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Deficits gonna matter again

YellowSnow
YellowSnow Moderator, Swaye's Wigwam Posts: 37,339 Founders Club
in Tug Tavern
Probably looking at $4 trillion this year. Yikes.

https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,136 Standard Supporter
    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,339 Founders Club
    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,642 Standard Supporter
    Blame the US education system and the MSM. We are a nation of economic illiterates - and that was a positive choice of the leftards that run both organizations. When the counselor can tell us that he voted for barry because he was the more fiscally responsible alternative shows you how far the rot has gone. One of the reasons I didn't vote for Trump was that he was going to spend like W on steroids and I didn't trust him on any other conservative policies. Generally been very favorably surprised except for the spending. But in spite of that, the Tug leftards don't think he is spending nearly enough. Did you know that Bloomberg could have given 340 million Americans a million dollars based on what he spent on his campaign? Over $500 million.
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  • MikeDamone
    MikeDamone Member Posts: 37,781
    Meh... Modern monetary theory will save us! Spend away!
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,339 Founders Club
    MikeDamone said:

    Meh... Modern monetary theory will save us! Spend away!

    Until it won’t.
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  • DoogieMcDoogerson
    DoogieMcDoogerson Member Posts: 2,509
    I say we just tell China we want a credit for this mess they created.

    Now that said, Dems will likely try to use budget deficit growth in their election campaign...and it will fail, of course, predictably.
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  • MikeDamone
    MikeDamone Member Posts: 37,781
    YellowSnow said:

    MikeDamone said:

    Meh... Modern monetary theory will save us! Spend away!

    Until it won’t.
    AOC says it will.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,136 Standard Supporter
    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

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  • jecornel
    jecornel Member Posts: 9,737
    WestlinnDuck said:

    Blame the US education system and the MSM. We are a nation of economic illiterates - and that was a positive choice of the leftards that run both organizations. When the counselor can tell us that he voted for barry because he was the more fiscally responsible alternative shows you how far the rot has gone. One of the reasons I didn't vote for Trump was that he was going to spend like W on steroids and I didn't trust him on any other conservative policies. Generally been very favorably surprised except for the spending. But in spite of that, the Tug leftards don't think he is spending nearly enough. Did you know that Bloomberg could have given 340 million Americans a million dollars based on what he spent on his campaign? Over $500 million.

    Bhagavad Trump will fix it. He is a great fixer!!! Give him tim to get his guys in there.
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,339 Founders Club
    PurpleThrobber said:

    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

    So much of that 20th ass kicking occurred when life expectancy was like 62. It’s a lot harder to kick ass when life expectancy is 78 and everyone wants a cumfy retirement starting in their early 60s. R&D spending and infrastructure gets the axe so we can buy more scooter chairs.
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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

    So much of that 20th ass kicking occurred when life expectancy was like 62. It’s a lot harder to kick ass when life expectancy is 78 and everyone wants a cumfy retirement starting in their early 60s. R&D spending and infrastructure gets the axe so we can buy more scooter chairs.
    I’m hearing we’re fixing that problem right now. Race excepted.
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