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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (198815)	4/14/2021 1:27:24 PM
From: combjelly	Respond to of 358429

I actually haven't made that precise claim. You stated it as a fact. I realize you usually post things you don't actually mean, but... My point is and has been that as you add more debt, interest rates will naturally go up because the United States becomes a poorer credit risk (this is how credit markets work). Sovereign debt is different. A very good case in point is that interest rates for debt of developed countries, especially for the US, has been going down for decades. In fact, there were several periods where bonds were sold with negative interest rates, something you have denied. And this is despite all of the Republican administrations that ballooned the debt. I guess your remedial economics class didn't cover it, or maybe you slept through those lectures, but on occasion you need to look up from your models and observe the real world. When things are performing differently than your model predicts, you should fix the model, given that you can't "fix" reality without heavy drugs. Look, we went over all of this with Obama's stimulus package. You and other Chicken Littles were running around in circles, waving your hands and screaming about hyperinflation that was to start at any moment. I and others pointed out that there were fundamental things about the economy that you either didn't understand or were deliberately ignoring. That any inflation that resulted would, at most, be mild. So here we are some 12 years later. We never saw any hyperinflation. Not even dimly on the horizon. In fact, we spent years flirting with a deflationary spiral. You should try reality for a while.

To: i-node who wrote (198815)	4/14/2021 2:07:16 PM
From: bentway	3 Recommendations Recommended By CentralParkRanger Eric L Fast Eddie Respond to of 358429

>>The idiot is already increasing taxes on individuals, and now you're going to increase them more?<< Our wonderful president is raising taxes on people that make 400k a year or more. They are 'individuals', but as with all conservative pronouncements about taxes, it's a decepticon lie to distract from the fact that the vast majority of Americans will not have their taxes raised. I'm sure Tucker is disturbed, as HE makes more than $400k, and fed that line to you exactly as you parroted it.