Post by Admin on Jul 24, 2021 16:25:31 GMT -6
Originally posted to FaceBook May 1, 2021 - moved here July 24, 2021
Hear me out on this one. If the way to fix the economy and bring America back to prosperity is stimulus checks and massive deficit spending, then why are we going in half measures? Eliminate the federal income tax and just let all government spending be deficit spending. Why wouldn't that work? We've already spent more this year than we will bring in with tax receipts and it's only 1/3 over. So, why bother keeping up the farce?
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Commenter #1 - Makes sense to me. What could possibly go wrong?
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Commenter #2 - You're missing the extremely valuable part of MMT (Modern Monetary Theory). Our government is not only wise enough to put the money on the table in the right places but they're also wise enough to know where exactly to take it off.
Me - I must admit that I am pretty impressed with these genius-level ideas that keep coming out of this administration and the economic leaders we have in place. These totally new tactics have definitely never been tried and led to failures before. /sarcasm
Hear me out on this one. If the way to fix the economy and bring America back to prosperity is stimulus checks and massive deficit spending, then why are we going in half measures? Eliminate the federal income tax and just let all government spending be deficit spending. Why wouldn't that work? We've already spent more this year than we will bring in with tax receipts and it's only 1/3 over. So, why bother keeping up the farce?
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Commenter #1 - Makes sense to me. What could possibly go wrong?
-----------
Commenter #2 - You're missing the extremely valuable part of MMT (Modern Monetary Theory). Our government is not only wise enough to put the money on the table in the right places but they're also wise enough to know where exactly to take it off.
Me - I must admit that I am pretty impressed with these genius-level ideas that keep coming out of this administration and the economic leaders we have in place. These totally new tactics have definitely never been tried and led to failures before. /sarcasm