDawg
quote:
That's only true so long as we continue our reliance on our entire money supply being illusory as it is cash advances taken against an open ended credit card held by our Third National Bank (aka the Federal Reserve).
Trump is responsible for some of the largest deficit spending years in US history. He is a "money printer go BRRRRR" acolyte
quote:
When the USD is backed by precious metals like Gold & Silver, Millei will have hitched Argentina's prosperity wagon to the unencumbered United States'.
Posted on 8/28/26 at 7:20 pm to deltaland
quote:
Money printing is just taxation through inflation
No different than raising taxes to increase govt spending. It’s just most voters are economically illiterate and don’t realize this
I've been trying to educate Trump fans about this since 2017.
Posted on 8/28/26 at 7:32 pm to SlowFlowPro
quote:
Naw. The President can veto any of those spending bills unilaterally
You finally get back from suspension land and this is what you want to do? Troll that the President isn't shutting down the government over spending when you would then turn around and troll if he did?
Damn dude, you used to be worth discoursing with.
Posted on 8/28/26 at 7:47 pm to Bard
quote:
Troll that the President isn't shutting down the government over spending when you would then turn around and troll if he did?
What a strange response to a 100% correct and factual statement regarding Executive power in the US.
You're also ignoring that every admin has actively negotiated and aided in structuring each CR since we started using them.
quote:
Damn dude, you used to be worth discoursing with.
What is incorrect about this statement
quote:
The President can veto any of those spending bills unilaterally
?
Posted on 8/28/26 at 8:14 pm to SlowFlowPro
quote:
SlowFlowPro
This post was edited on 8/28/26 at 8:36 pm
Posted on 8/28/26 at 8:31 pm to SlowFlowPro
Well it is back and spewing more crap then ever. Got to make up for that post count that was hindered during its time out in the dunce corner I suppose.
Posted on 8/28/26 at 8:35 pm to Diego Ricardo
quote:
I suspect consumer spending is going to be down a fair bit in the holiday quarter and at some point there is going to be a pullback on AI speculation.
Retail is defiantly down.
Posted on 8/28/26 at 8:41 pm to SlowFlowPro
quote:quote:
Troll that the President isn't shutting down the government over spending when you would then turn around and troll if he did?
What a strange response to a 100% correct and factual statement regarding Executive power in the US.
You aren't denying the assessment.
Posted on 8/28/26 at 8:50 pm to SlowFlowPro
I really don't understand why people imagine specie to be some curative.
I think the advantages of fiat are fairly clear. Our problem is not fiat v. specie problem; it is a revenue v. expenditures problem. We've tried low taxes for 50 years but only trimmed around the edges on the expenditures. Why? Turns out people like many of the fruits of the expenditures.
You cannot, as a nation, fight several generation spanning wars, enact an expansive welfare state for the poor and elderly, and cut taxes then expect it to end well.
This is why our debt exists. We are not a coherent people. I don't know what went wrong. It is easy to make trite generational slams at boomer narcissism but that doesn't explain it all. I've come to the conclusion that higher taxes are the only reasonable option left to us. We need to stop growing our debt; slowly chew the debt and our interest payments down. There is no magic way to that other than higher taxes since there is no political will to axe the things that create the expenditures requiring the debt.
I think the advantages of fiat are fairly clear. Our problem is not fiat v. specie problem; it is a revenue v. expenditures problem. We've tried low taxes for 50 years but only trimmed around the edges on the expenditures. Why? Turns out people like many of the fruits of the expenditures.
You cannot, as a nation, fight several generation spanning wars, enact an expansive welfare state for the poor and elderly, and cut taxes then expect it to end well.
This is why our debt exists. We are not a coherent people. I don't know what went wrong. It is easy to make trite generational slams at boomer narcissism but that doesn't explain it all. I've come to the conclusion that higher taxes are the only reasonable option left to us. We need to stop growing our debt; slowly chew the debt and our interest payments down. There is no magic way to that other than higher taxes since there is no political will to axe the things that create the expenditures requiring the debt.
This post was edited on 8/28/26 at 8:53 pm
Posted on 8/28/26 at 9:08 pm to Bard
quote:
You aren't denying the assessment.
Establishing its' a 100% factual statement proves your assessment wrong.
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