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Zrbialk's profile
Ron Bialkowski
Ron Bialkowski
Ron Bialkowski
@Zrbialk

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Ron Bialkowski

@Zrbialk

High School Teacher of History and Psychology. Ph.D. in European History "Really stirred when adequately shaken."

Castro Valley, CA
Joined April 2018

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    1. Ro Khanna‏Verified account @RoKhanna Jan 2

      Ro Khanna Retweeted Warren Gunnels

      I will be voting NO on the Rules package with #PayGo. It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history. @paulkrugman @StephanieKelton @RBReichhttps://twitter.com/GunnelsWarren/status/1080318713331617792 …

      Ro Khanna added,

      Warren Gunnels @GunnelsWarren
      In order for #PayGo to go into effect, it needs to pass the House. If some 18 Dems vote no, it fails. The vote will take place on Thursday. Will enough progressives have the courage to vote no on the first roadblock to #MedicareForAll, #GreenNewDeal & #CollegeForAll? Let's see. https://twitter.com/ddayen/status/1080291053930856448 …
      648 replies . 3,225 retweets 11,499 likes
      Ron Bialkowski‏ @Zrbialk Jan 2
      Replying to @RoKhanna @paulkrugman and

      You seem to be confusing stimulus at a time of economic crisis with social spending without funding. If we are going to invest in ourselves, then we should bloody well pay for it (i.e. RAISE TAXES). We've already seen what reckless borrowing does in other economies.

      7:00 am - 2 Jan 2019
      • 16 Retweets
      • 198 Likes
      • Alisa #SpeakerPelosi 🇺🇲USAF vet 🌈✡️ #Resist Jane Bangert David Milliken Annoyed Norwegian Sydra AW Robert Hurtado J Allen Jim Gallagher
      31 replies . 16 retweets 198 likes
        1. New conversation
        2. Edna "Protect Rule of Law" Moran‏ @kidlitedna Jan 2
          Replying to @Zrbialk @RoKhanna and

          ??? Who's side are you on? Certainly no Main Street America's. :/

          2 replies . 0 retweets 1 like
        3. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @kidlitedna @RoKhanna and

          I believe in transparency. I think we should be honest about tax hikes with the general populace. That said, I favor higher inheritance tax, capital gains tax, and a removing the cap on taxable income for social security. I favor higher rates of upper income earners.

          2 replies . 0 retweets 2 likes
        4. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          It's a matter of perspective. I'm risk averse and I would prefer to line up the resources before making financial commitments. The House can suspend PayGo rules on any bill, but the provision means that they have to vote for it.

          1 reply . 0 retweets 1 like
        5. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          If you have Paygo, this means that any progressive measure actually needs to be proposed with adequate revenue. In a Democratic House and Senate, it would not matter because all legislation would have a real chance of passing and the votes would count.

          1 reply . 0 retweets 2 likes
        6. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          With a Republican Senate, paygo means any legislation with actual new revenue could be used against Democrats who vote for it in 2020. Democrats in swing districts therefore would feel far less pressure to support legislation that would never pass a Republican

          1 reply . 0 retweets 1 like
        7. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          Senate because they could be attacked for voting to increase taxes. If you remove paygo, then progressives can more readily guilt moderates into supporting new programs without fully stipulating the funding mechanism.

          1 reply . 0 retweets 0 likes
        8. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          It was easier to propose bills in the minority because nobody had to commit to any funding mechanism.

          1 reply . 0 retweets 0 likes
        9. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @kidlitedna and

          This is all about how many times do you take hard votes. In a crisis or recessions, the House would readily vote to suspend PayGo rules. Deficit financing to kickstart a shrinking or anemic economy is Keynesian economics 101.

          1 reply . 0 retweets 1 like
        10. 1 more reply
        1. New conversation
        2. AmorGaia‏ @AmorGaia Jan 2
          Replying to @Zrbialk @RoKhanna and

          You need to learn Modern Money Theory (@DeficitOwls) And read thishttp://rooseveltinstitute.org/deficit-nine-myths-we-cant-afford/ …

          2 replies . 0 retweets 12 likes
        3. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @AmorGaia @RoKhanna and

          Ugh. We are close to full employment; you generally don't expand deficit financing at such a moment. I also argued for progressive taxation to support programs. In English, this means you raise rates on higher earners to support programs for everyone.

