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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (201186)	9/2/2023 9:44:57 PM
From: Rarebird	Respond to of 217662

Deficit spending stimulates growth because it puts money in the hands of people who will spend it. I am not talking about tax cuts or hands outs to big business, but to ordinary people who earn under 75K a year since these people will use the money to place a down payment on a home and use it for other discretionary spending, such as vacations. To be sure, deficit spending can increase the national debt big time and cause inflation. I say can because there were extenuating circumstances that brought about inflation, such as the economy being shut down, supply chains getting affected once the economy reopened and to much money chasing to few goods as a result. If it wasn't for supply chain disruptions and the shut down of the economy, I have my doubts whether inflation would have reared it's ugly head. The fact is that Biden has done a wonderful job managing the economy. His infrastructure bill is largely responsible for the strong labor market and wage growth. And wage growth and all the fiscal spending has prevented a recession from resulting thus far from all the Fed rate cuts. The problem, of course, with deficit spending is who will pay for the spending? But first I'd like to say that the conservatives from Reagan to the Bushes and Trump have racked up more debt than the fiscal spending from Obama, Biden and Clinton, much more. This is fact and well documented. So, the question is not who is opposed to deficit spending, because both sides are big spenders, but who will be the biggest beneficiary of the spending? My allegiance is toward the ordinary worker, labor; I couldn't care less about selfish rich pigs and the Fortune 500. I know how they think and operate and most of them are cheap crap. Getting back to the deficit, the way to pay it back is through taxing the top 1% and corporate America. That wasn't achieved because the Dems were lacking two votes in the Senate. That will not happen next time we control both branches of government and the Presidency. I have read your posts and those on the politics for Pros thread and I think it is mostly composed of right wing extremists and Trump devotees. Trump is beginning to get what he deserves. I will not be satisfied with jail time. I want the death penalty for inciting a riot to overthrow the government. And one other thing to tell your chumps on the Politics for Pros socially exclusive country club. The 2020 was not stolen. The American electorate is liberal, wants socialized medicine and free college tuition for families earning under 125K a year so there can be equal opportunity for all. I decided to take the high road in regard to you and not insult you because it would be to easy to do that. In contrast to you, I have control and mastery of my emotions. But you really do need to broad your horizons and try engaging in civil dialogue with people who are different from yourself and your right wing extreme views. Deficit spending can be a very positive experience like investing on margin if you manage risk properly. It is not as cut and dry as you say.