Prickly City by Scott Stantis for April 30, 2021

No, a true politician would have said — "I got mine, _ _ _ _ _ you!!

/SNARK/

Sigh. Well, Carmen spoken like a truly ignorant economics student ……. in other words, a true conservative.

I’m still paying for Reagan’s voodoo egonomics.

Except when it involves tax cuts for the top 1%ers, eh Carmen?

In the year 2525

If man is still alive

If woman can survive

They may find

In the year 3535

Ain’t gonna need to tell the truth, tell no lies

Everything you think, do and say

Is in the pill you took today

Rick Evans

It’s not that bad. But if the US cuts back on immigration, gives huge tax cuts to the top 1%, while the birthrate slows, the tax base would shrink. Then we may have a problem paying Social Security, military retirements, pensions and medicare, all very popular with the working class….

We will all pay in the next few years. It will create massive inflation.

Okay, let’s saddle future generations with failing infrastructure, an overheated planet, and a depressed economy instead. So much better.

What part of investing is unclear? Bury your money in the back yard or build something that multiplies it. Not that complicated.

Interesting. No one seemed very interested in the “hundred generations that will follow us” in the 2016 – 2020 years.

Which is worse? Having a million dollars of debt on a billion dollar income, or: Having a billion dollars of debt on a million dollar income? Money spent on making it easier to make money is called an investment. We borrow money to buy houses, we do not consider that now we will have decades of crushing debt, we realize that our borrowed money investment will accrue value faster than the interest on the loan.

I really don’t understand why the "fiscal conservatives’ here so completely fails to see the difference between investment for the future and spending for fancy toys or foreign adventures.

If you can cancel student debt, can I cancel my tax debt?

That’s where Eisenhower’s 90% corporate tax comes in. He’s the last Republican President to balance the budget.

The debt! The deficit! Government is funded by taxation not tax cuts. Having a balanced budget would help but then politicians couldn’t be bribed by corporations to spend in excess.

Conservatives were adamant that economic growth would eradicate The Fat Orange Clown’s 8 TRILLION DOLLARS OF DEBT, but Cool Joe’s impetus to try to get the country out of the GOPQ’s corruption for the rich swamp means the end of Western Civilization.

The GOPQ Hypocrites and Liars are all right, all right, all right…as Matthew McConaughey would say.

Where was her outrage when Trump ran up the deficit?

Now She Complains

They will still have the roads and other infrastructure rather than paying for wheel alignment and sewer leaks.

When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed.

The most striking fact about the cost of the war in Iraq has been the extent to which it has been kept “off the books” of the government’s ledgers and hidden from the American people. This was done by design. A fundamental assumption of the Bush administration’s approach to the war was that it was only politically sustainable if it was portrayed as near-costless to the American public and to key constituencies in Washington. The dirty little secret of the Iraq war – one that both Bush and the war hawks in the Democratic party knew, but would never admit – was that the American people would only support a war to get rid of Saddam Hussein if they could be assured that they would pay almost nothing for it.

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https://archive.globalpolicy.org/pmscs/52336-how-the-us-public-was-defrauded-by-the-hidden-costs-of-the-iraq-war.html%3Fitemid=id.html

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Another example of Republican* “fiscal responsibility”.

And every bit as humanitarian as “We want them infected!”

So, now deficits are a thing…

A hundred generations? I’d like to not have to worry about bridges collapsing or dams bursting, or even not being able to contact work if I’m out in a rural area in THIS generation.