When do you think the interest payments on the debt become untenable? I would agree current trajectory is not working well. So if we take interest rates down to zero forever then let’s discuss what knobs we have for inflation and domestic plan for increasing goods and services.
Seriously lets use MMT to plot a course out of this mess. Or do we just use the next war with China to reset our debt?
This thread isnt going anywhere so come on TNation let’s put our heads together and solve this crisis. What do you say Sisters / Brothers / Others?
In reality, ‘fixing’ this problem would start by flushing out all the hippy-dippy bullshit economics (see “closet socialists”) that has pervaded our government and treasury. From there, we could make some pretty solid progress by:
curbing our deficit spending (I didn’t say stopping, but maybe no more multi-trillion dollar bills - like ever).
Empowering the disenfranchised to work via increased US production and reduction/overhaul of welfare benefits.
Stopping income tax entirely and replacing it with sales tax. Also, close capital gains tax loopholes.
Obamacare needs to end, full stop.
Subsidize small businesses and increase tariffs on imported goods (unless they can’t be produced stateside).
Increase US oil drilling with stipulations that it must be full-bore US drilled, refined, and distributed (would consider subidizing startup production efforts). Exported oil is okay, just keep tariffs on imported oil to allow US markets to compete.
Embolden Nuclear Energy with stipulations about maintenance, disaster planning, and cleanup efforts.
Oh, and no more able-bodied fucks living off Uncle Sam’s tit.
I’m Andrew, and I approve this message. Message paid for my Andrew for president 2024
Definition of price gouging: It is this taking advantage of a bad situation, raising prices for much-needed supplies or services to an unfair, or even unethical level, that is considered price gouging .
Man, I have no idea where this may be going on in our economy. And you like to pretend it isn’t going on to justify greed.
You have misinterpreted me. I didn’t propose a new state-funded healthcare plan because I don’t agree with any of them. By default, that means I don’t agree with the Heritage Foundation’s proposed healthcare plan.
This is too situational to provide blanket statements on. I will say that the state needs to separate from it’s neoliberal dealings, but I 1) don’t know enough to provide clarification and 2) wouldn’t apply a blanket statement for. Some subsidies to billion dollar corporations could be warranted, but without getting specific about cases, I won’t get specific about the topic as a whole.
How does the federal government NOT depend on tax revenue, can you clarify what you mean by this?
He literally believes the federal government only needs taxes to make the dollar worth SOMETHING. Beyond that, they can just “create” all the dollars they need to pay for whatever they want independent of tax income. It’s magic!
If only there was some common item or good we could all agree to use as a value-note. Something that could be used both for the sale of goods and services.
