Is what is currently needed at this dark hour of American history, to save the country from record inflation and to slowly but surely chip our way out of the ~$30T national debt.
Nix the "infrastructure" bill.
Raise corporate tax to 30-35%+. Get rid of trickle down economics.
Tax and Sequester, not Tax and Spend. Not lower taxes and spend (lol). 2013nomics, minus pushing the dreadful ACA through.
Also extremely importantly... pressure and force the Federal Reserve to raise interest rates, in a major way. The current ZIRP is killing buying power and continuing to encourage irresponsible borrowing, creating the bubble of all bubbles. Create a federal bipartisan law that sets a permanent Fed Interest Rate Floor of 3%, and a temporary 7% floor until 2023. There should be a price of money to curb borrowing, give honest buyers a chance, correct the housing market naturally instead of bursting a bubble... and most importantly, reducing or even slightly reversing inflation, at least in the short term, back to 2019ish figures.
But Biden wants his (fun time) like President Trump & Hussein had there's...even Hussein still laments not going bigger when he got his spending spree.
& now Biden shames himself by going from 3.2 trillion to 1.9 trillion. Once he agrees to 1.anything, it's (1).
He's desperate to get his hands on those (trillions) as he's lost 50k of Americans in the last 30 days.
Big shot with a (plan).
ha, ha.
The polls indicate he's actually lost more like about 5-10 million (voters).
that's some ed up economics
of course you would think so; you stan for 70% taxes across the board and subsidized/free everything. i.e. socialism.
Clintonomics is raising taxes and then implementing Newt's contract with America.
contract with america had a lot in there... including calls for lower taxes and lower spending. cant just pretend it all happened
lower spending is a great thing... stop inflation... but budget revenue has to come from somewhere. Raising corporate tax is a great start. Another thing is cutting out loopholes for millionaires and billionaires and billionaire companies/corporations so that they can't deduct more than X% of their income.contract with america had a lot in there... including calls for lower taxes and lower spending. cant just pretend it all happened
U.S. sees biggest revenue surge in 44 years despite pandemic
https://www.politico.com/news/2021/1...andemic-515792
Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.
lower spending is generally a bad thing.
Underinvesting in infrastructure gets you ty infrastructure and lower economic growth.
Underinvesting in education gets you uneducated people and lower economic growth .
Underinvesting in health care gets you sick people and lower economic growth.
If only there were a political party that would step up for this kind of investment.
Only thing I agree with you on to some extent is healthcare...lower spending is generally a bad thing.
Underinvesting in infrastructure gets you ty infrastructure and lower economic growth.
Underinvesting in education gets you uneducated people and lower economic growth .
Underinvesting in health care gets you sick people and lower economic growth.
If only there were a political party that would step up for this kind of investment.
Infrastructure and education belongs to the jurisdiction of the states and the local districts and municipalities, NOT the federal government.
You choose to live in a nice school district in Massachusetts or western Michigan and pay higher property taxes. Or live in a rural area or a ghetto hole like Edgewood, San Antonio with crappy schools and pay cheap property taxes. Freedom of choice.
Similar goes for infrastructure... you choose to live in a nice suburb + an HOA and pay dues for nice roads, amenities and regular snow plowing the roads... or you can live in the middle of nowhere and be stuck inside your cheaply-taxed house on 20 acres of land in the middle of nowhere when it snows and the roads are impassable for a week. Or in a crappy part of a Texas city where rain-caused potholes don't get fixed for a year or two.
Freedom of choice.
The declaration of independence/cons ution repeatedly mentions unalienable rights: life, liberty, and the pursuit of happiness. Education is a privilege and not a right. Healthcare, on the other hand, should be a right and not a privilege. Because without Healthcare there is no Life.....
Hence the "make believe" economy. Dow Jones big biz getting richer, average working Americans / middle class getting poorer. It's all thanks to the ed low interest rate policy.
A healthy Dow Jones is about half of its inflated bubble figure right now.
Clintonomics was giving China most favored nation trade status, thrusting the barn door open for the hollowing out of our economy.
It was also financial innovation that led to capitalism ting the bed in 2008-9.
And some very cheap retail goods and gas prices under Bill.
Under GWB gas prices stayed cheap until 2005... hmm I wonder why that year? Was it because GWB/Cheney/Halliburton had gotten re-elected a second term and now didn't have to worry about getting re-elected again? Big oil record profits at the pump... gas went from $1.49 to over $3 just in a year and big oil blamed it on Katrina and Rita.
Hopefully a special place in awaits Clinton, Greenspan, and Rubin.
Free money, lazy people. But...but "THE RENTZ" and other issues when it's time to take inventory of those not contributing.
If this doesn't tell you why a universal healthcare program piloted on 5-7 million populations with 75% tax rates wont work in this country, I don't know what to tell you.
You're always in here posting about how much the 1st world over-privileged society is hurting here and you go posting about how much money our nation is spending, which has to include the portion of the country not working but spending the free money while people like you complain for them. You're contradicting yourself. People hurting as much as you insist shouldn't be popping the economy the way they are.
Oh, wait, that was Tim Geithner
This is rich considering how much libs melted down because his wife didn't become POTUS.
^^^Trump dead-Enders beating their chests five years later, how puny
(Mary Trump never said that AFAIK, but it's right on the money)
Clinton, the "first black president", screwed Ms of blacks off welfare
Clinton signed to annul Glass-Steagall creating even bigger financial monsters
Clinton signed not to regulate derivatives market.
Clinton signed to militarize the police with military equipment
Clinton, the conservatives' wonderful strategic ally
^^^Trump dead-Enders beating their chests five years later, how puny
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