The biggest RINO deficit stimulus was the tax “overhaul”, where they did the same thing Bush did years ago. What do you do when you are finally able to start paying off your debt? Give up income, of course! Oh, and then start spending extra on things that aren’t actually “in” the budget, like a war or some such.
B) tax increases levied against those who have sufficient income/reserves to yield sufficient revenue to satisfy (at minimum) cash inputs to stimulate consumer activity @ rates necessary to sustain the USA consumption based economy, and
C) direct payments from the national treasury to state governments to prevent economic collapse by those entities (whose tax receipts have been devastatingly slashed by C-19 business contraction/collapse
A, B, and C all violate libertarian economic ideology. Taxes are theft, and “big government” is not only fed enormous quantities of meat into its greedy, gaping jaws, but also encouraged to at least maintain the size it gains, if not grow even larger, all of which results in loss of “freedom” by individual citizens. The whole idea of deficit, tax-raising stimulus economic recovery goes against Free Market “natural order” beliefs.
What to do, what to do?
Well, individuals may decide to invest their personal wealth as they see fit, in a manner which results in Free Market rescue from this peril. This was the Hoover administration economic policy in response to the Crash of ‘29.
Or not, and maybe there will be economic collapse which (if not stimulated using MMT methodology) lasts indefinitely and places the nation at peril of dissolution due to partisan ideological differences.
Natural Order, as libertarian (and perhaps, current GOP) ideology deems proper, fitting, and best/only “natural” policy course because FREEDOM!!!!!
That deficit expanded rapidly after the Trump / Repub 2017 tax cuts took affect. The corporate tax cuts were used to buy back stock, which does NOTHING foir the real economy, but it heats up the stok market. Since Trump insisted that interest rates be kept low, those compnaies borrowed more money to buy back more stock. As soon as the stay-at-home orders were starting to be put inot effect, these companies cried that they needed money because they had nothing in reserve. Marco Rubio and the other Repubs were heavily lobbied by large companies so they defined “small business” a “less than 500 people per location”. How the heck is that a “small business”?
So Scott. When will you change out your Go Comics Placard page? Colin was right. The Murder of George Floyd proves it.
Go with something more timely, Like Trump destroying the postal service to end mail in voting. With the mail in voting destroyed he can claim fraud in the election and start the next civil war.
A bit more important that one athlete kneeling. don’t you think?
Concretionist over 3 years ago
Seems a bit… colorful… for a family paper. Good thing this is online.
Daeder over 3 years ago
So, the kinky deficit is a Republican in name only?
sevaar777 over 3 years ago
There is no safeword when it comes to repubicons stimulating the 1%. Deficit is only used when denying help to the rest of us.
kaffekup over 3 years ago
If only we’d had leadership that would have stopped this thing before it developed astronomical deficits…
It’s a good thing the Senate voted to keep the lousy leadership. /s
The Love of Money is . . . over 3 years ago
The President has been stimulating himself since he took office.
RAGs over 3 years ago
Trump, and his republicans, have been stimulating the deficit, and feeding it, and helping it grow,…
Patjade over 3 years ago
“RINO” seems appropriate, since these Republicans loved to spend into the deficit until it was needed for regular people.
Curiosity Premium Member over 3 years ago
The biggest RINO deficit stimulus was the tax “overhaul”, where they did the same thing Bush did years ago. What do you do when you are finally able to start paying off your debt? Give up income, of course! Oh, and then start spending extra on things that aren’t actually “in” the budget, like a war or some such.
Zen-of-Zinfandel over 3 years ago
Rhinoceros guard from Kung Fu Panda.
Radish the wordsmith over 3 years ago
And what did we get from the giant deficit the Republicans racked up? Covid.
lsnrchrd.1 Premium Member over 3 years ago
Stimulus funding can only be provided by:
A) deficit spending (MMT), or
B) tax increases levied against those who have sufficient income/reserves to yield sufficient revenue to satisfy (at minimum) cash inputs to stimulate consumer activity @ rates necessary to sustain the USA consumption based economy, and
C) direct payments from the national treasury to state governments to prevent economic collapse by those entities (whose tax receipts have been devastatingly slashed by C-19 business contraction/collapse
A, B, and C all violate libertarian economic ideology. Taxes are theft, and “big government” is not only fed enormous quantities of meat into its greedy, gaping jaws, but also encouraged to at least maintain the size it gains, if not grow even larger, all of which results in loss of “freedom” by individual citizens. The whole idea of deficit, tax-raising stimulus economic recovery goes against Free Market “natural order” beliefs.
What to do, what to do?
Well, individuals may decide to invest their personal wealth as they see fit, in a manner which results in Free Market rescue from this peril. This was the Hoover administration economic policy in response to the Crash of ‘29.
Or not, and maybe there will be economic collapse which (if not stimulated using MMT methodology) lasts indefinitely and places the nation at peril of dissolution due to partisan ideological differences.
Natural Order, as libertarian (and perhaps, current GOP) ideology deems proper, fitting, and best/only “natural” policy course because FREEDOM!!!!!
Durak Premium Member over 3 years ago
Good lord, let’s hope not.
Nantucket Premium Member over 3 years ago
That deficit expanded rapidly after the Trump / Repub 2017 tax cuts took affect. The corporate tax cuts were used to buy back stock, which does NOTHING foir the real economy, but it heats up the stok market. Since Trump insisted that interest rates be kept low, those compnaies borrowed more money to buy back more stock. As soon as the stay-at-home orders were starting to be put inot effect, these companies cried that they needed money because they had nothing in reserve. Marco Rubio and the other Repubs were heavily lobbied by large companies so they defined “small business” a “less than 500 people per location”. How the heck is that a “small business”?
ragsarooni Premium Member over 3 years ago
If u stimulate yourself dontcha go blind?!
jhayesd31 over 3 years ago
So Scott. When will you change out your Go Comics Placard page? Colin was right. The Murder of George Floyd proves it.
Go with something more timely, Like Trump destroying the postal service to end mail in voting. With the mail in voting destroyed he can claim fraud in the election and start the next civil war.
A bit more important that one athlete kneeling. don’t you think?
bakana over 3 years ago
You have to stimulate yourself by your Bootstraps.