149
   

monitoring Trump and relevant contemporary events

 
 
hightor
 
  3  
Reply Mon 11 Feb, 2019 07:56 am
Here's an article by Steve Rattner, a former Treasury official about the growing debt. He's got graphs and proposals which I'm sure will lead to his condemnation as a Republican by the left.

I know Paul Krugman is pretty chill about deficit spending but honestly, sometimes I get the feeling that he's telling us what we want to hear. I'm leaving a link to a piece called "Nonsense economics: the rise of modern monetary theory" which I posted a few days ago, Post: # 6,787,326, and I'd be interested in what you think. One thing I have noticed is that Republicans like to beat Dems over the head about "deficits as far as we can see" even though they don't seem any more interested in solving the problem than the most profligate Democrats.

Your Grandchildren Are Already in Debt

Quote:
Medicare for All. The Green New Deal. Free college tuition.

With each new entrant into the Democratic presidential sweepstakes comes a fresh cascade of ambitious social programs to entice and excite would-be supporters.

The list of “payfors,” to use a bit of Washington jargon, grows more slowly. They’ll pay for this how, again? Tax the rich, tax the rich — or take cover behind a convenient bit of progressive dogma: Don’t worry about the fiscal impact because America’s rising budget deficits and debt levels don’t much matter.

That’s a scary drift of thought, and it should set off alarm bells for all Americans. Vast increases in debt will ultimately compromise Washington’s ability to maintain its current array of spending programs, let alone add new ones, and threaten our standard of living.

A short history: While Republicans once were the party of fiscal responsibility, President Ronald Reagan threw that out the window by embracing enormous tax cuts justified by a fiction: the idea that the resulting growth would more than pay for them.

More than a decade later, President Bill Clinton nursed the budget back into surplus, only to have President George W. Bush force through his own tax cuts. His vice president, Dick Cheney, once reportedly said, “Reagan proved deficits don’t matter.”

That attitude, plus the puncturing of the dot-com bubble, two wars and a financial crisis, brought us our first $1 trillion gap in 2009. But by 2015, President Barack Obama had whittled the deficit down to $439 billion.

Then came President Trump, with his vast tax cuts along with a bipartisan move to abandon spending restraint with the fiscal 2018 budget. The resulting legislation added $400 billion to the deficit, according to an estimate from the Committee for a Responsible Budget, and the consequence is a deficit for the current fiscal year of nearly $900 billion.

(...)


nyt
revelette1
 
  1  
Reply Mon 11 Feb, 2019 09:32 am
@hightor,
Which is why I agree with Pay As You Go concept. I believe in social programs I just believe we have to find clever ways to support and pay for them which doesn't hurt those we are trying to help with those programs.
revelette1
 
  4  
Reply Mon 11 Feb, 2019 09:34 am
Paul Krugman: Trump Versus the Socialist Menace
hightor
 
  4  
Reply Mon 11 Feb, 2019 09:41 am
The spirit of science runs strong here:

Fox News host Pete Hegseth has confessed on air that he has not washed his hands for 10 years because "germs are not a real thing".
0 Replies
 
izzythepush
 
  4  
Reply Mon 11 Feb, 2019 09:56 am
@revelette1,
What you should be asking yourself, is why as a country you spend more per capita on public medicine than us, yet you don't have UHC. That's the real scandal.
MontereyJack
 
  2  
Reply Mon 11 Feb, 2019 10:00 am
@revelette1,
Krugman nails it again. Trump fails it again.
revelette1
 
  2  
Reply Mon 11 Feb, 2019 10:06 am
@izzythepush,
Well, Rome wasn't built in a day as people used to say. It takes time and patience to out argue the "social democracy" opposition. They've have had years to get their argument down pat.
InfraBlue
 
  3  
Reply Mon 11 Feb, 2019 10:23 am
@izzythepush,
I suspect that it's because public medicine is being paid for within a for profit health/medical system.
izzythepush
 
  1  
Reply Mon 11 Feb, 2019 10:24 am
@revelette1,
All you have to do is change your thinking. Free health care is a right, not a privilege. I'm not going to pay for treatment, I'm a human being, not a dog. We have to pay vets, not doctors.
InfraBlue
 
  4  
Reply Mon 11 Feb, 2019 10:29 am
@coldjoint,
You had made the point about "laws, and the right to make those laws" and about how this is meaningless to me. You then went on to demonstrate that it's generally meaningless to you too.
0 Replies
 
izzythepush
 
  5  
Reply Mon 11 Feb, 2019 10:33 am
@InfraBlue,
If certain individuals weren't making a **** ton of money out of a bloated system there would be no opposition to UHC.
InfraBlue
 
  4  
Reply Mon 11 Feb, 2019 10:46 am
@oralloy,
When Israel's existence is predicated on its refusal to abide by international resolutions and agreements in order to maintain a particular demographic majority then its existence is necessarily oppressive. It should not exist.
InfraBlue
 
  4  
Reply Mon 11 Feb, 2019 10:54 am
@oralloy,
And it all will have been done in the name of maintaining its oppression of the Palestinian people for ethnocentric purposes. Talk about fanatical extremism. ISIS and al Qaeda would have absolutely nothing on the Zionists.
revelette1
 
  2  
Reply Mon 11 Feb, 2019 10:58 am
@izzythepush,
Which is why it's not so easy to do overnight. The richest among us have been making profits off most folks here about all sorts of things, health care among them. The rich have a lot of money which goes a long way in politics.

