American Politics

[M3J]

It's not quite the same thing. The stimulus is done via deficit spending. Which is fine for a stimulus. But if this is going to be regular policy then it's cannot indefinitely come from deficit spending. The country's fiscal and monetary policy has to make sense.

--- Double Post Merged, Jan 28, 2021, Original Post Date: Jan 28, 2021 ---

Yeah, to some extent I agree. But this will still be an experiment on whose effects will be unknown until after the fact. Not sure of what you mean with the education bit. If the jobs require higher education then this is an issue of educating the workforce.

What's the point of debt/deficit anyway? I mean, so far have we been affected by being trillions of dollars in debt, or is that just a talking point for either party to oppose the other party?

 

[xi0]

This entire reddit meme trading thing is just incredible. You have to be doing something incredibly heinous for people like AOC and Ted Cruz to be in agreement on something.

 

[kkck]

What's the point of debt/deficit anyway? I mean, so far have we been affected by being trillions of dollars in debt, or is that just a talking point for either party to oppose the other party?

The point.... not sure of how to answer that. Both are different things with different implications. Debt being loans the US government takes via a number of ways (say, bonds) and deficit just being the result of the government spending more than it gets. Usually via printing money. can't recall if loans count towards deficit specifically (add to that layers of context and me not being the best source of information for this). In the grand scheme of things the US is in an absurdly privileged position regarding deficit and debt on account of the US dollar. This is largely because when the US prints money people simply still want that money. Rather than immediately try to convert it to something else. The US is basically the only country in the world that does not get other currencies to stabilize their own. Other countries have US dollars are their reserve currency basically. Overall this is something which is too complex for me to fully understand, let alone explain because there's a lot more nuance to this, but the short of it is that the US can basically print a lot of money while the dollar still retains the bulk of its value.

If you compare that to other countries, specially third world countries... Well, they just can't do the stuff the US does with the US dollar. not that US monetary policy makes a lot of sense nowadays (at least to me) but the fact that it is like that and it still holds is due to its unique position. Any third world country has at some point or another had monetary crises where the currency spirals into worthlessness. Due to a number of reasons... Like the country printing money relentlessly without any regard for sound policy and to the whims of wannabe dictators who think they know shit about the economy or that they can force the economy into accepting their worthless paper.

Now, the US isn't exactly close to this level of monetary collapse. The US dollar is still THE reserve currency and pretty much the cornerstone of international trade. But that doesn't mean the US can just brush off sound monetary policy in favor of just doing whatever and hope it works. The US dollar is sturdy but that's not the same thing as it being invincible. A collapse is most likely still way in the future but it's still jarring to see how the US uses its money. Bailouts are directed at corporations rather than consumers. The US is in dire need of renewing its infrastructure and yet the last time this was an issue it wasn't addressed because tax cuts made it unaffordable... Which incidentally proved for the billionth time that tax cuts for corporations never trickle down to consumers and also result in, surprise, less money being collected by the government.

 

[M3J]

This entire reddit meme trading thing is just incredible. You have to be doing something incredibly heinous for people like AOC and Ted Cruz to be in agreement on something.

I also hope a lot of right wingers realize just how shitty and gamed the system is.

The point.... not sure of how to answer that. Both are different things with different implications. Debt being loans the US government takes via a number of ways (say, bonds) and deficit just being the result of the government spending more than it gets. Usually via printing money. can't recall if loans count towards deficit specifically (add to that layers of context and me not being the best source of information for this). In the grand scheme of things the US is in an absurdly privileged position regarding deficit and debt on account of the US dollar. This is largely because when the US prints money people simply still want that money. Rather than immediately try to convert it to something else. The US is basically the only country in the world that does not get other currencies to stabilize their own. Other countries have US dollars are their reserve currency basically. Overall this is something which is too complex for me to fully understand, let alone explain because there's a lot more nuance to this, but the short of it is that the US can basically print a lot of money while the dollar still retains the bulk of its value.

If you compare that to other countries, specially third world countries... Well, they just can't do the stuff the US does with the US dollar. not that US monetary policy makes a lot of sense nowadays (at least to me) but the fact that it is like that and it still holds is due to its unique position. Any third world country has at some point or another had monetary crises where the currency spirals into worthlessness. Due to a number of reasons... Like the country printing money relentlessly without any regard for sound policy and to the whims of wannabe dictators who think they know shit about the economy or that they can force the economy into accepting their worthless paper.

Now, the US isn't exactly close to this level of monetary collapse. The US dollar is still THE reserve currency and pretty much the cornerstone of international trade. But that doesn't mean the US can just brush off sound monetary policy in favor of just doing whatever and hope it works. The US dollar is sturdy but that's not the same thing as it being invincible. A collapse is most likely still way in the future but it's still jarring to see how the US uses its money. Bailouts are directed at corporations rather than consumers. The US is in dire need of renewing its infrastructure and yet the last time this was an issue it wasn't addressed because tax cuts made it unaffordable... Which incidentally proved for the billionth time that tax cuts for corporations never trickle down to consumers and also result in, surprise, less money being collected by the government.

exactly. Plus, we don't necessarily need to print more money, just deposit money into accounts.

 

[kkck]

I also hope a lot of right wingers realize just how shitty and gamed the system is.



exactly. Plus, we don't necessarily need to print more money, just deposit money into accounts.

Government money has to come from somewhere... Either collected from taxes, printed or debt...

--- Double Post Merged, Jan 29, 2021, Original Post Date: Jan 29, 2021 ---

So, while biden continues to call for unity you have democrat in congress and the senate apparently realizing there are republicans in congress and the senate who are perfectly ok with a violent mob straight up murdering the lot of them. unity is fun.

 

[M3J]

Government money has to come from somewhere... Either collected from taxes, printed or debt...

