According to this administration, spending $3.5 trillion doesn’t cost the American people a single dollar, because it is paid for.
That is pure spin. What they are really trying to say is that the money being spent won’t increase the deficit, because the cost will be offset by increased taxation. To say that increasing taxes on corporations and the wealthy means that this trillions in spending won’t cost anything is disingenuous at best. Aren’t rich Americans still Americans?
This is what governments do: They tax and spend.
5 Comments
it's just Boris · October 5, 2021 at 8:56 am
Several questions come to mind … None of which are likely original to me.
One, if they can do this then why tax people at all?
Two, if this works, then aren’t we effectively demanding people work for free? What is that line from Ragnarok again … Not slaves, but prisoners with jobs?
Three, if it really is free, then … How much will we as a nation value it? We all know how people treat “free” housing and food, for instance.
Historic Printing Press Czar · October 5, 2021 at 9:00 am
Printing press go brrrr.
The increases at the Pik-N-Pak where things go up overnight and the almost $4 a gallon diesel, $3.30 87 octane (check local prices) don’t cost zero fiatbux.
Big Ruckus D · October 5, 2021 at 2:07 pm
Just accept that this is a neccessary component of the collapse that will level all the decades long bullshit. The debt has to become so untenable that the bluff will finally be called, resulting in destruction that will rival the collapse of a black hole.
Yes it will suck badly. Many of us won’t live to see anythng better come out the other side, presuming such even remains possible. But, collapse and the destruction it will inevitably bring appears to be the only thing that will ever halt this postmodernist hellscape and force something different to be tried. We do not wipe out all the accumulated baggage of bad govt, bad law, bad corporations, endless databases of ill gotten private info in the hands of all the above, along with bad medicine and a shit-ton of fundamentally bad humans without some event that forces it all to go away. An orderly unwinding is not in the cards, as too many have too much to lose for that to ever be allowed.
The complexities of modern society and the utter reliance on them by nearly everyone will be the undoing of most. Those complexities and the scale of population they’ve enabled over time will only be backed out by the force of some exogenous event. Said event, short of a truly massive spontaneous natural disaster, is most likely to be triggerred by govt failing, and such govt failure likely brought on by financial ruin, leaving govt unable to keep playing the game. Since the game is predicated on spending that which they don’t have, the mechanism to collapse the whole rotten edifice is to destroy the money underpinning it all. And here we are.
Don in Oregon · October 5, 2021 at 7:29 pm
“increasing taxes on corporations”
Corporations don’t pay taxes, they collect them. We, the consumers, ultimately pay for everything.
SiG · October 7, 2021 at 9:42 am
“doesn’t cost a single dollar” as in Free. As in There Ain’t No Such Thing As A Free Lunch – TANSTAAFL.
The correct term is “revenue neutral” – which I can’t believe either.
Comments are closed.