cawacko (07-14-2018), christiefan915 (07-15-2018)
Jack (07-14-2018)
No disrespect. I'm glad you guys know each other. You both seem intelligent, have interesting points of view, are easy going. Kinda' caught me off guard.
Anyway, I don't think either Party cares about the Deficit once they get in Power.
Now, you want to know MY Theory?
There's TWO ways to pay for stuff, cash or credit. Now MY Theory is that Rich People PREFER to LOAN their money to the Government (by buying Treasuries) rather than being Taxed and having to pay Cash.
So, there's no REAL incentive to pay off the Debt, when Rich People can make money on it.
Jack (07-14-2018)
That's harsh, cawacko. Here's a chart from 1960-present. It appears the deficit started to rise under reagan. Then look at the deficit under Clinton, did repubs give him credit for that or did they make excuses? Look at the steep rise under bush 43. And now the deficit's steadily rising again under trump. I wouldn't talk about Bernie when it looks like the deficit was better under liberal presidents.
“What greater gift than the love of a cat.”
― Charles Dickens
MMT, Modern Monetary Theory, is supported by Bernie and some of his top economists. It essentially says if you control the printing press, as the U.S. does, then you can basically print as much money as you want. For instance running $2 trillion deficits is copacetic with them. It's basically how he plans to support his jobs for everyone and healthcare for all agenda.
So while one can rightfully complain about current deficits if Bernie and MMT is what you support it's a very contradictory position/argument.
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