--- Double Post Merged, Jan 29, 2021, Original Post Date: Jan 29, 2021 ---

So, while biden continues to call for unity you have democrat in congress and the senate apparently realizing there are republicans in congress and the senate who are perfectly ok with a violent mob straight up murdering the lot of them. unity is fun.

that's why people like Biden are absolute shit, and why moderate/centrism is stupid. Why would you even want to get along with a group of people that are okay with you being murdered and even helping to make that happen? If the Reps are genuine about unity, they'd either resign or call for punishment.

 

[shionoro]

that's why people like Biden are absolute shit, and why moderate/centrism is stupid. Why would you even want to get along with a group of people that are okay with you being murdered and even helping to make that happen? If the Reps are genuine about unity, they'd either resign or call for punishment.

I do not think what biden does is stupid. He did roll out ambitious plans, he did get his cabinet confirmed (republicans could have played more hardball there).

An article about this topic https://fivethirtyeight.com/feature...ans-will-work-with-him-and-could-he-be-right/

I think either way, Biden instantly going for unity is giving him voter sympathy and for some moderate republicans, it might be working.

 

[M3J]

Okay, but it's still stupid because it hurts the Dems in the long run. If moderate Republicans actually work with him then that's one thing, but I don't see them doing that for the most part.

 

[shionoro]

Okay, but it's still stupid because it hurts the Dems in the long run. If moderate Republicans actually work with him then that's one thing, but I don't see them doing that for the most part.

If they don't the messaging will still pay off for biden. If biden can frame republican blockage as what it is and does not give them room to cry foul and paint him as a leftist, that is a win for the democrats in the midterms. Its not like Biden will not exert power where he can.

But I think he is right in the notion that courtpacking without a cause that the voters will understand and support would be a good idea if he wants to keep the house and senate 2018, for example. Right now, demography is on the democratic side. Fucking your chances in rural areas right now would be neglect.

 

[M3J]

He's already painted as a leftist, and all the reps have to do is mention that in a sentence. I don't know how, but the right are such dumbasses that they actually think he wants to defund cops and is a radical leftist despite proof otherwise and him saying he supports cops.

 

[kkck]

If they don't the messaging will still pay off for biden. If biden can frame republican blockage as what it is and does not give them room to cry foul and paint him as a leftist, that is a win for the democrats in the midterms. Its not like Biden will not exert power where he can.

But I think he is right in the notion that courtpacking without a cause that the voters will understand and support would be a good idea if he wants to keep the house and senate 2018, for example. Right now, demography is on the democratic side. Fucking your chances in rural areas right now would be neglect.

There is literally nothing biden can do to not get painted as a leftist by the republican party. This is not even up for debate. This ship has sailed and sunk ten times over by now... Both hillary and biden tried to distance themselves as much as they possibly could from progressives in their party and specifically from progressive flagship policy medicare for all and republicans still called them communist. Biden and democrats shouldn't waste their time in trying to not get painted as leftist or worst, republicans will do it regardless of what policy biden stands for. That said, biden should attack republicans and frame them as obstructionists. Because that is what they will be through his administration. And that is what the party where trump still has 95% approval will want of their representatives.

 

[SharkBait]

Back to playing the covid relief game...I hope they get something done before the middle of the month.

 

[Sanity Check]

It seems Biden isn't sticking to any of his campaign promises.

But no one here is unhappy about it.

 

[SharkBait]

It seems Biden isn't sticking to any of his campaign promises.

But no one here is unhappy about it.

if he doesnt give me $10000-$50000 student debt relief I will be platinum mad.

--- Double Post Merged, Feb 3, 2021, Original Post Date: Feb 3, 2021 ---

hopefully trump gets this dude to speak for his impeachment defense

 

[xi0]

Funny how Newsmax suddenly cares about floating unsubstantiated nonsense when they have to worry about lawsuits.

Why Trump gave this clown a platform is beyond me. Ripping people off with his overpriced garbage pillows.

 

[ninjabot]

It seems Biden isn't sticking to any of his campaign promises.

But no one here is unhappy about it.

He hasn't even been president for an entire month yet. Not to mention no one in here voted for Biden based on unrealistic promises. We voted for him because he's not Republican/ not Trump.

By way of not being Trump he's already done what most of his voter base has asked of him.

 

[M3J]

It seems Biden isn't sticking to any of his campaign promises.

But no one here is unhappy about it.

Thank you for proving that you don't really read. I forgot about others, but I definitely pointed out issues with him backtracking on his promises like $2,000 stimulus. But I'm also aware that it takes a lot longer than a month for a president to get anything done. Man, you right wingers continue to embarrass.

Oh, and apparently Biden's sending immigrants to overflow centers, which many of the left see as detention centers under Trump, so they aren't happy about that. But we'll see, and hopefully it's not a detention center.

 

[SharkBait]

Thank you for proving that you don't really read. I forgot about others, but I definitely pointed out issues with him backtracking on his promises like $2,000 stimulus. But I'm also aware that it takes a lot longer than a month for a president to get anything done. Man, you right wingers continue to embarrass.

Oh, and apparently Biden's sending immigrants to overflow centers, which many of the left see as detention centers under Trump, so they aren't happy about that. But we'll see, and hopefully it's not a detention center.

they might as well be if legislation going to take months to years leaving them in immigration purgatory

 

[M3J]

Shouldn't have to take so long

 

[Sanity Check]

Oh, and apparently Biden's sending immigrants to overflow centers, which many of the left see as detention centers under Trump, so they aren't happy about that.

How tough were Obama and Biden on illegal immigrants 2008-2016?

Everyone that wants to discuss illegal immigration knows as much about it, as virgins do about sex.

Would anyone here take sex advice from virgins?