          4 replies . 2 retweets 7 likes
        4. AmorGaia‏ @AmorGaia Jan 2
          Replying to @Zrbialk @RoKhanna and

          https://youtu.be/TDL4c8fMODk 

          1 reply . 0 retweets 0 likes
        5. AmorGaia‏ @AmorGaia Jan 2
          Replying to @AmorGaia @Zrbialk and

          I find this so exciting. It frees us from a tremendously destructive paradigm that makes a good case for abandoning capitalism altogether as just hopelessly exploitative. If our capitalism looked like this our lives would be totally different

          1 reply . 0 retweets 2 likes
        6. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @AmorGaia @RoKhanna and

          I prefer Elizabeth Warren's recipe for framing markets to promote equity to a belief that wealth can be magically created. Monetary policy reflects calculations made by the Federal Reserve in reaction to domestic and international economic developments.

          2 replies . 0 retweets 0 likes
        7. AmorGaia‏ @AmorGaia Jan 2
          Replying to @Zrbialk @RoKhanna and

          You sound like you are knowledgeable so hope you don't mind my questions: don't we just "magically" create money right now?

          1 reply . 0 retweets 0 likes
        8. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @AmorGaia @RoKhanna and

          We float bonds that are purchase by mostly domestic and foreign financial institutions. The critical figure is debt as a proportion of GDP; as it increases, the propensity for risk increases. Right now we are at close to 80 to a 100 percent.

          2 replies . 0 retweets 0 likes
        9. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @AmorGaia and

          By comparison, Greece stands at roughly 200 percent. In 2006-2008, we were at 40 percent and Greece was at 100 percent. Major financial crisis increase the percentage because of an increase in expenditures (understandably) and a shrinking economy.

          1 reply . 0 retweets 0 likes
        10. 6 more replies
        1. New conversation
        2. devg‏ @devg_ Jan 2
          Replying to @Zrbialk @RoKhanna and

          You can not first have a huge tax cut for the rich and then call for #PayGo! Until the tax cut is cancelled, there should be no #PayGo (and maybe not later either).

          22 replies . 68 retweets 477 likes
        3. SriTal‏ @SrikanthTalagad Jan 2
          Replying to @devg_ @Zrbialk and

          You know how laws work. Right? Are we going to repeal tax law? Is that the plan? What are we going to replace with?

          1 reply . 0 retweets 0 likes
        4. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @SrikanthTalagad @devg_ and

          By repeal, he probably means to adjust rates to ensure revenue pre-2018. Still, the changes to all individual rates and deductions make the question more complicated. In crafting a tax cut benfitting mostly corporations and upper income earners, , Republicans have probably

          1 reply . 0 retweets 0 likes
        5. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @Zrbialk @SrikanthTalagad and

          ensured that future changes in tax law will be at their expense. Cuts in the rates for most Americans will be retained and the rates for wealthier Americans raised. The bill was the product of one party, so it won't have as much sticking power as a bipartisan one.

          1 reply . 0 retweets 0 likes
        6. SriTal‏ @SrikanthTalagad Jan 2
          Replying to @Zrbialk @devg_ and

          "adjust rates" So.. Our agenda is to repeal tax law? Legislatively speaking that's what needs to happen. Do we even understand how ridiculous it sounds? With R President and Senate? That ship has sailed.. Unfortunately.

          1 reply . 0 retweets 0 likes
        7. Mike‏ @NKY_Mike Jan 3
          Replying to @SrikanthTalagad @Zrbialk and

          Our pre-2018 revenue was less than it is now. Plus, there were fewer jobs, which means less contributions to SS. How about eliminating waste, like the tax dollars we give to the Audubon Society.

          1 reply . 0 retweets 0 likes
        8. SriTal‏ @SrikanthTalagad Jan 3
          Replying to @NKY_Mike @Zrbialk and

          Again. Let me reiterate / ask the question again. Are we proposing to repeal the tax law.? If we are. That's a political suicide. If you think screaming idiocy makes bills into laws and laws get repealed. Please proceed until sun doesn't exist.

          1 reply . 0 retweets 0 likes
        9. 11 more replies

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