173d
@wildgrass saidYour logic: Only 4 children were run over by cars lst week , below the average of 6 a week. So, it is better now.
Sure Bidens doing all that stuff. Bad, Biden. You bad. Stop spending.
He's still doing it for less than what the Trump administration costs.
You have your priorities Joe. Apparently those priorities include spending a lot more money than democrats. That's fine with you, not me.
@wildgrass saidYou don't know how much Biden is spending. He isn't borrowing all of the money he is spending. The weapons sent to Ukraine were paid for by money created from nothing by the Fed Reserve System. So was the $1.9 trillion coronavirus relief package. There is no debt from that. It is an inflation tax.
Sure Bidens doing all that stuff. Bad, Biden. You bad. Stop spending.
He's still doing it for less than what the Trump administration costs.
You have your priorities Joe. Apparently those priorities include spending a lot more money than democrats. That's fine with you, not me.
How are you counting Biden's spending?
https://www.nytimes.com/2021/10/18/business/economy/fed-inflation-stimulus-biden.html
173d
@AverageJoe1 saidYeah! That's definitely better.
Your logic: Only 4 children were run over by cars lst week , below the average of 6 a week. So, it is better now.
173d
@Metal-Brain said
You don't know how much Biden is spending. He isn't borrowing all of the money he is spending. The weapons sent to Ukraine were paid for by money created from nothing by the Fed Reserve System. So was the $1.9 trillion coronavirus relief package. There is no debt from that. It is an inflation tax.
How are you counting Biden's spending?
https://www.nytimes.com/2021/10/18/business/economy/fed-inflation-stimulus-biden.html
He isn't borrowing all of the money he is spending
Right. You're catching on. He's paying for what he is spending, which is better than not paying.
173d
@wildgrass saidNo, he authorized counterfeiting. Like counterfeiting the FRS created inflation. We are paying for it in higher prices.He isn't borrowing all of the money he is spending
Right. You're catching on. He's paying for what he is spending, which is better than not paying.
Are you counting Biden's spending that he does not borrow?
Did you count the 1.9 trillion coronavirus relief package or are you only counting debt?
https://www.nytimes.com/2021/10/18/business/economy/fed-inflation-stimulus-biden.html
If you are only counting debt you didn't count the American Rescue Plan.
@wildgrass
Dude, people spend more than they borrow all of the time.
Simple question: If you could counterfeit super good counterfeit $50 bills better than ever before would you spend more? How do you think government paid for the Vietnam war? Do you think the high inflation in the 60s and 70s was an accident?
They created so much money from nothing in the 60s they had to stop redeeming dollars for gold so Nixon ended the gold standard. Now government can authorize the FRS to create as much money (legal counterfeiting) as it wants since it is backed by nothing.
It is like you are praising counterfeiters for not borrowing money. Why would they have to except to keep inflation low?
173d
@Metal-Brain saidCRFB is counting, not me. They ran the numbers both with and without COVID spending and the result was the same. Trump's spending contributed twice as much to the current debt compared to Biden.. it's not even close.
No, he authorized counterfeiting. Like counterfeiting the FRS created inflation. We are paying for it in higher prices.
Are you counting Biden's spending that he does not borrow?
Did you count the 1.9 trillion coronavirus relief package or are you only counting debt?
https://www.nytimes.com/2021/10/18/business/economy/fed-inflation-stimulus-biden.html
If you are only counting debt you didn't count the American Rescue Plan.
173d
@Metal-Brain saidYeah I realize that's the standard excuse. It's just not my cup of meat.
@wildgrass
Dude, people spend more than they borrow all of the time.
Simple question: If you could counterfeit super good counterfeit $50 bills better than ever before would you spend more? How do you think government paid for the Vietnam war? Do you think the high inflation in the 60s and 70s was an accident?
They created so much money from nothing in the 60s th ...[text shortened]... raising counterfeiters for not borrowing money. Why would they have to except to keep inflation low?
Heavy debt loads are a relatively new phenomenon for the US government. 45 years or so. It doesn't have to be this way.
173d
@wildgrass saidThe link you posted provided debt figures, not spending.
CRFB is counting, not me. They ran the numbers both with and without COVID spending and the result was the same. Trump's spending contributed twice as much to the current debt compared to Biden.. it's not even close.
Debt does not represent all spending.
Stop using the term "spending" interchangeably with "debt". They are not the same thing.
@Metal-Brain saidObviously if you read the post you are responding to I am not using them interchangeably. But they are related.
The link you posted provided debt figures, not spending.
Debt does not represent all spending.
Stop using the term "spending" interchangeably with "debt". They are not the same thing.
Trumps spending increased US debt 2x more than Bidens spending. If trump spent less, his contribution to debt could be lower. There's no getting around that.
This happens because Republicans pursue tax cuts and promote tax fraud by defunding the IRS, all the while ratcheting up federal spending. Democrats are forced to clean up the mess.
172d
@wildgrass saidBiden's spending is not calculated in your link.
Obviously if you read the post you are responding to I am not using them interchangeably. But they are related.
Trumps spending increased US debt 2x more than Bidens spending. If trump spent less, his contribution to debt could be lower. There's no getting around that.
This happens because Republicans pursue tax cuts and promote tax fraud by defunding the IRS, all the while ratcheting up federal spending. Democrats are forced to clean up the mess.
172d
@Metal-Brain saidThat's because it was about debt.
Biden's spending is not calculated in your link.
172d
@wildgrass saidBiden's debt could be far less than his spending.
That's because it was about debt.
His spending could be as much as Trump's for all you know.
172d
@Metal-Brain saidHow?
Biden's debt could be far less than his spending.
His spending could be as much as Trump's for all you know.
172d
@wildgrass saidI told you. Like a counterfeiter. Government authorizes the Fed Reserve System to create money from nothing so government can spend it. That is how.
How?
The result is inflation. We are paying for it in higher prices. What debt?
We have already been taxed with inflation. And that is not the only reason the FRS creates money out of nothing. What do you think quantitative easing is?
QE is the same thing except it is sometimes used to fight deflation, which does not necessarily cause inflation for obvious reasons. That is why we don't have to worry about a deflationary depression anymore. We are off the gold standard and the US dollar is backed by nothing.
The FRS can create as much money from nothing as it wants now, with government approval of course. And they need republicans to go along with it just as much as democrats. Republicans control the Senate.
Fiscal irresponsibility is a bipartisan effort. Stop pretending it is not. There is plenty of blame to go around.