3 ms·

This is the argument that republicans always throw around before they make a run for office, but somehow magically it turns into more spending. Things like the

This is the argument that republicans always throw around before they make a run for office, but somehow magically it turns into more spending. Things like the trillion dollar boondoggle of the F35 and the massive shit show of the war in Iraq.

FooBarBizBazz 2y ago
It's possible for this to be a real problem and for Republicans to simultaneously be full of shit. The increasing debt represents a wealth transfer to asset holders. If you can exchange your dollars for things like houses, before those dollars are devalued, then you win. This is regressive. This is not an argument for fewer social programs. It is an argument for more taxes.
- 486sx33 2y ago
  Spending more in order to force taxes up later isn’t good policy. We need to cut spending to match taxes, then start deciding what’s important and what people want to pay for with increased taxes Giving people everything for “free” to win the next election is very bad policy for the country
treebeard901 2y ago
I am not sure why so many take it as a partisan observation. There was a time when a total debt of $1 trillion was controversial in politics and economics. Lowering the rate also determines how much it costs to sustain the debt spending. So my comment was related in an economic sense. I also prefer to have sustainable Government institutions and social programs which increasing debt will eventually threaten. Maybe the system can sustain $50 trillion with $2 trillion added every month. We will find out eventually with the current path. It already costs more to service existing debt than even defense spending.
- 486sx33 2y ago
  The debt is still a massive problem The fed rate is also the rate that the national debt interest is paid on Will this encourage further and increased debt spending ? When will spending get cut to stop the bleeding? America has a spending problem.

FooBarBizBazz 2y ago

It's possible for this to be a real problem and for Republicans to simultaneously be full of shit. The increasing debt represents a wealth transfer to asset holders. If you can exchange your dollars for things like houses, before those dollars are devalued, then you win. This is regressive. This is not an argument for fewer social programs. It is an argument for more taxes.

486sx33 2y ago
Spending more in order to force taxes up later isn’t good policy. We need to cut spending to match taxes, then start deciding what’s important and what people want to pay for with increased taxes Giving people everything for “free” to win the next election is very bad policy for the country

treebeard901 2y ago

I am not sure why so many take it as a partisan observation. There was a time when a total debt of $1 trillion was controversial in politics and economics. Lowering the rate also determines how much it costs to sustain the debt spending. So my comment was related in an economic sense. I also prefer to have sustainable Government institutions and social programs which increasing debt will eventually threaten. Maybe the system can sustain $50 trillion with $2 trillion added every month. We will find out eventually with the current path. It already costs more to service existing debt than even defense spending.

486sx33 2y ago
The debt is still a massive problem The fed rate is also the rate that the national debt interest is paid on Will this encourage further and increased debt spending ? When will spending get cut to stop the bleeding? America has a spending problem.