Fortunately, after Hillary lost it seems as though UHC is not quite as a dirty word and can't really be tied to communism as easy it used to. More and more people will have had enough of being taken for fools for the rich.
revelette1
 
  2  
Reply Mon 11 Feb, 2019 11:02 am
The following is a relatively older article, but now that tax season is here and people thinking to get big refunds is coming around, there might be some deductions they won't get this year.

12 Tax Deductions That Disappeared This Year (Jan. 24, 2019)
0 Replies
 
gungasnake
 
  -2  
Reply Mon 11 Feb, 2019 11:10 am

The "palestinian" Pay-to-Slay system:

https://www.frontpagemag.com/fpm/272833/brutal-murder-jewish-teen-ari-lieberman

Quote:

....Many Palestinians maintain a death cult mentality, which is continuously stoked by religious and governmental indoctrination, agitation and propaganda. For example, in 2015 Palestinian Authority president, Mahmoud Abbas, aired a speech on PA television in which he stated “…We bless every drop of blood that has been spilled for Jerusalem, which is clean and pure blood, blood spilled for Allah, Allah willing. Every martyr (Shahid) will reach Paradise, and everyone wounded will be rewarded by Allah…”

Both sides in this debate maintain valid arguments. Nevertheless, in the unlikely event that prosecutors in this case seek the death penalty, the body of the killer should be cremated to deny the enemy the ability to give the terrorist stardom status with grandiose funeral processions and a burial shrine. All traces of the terrorist should be erased.

The tragic death of Ori Ansbacher highlights another disturbing Palestinian practice known as “Pay for Slay.” The Palestinian economy is a beggar economy subsisting on handouts from European Union nations, Norway and Switzerland. Yet this did not prevent the PA from doling out cash to more than 30,000 terrorists and their families to the tune of hundreds of millions of dollars per year. It is likely that Arafat Irfayia or his family will now receive a hefty stipend from the PA’s coffers, care of the unsuspecting European taxpayer.

In response to the Taylor Force Act, passed by Congress in 2017, the Trump administration slashed funding to the PA. The legislation, named after a U.S. soldier who was murdered by a PA Arab, aims to force the PA to cease the repugnant practice of Pay for Slay. In 2018, the administration cut $200 million in economic aid earmarked for the PA. In addition, the administration cut funding to the United Nations Relief Works Agency (UNRWA), which the State Department classified as an “irredeemably flawed operation.” That is an understatement at best. UNRWA employees have given aid and comfort to terrorist organizations, distributed anti-Semitic literature at UNRWA-run schools and permitted Hamas to stockpile rockets at its educational facilities. It is an organization that serves to perpetuate conflict rather than end it.

The brutal murder of Ori Ansbacher serves to underscore the reason why peace with the Palestinians is a far-fetched pipedream. While Israel takes action to apprehend its extremists and bring them to justice, the Palestinians provide their killers with pecuniary rewards and name streets, schools and squares after them. A society that revels in death and gore is not a normal society but is rather a death cult, undeserving of any form of statehood...



0 Replies
 
oralloy
 
  -2  
Reply Mon 11 Feb, 2019 11:35 am
@InfraBlue,
InfraBlue wrote:
When Israel's existence is predicated on its refusal to abide by international resolutions and agreements in order to maintain a particular demographic majority then its existence is necessarily oppressive. It should not exist.
Israel is not refusing anything. Those resolutions require Israel to give up land in exchange for peaceful acceptance by the Palestinians. Israel has repeatedly offered to do just that.
oralloy
 
  -1  
Reply Mon 11 Feb, 2019 11:36 am
@InfraBlue,
InfraBlue wrote:
And it all will have been done in the name of maintaining its oppression of the Palestinian people for ethnocentric purposes. Talk about fanatical extremism. ISIS and al Qaeda would have absolutely nothing on the Zionists.
By defining Israel's very existence as oppression, you make a two-state solution impossible. Without negotiations for a two-state solution, Israel will never have to give up Areas B and C.
izzythepush
 
  0  
Reply Mon 11 Feb, 2019 11:38 am
@revelette1,
We did it in 1946.
coldjoint
 
  -1  
Reply Mon 11 Feb, 2019 11:47 am
@MontereyJack,
Quote:
Krugman nails it again. Trump fails it again.

Krugman has been wrong about so many things since the election of Trump he has proven he is just a never Trump hack.
0 Replies
 
 

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