Message to House Dems: Do NOT vote for “PayGo” in the rules package. It’s a brainless Republican idea that tax cuts or mandatory spending increases must be offset by tax increases or mandatory spending cuts. Totally disables fiscal policy.https://theintercept.com/2019/01/02/nancy-pelosi-pay-go-rule/ …
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Are you kidding??? When you hurt main street America with austerity measures you cut off economic growth. PayGo is based on fallacies.https://www.commondreams.org/views/2012/12/31/top-12-political-fallacies-2012 …
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Pay-go came from the same brain-dead party that gave us
#TrickleDownEconomics over and over again. Don't put the House in a strait jacket,@NancyPelosi -
It’s pointless asking Pelosi since she’s the one who is trying to get it through. Who needs Republicans when we have Centrists?
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... poor, with prejudice, in both senses of the word. Smells like GOP economocide! /mercifully, that's it
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cuts). They do so to take advantage of the public's (understandable) knowledge gap regarding the relative immateriality of deficits. It's simple: the GOP is trying to reduce the mass of Americans to a form of working man's poverty, using their deficits to destroy the abject /5
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.... deficits they knowingly create via their redistribution of wealth upward with consistently regressive tax cuts. The GOP has no fair tax principles; they do not believe in supply side economic growth; they know they're creating deficits (massive ones with the Trump tax ....4/
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thousandth time, hawks need to learn this). ...... Furthermore, hawks ought to have raised their concerns about deficits during the 30+ years the GOP cut taxes and reduced revenues. They didn't because they do not actually have deficit principles; instead, they embrace the ....4/
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SORRY, the above should have been "3/".....there goes my cred.
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continually placing treasuries despite the hawkish concerns about all matter of things - inflation, currency debasement, moral hazard, etc. - is the "markets'" judgment that our interest payments are quite secure (i.e. we borrow in our own currency is a fact - for the . . . /2
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During the past decade the US borrowed at the lowest interest rates available, and even deficit hawks understand the advantage to doing so: the real cost of borrowing as % of GDP is therefore quite low in a $15 trillion economy. The fact that we have had no difficulty . . . 1/
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Carol, you’re out of your element on this.
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