M2Bulls by Marty Two Bulls Sr. for February 11, 2021

That’s what a loan is. Exactly. Except for the “snatch” part. That part, everybody not only understands what they’re doing but they can… in theory… plan to pay it off from the increased tax revenue caused by a more robust economy. It would have helped, of course, if #45 hadn’t presided over a HUGE raid on the budget that was paid to the already obscenely rich.

Trickle-Mobius economics at its finest!

Always great work. Maybe if bezos and other billionaires spent more helping people and less on their lavish overdone homes and yachts’. Some of the wealthy are fairly generous. However I bet someone in a moderate income bracket gives a higher percentage than most of these. And how much has the twice impeached treasonous resident of Mar-A -Lago helped?

“They claimed it was for the sake of their grandparents and grandchildren, but it was of course for the sake of their grandparent’s grandchildren, and their grandchildren’s grandparents.”― Douglas Adams, The Ultimate Hitchhiker’s Guide to the Galaxy

marty mcbull smells a little conservative today

Public debt versus private debt. Private gets repaid. Public just get swapped around covering trade imbalance tabs. We tried forcing repayment at the end of WW!. What that gave us was WW2. Hello, it’s never getting paid, they will never be responsible.

Yet another reason why time travel is not advisable.

That debt we are leaving our children will bring America to its knees far more than that climate change thing you keep harping on.

Not how it works. Please do some econ research before making a foolish argument. Here’s a trivia question… When did we pay off the debt from WWII?

Republicans only worry about the national debt when there is a Democrat in the White House… didn’t bother them a bit that Trump raised the debt by about 36% (mostly because it benefitted rich people). And Republicans only see “socialism” when Democrats give away government money – stimulus checks didn’t count then, but with a Democrat in the White House now they’re socialism…

Sorry Marty, I can’t agree with you on this one. It’s not a matter of finding new funding, it’s about better managing the funding that we have.

The United States is a nation with vast, nearly limitless resources. Which were stolen from your people, I agree. If we lack funding it is due to poor leadership, poor management and poor stewardship. It goes without saying our most recent former president lacked all these quantities in, um, abundance.

Tax the rich, they have all the money. They own 94% of everything, they should pay 94% in taxes.

Get the money from the bloated defense department.

Republicans saw no problem cutting a trillion more dollars from taxes owed by the super wealthy. Then demanding the hole be filled by Medicare and SS.

Well of course it’s borrowing from the ‘future’. Just like thousands do every year when they borrow to purchase a house, or car, or whatever other thing people borrow for. Ultimately, when the loan is paid and the original borrower departs the scene, then others benefit from the original loan when they sell the goods on. In the meantime, everyone who uses what the loan is for….benefits.

Cut the ridiculous military budget, eliminate Space Force (put it back under the Air Force), tax interest at the same rate as income (especially for hedge fund managers when it IS their whole income), eliminate deductions for purchasing private planes, stop allowing business losses from being deducted for decades (why Amazon STILL doesn’t pay taxes).

Covid relief money needs to be given out to those at the lower end of the economy – they will SPEND it.

Here’s a nice piece talking about the actual economics of the illustrated debt… https://cepr.net/how-will-our-children-know-they-face-a-crushing-debt-burden/