5 ms·
I agree with this, also will we try to pass another tax cut to try to stimulate the economy. It seems to me should use tax cuts, large increases in government s
by frankbreetz 7y ago
I agree with this, also will we try to pass another tax cut to try to stimulate the economy. It seems to me should use tax cuts, large increases in government spending, and rate cuts to stimulate the economy on a "rainy days". Doing these things during a good economy seems foolish to me.
- radiorental 7y agoAnd Mitch McConnell recently argued the exact opposite. When asked he said (paraphrising) "Why would we increase taxes when the economy is doing well, why would we want to hurt that growth?" The mind boggles.
- AnimalMuppet 7y agoThe idea of repaying borrowed money never occurs to people. The idea that interest rates might rise and cripple those who owe too much never occurs to people. That seems very short-sighted to me. But... what if they're right? Interest rates have been low for a decade. That's pretty unprecedented. What if they're going to stay low for another few decades? Maybe they're actually acting rationally... if they're right that this is going to continue for a long time. This scares me, because I fear that we're just putting ourselves in a worse and worse position for when things get tighter. But what if it really is different this time? What if they never do get tighter?
- prewett 7y agoMitch McConnell and the Republicans have a non-nuanced view that taxes == bad. It seems to lead to a lot of motivated cognition.
- zanny 7y agoNothing about the intent behind the 2018 tax cuts was about them being good for the economy. They were good for the corporate sponsors of the legislation and administration that pushed for them and bad for the long term solvency of the country and bad for the working class as a whole.