Message from @The Edgy Politician
Discord ID: 414972139733647360
You have to look at this politically. Even if your theory is correct, the thing is the idea of a tax CUT making the debt lower is optically a victory. I personally don't believe in the idea of having large debt being okay because I don't trust the fed to handle our money and interest benevolently. We can theorize all we want about this, and I'll read more about economics to make myself more educated on this kind of stuff, but as it stands, I'm in this for the social and political issues. My idea of winning the economics battle is making it so where single-income families can be viable again so someone can stay and take care of the kids.
Politically, having large public debt isn't the problem. Having large private debt is. If you want single-income families or double-income families to be viable, then you want them to save and invest more. I agree that tax cuts on the lower and middle income class is great but so is increasing government spending.
@snickers one of the big drawbacks of having the Government spending stimulate the economy is that the government wastes more so it's not as effective.
Waste on what
Stimulating the economy
No like what does the government waste money on
Like everything it does is usually more expensive then the private sector. Money is also sent to thing with very low return on investment
Either way, my point is that government spending into the economy is what helps drive the private sector savings, and it is up the congress to appropriate the budget so that the money is used for the public good rather than just a few people
Like when Obama gave tens of billions of dollars to that Solaris (Spelling?) company and it was all embezzled or waisted then shut down a year or so later
@Snickers you have a very interesting theory. I never heard it before. There may be something to it
It's not a theory really
But if you're interested in it, search up Modern Monetary Theory
What about inflation though? Since the government is just printing money doesn't this result in $ being worth less?
Inflation is a problem and that's what we should be focused on, not deficits or balancing the budget. However, inflation usually isn't a problem if the money being spent out in the government is used to reinvigorate idle capacity like human resources, goods, services, etc.
That's a quite simple explanation but if you want to read up on what MMT thinks of inflation, just read this article (unfortunately its kind of long) http://bilbo.economicoutlook.net/blog/?p=10554
I'll talk to you more about this later since I am busy atm
>Republicans have the wrong agenda
what the fuck does that even mean
no free gibs
gibs??
If the media weren't actively against us, and both parties acted the same, we'd have 75% of the vote
This is bullshit
Republicans are still pretty cucked
Even though Trump is leading them
probably the scariest thing for the dems about trump when he was running is that he doesn't exactly "belong" to any party
he can't be bought and sold like other people
he's pre cool
Ugh
This is why I prefer Republicans over Democrats.
wh
what
wait
***what***
can I get a quick rundown
of
***what***
just