Dems eye $6T plan on infrastructure, Medicare, immigration - Page 2

Beyond fkin DOA lmfaooooo

The fkin economy is collapsed and these imbeciles spending money like there is no tomorrow.
And to top it off like one tenth of all those 6 trillion will actually go for what its meant for.

Good job NPCs, economy could leave no survivors.

Logical to veto this crap, fkin inflation can barely be stopped at this point, its like they are trying hard to collapse the country.

and not a peep from the cultists when the bulk of the money printing happened last yr under Donnie

We've had conservatives beat the inflation drum since FDR and we're already long past the point where Zimbabwe fell on its ass. I'll believe in hyperinflation when I see it.

The inflation has nothing to do with debt. The inflation is caused by multiple factors, one of which, however, is undeniably due to the extra cash, but it was a small factor. The more popular acceptable theory is a combination of supply chain disruption and Domino Effect. As the cost of pork increases, resturants will increase cost. As the cost for food increases, wages have to be increased. As the wages increase, there is a growing “fear” everything will increase so everything is increasing price. Also consider the hot booming housing park along while construction cost, wages are increasing. Finally consider high tech supply chain disruption. At some point the government cash gave out to qualified taxpayers would vanish so that effect is low. The effect of that however is more obvious in the world of investment - more retail money ever dumped into the stock market.

As far as the national debt - usually it is a scary word but in practice the US is capable of paying its downpayment. Think about a $1M house, you finance for 20% so around 3K ish a month for the loan. This is before your taxes and utility bills (which could range from $800-1000 broadly speaking.

So as long as you can pay the lender back the money, they are happy to “refinance” so you can maintain this luxury house. This means other countries like China, Japan, Germany are all happy to but US debts. Wall Street will cotninue to sell treasury notes etc.

So even if we end up with 36T, it won’t hurt the Federal governement. At the end it is a matter of “balancing” your spreadsheet and being able to pay your downpayment. It does increase pressure foe the government to cut cost (which they are not).

No country on earth is debt free. China prints money as well. We don’t hear about it in the US.

However. It is irresponsible to keep printing money (which is in essence really just periodically printing more coins and notes, but really just changing some number in the computer system). 6T is a lot.

Another way to look at national debt is publicly traded company raising captial from the stock market and going to banks for loans. Again, as long as you have assets and you can pay your loan, you can borrow 1B for all they care. If the loan does provide long term growth, yeah, borrow.

USA is spending so luch money on e-commerce but half of the money goes to people in countries like China. We are not exporting as much cheap goods. Our high tech export is hammered by shortage. If we can’t innovate and keep our technology, our GDP will fall and the economy will fail. So the infra bill (if you ignore the porks within it) is good. We do need to start paying more attention to making US stronger. Domestically, many new tech/scoentists are foreign born. We are in a situation where domestic talent is limited to certain regions. Luckily, with remote working. More people are able to relocate and kind of redistributing their taxes across rhe country (although still heavily centered in popular states like Texas).

Anyway, my point is - high national debt is economically good if we can grow our country right. It is bad if we are just spending money for a luxury experience.

nobody gives af about all this shit, mfer. stop trynna act smart or u care all about the politics shit (politics is stupid) about the economy, inflation, gas prices, national debt and other policy issues.

we are here for one thing and that one thing that affects our daily lives... and that is legalization.

nobody got time for you or johnjustice6969’s policy position on abortion rights, critical race theory, economic policy, etc

this is a Dream Act forum, stick to IMMIGRATION.

PUSSY.

^still a legend

leave it to a uneducated cunt to scream about economic collapses. not today npc.

Immigrants have an opinion and I have many.

This countrys politics will determine our future. Everything is intertwined: Dems go Left and alienate GOP, nothing happens on immigration.

Cancel culture is not gonna get this forum

And thanks for calling me 6969..it made me laugh

nobody gives af, how do u keep on rambling for the last 20 years about the same bullshit?

stay on your grind. make every 2 years count, if it happens it happens... if it don’t it don’t. Dems/GOP? nobody gives af about two sides of the same coin.

shit is tiring.. oh and there u go bringing up other topics that nobody in here gives af about... nobody is trying to cancel you here or trying to shut u up.. and since this is America, i also have every right to say that your opinion is bullshit.

cancel that, pussy.