"Money is cheap."https://twitter.com/brianschatz/status/1397974502403985408 …
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Replying to @ParkerMolloy
You seem to have missed the part where borrowed money needs to be paid back some day. Also, when you are trillions of dollars in debt, it's not like contracting a single fixed-rate mortgage. Debt is cumulative. But I guess they don't teach that on Reddit.
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Replying to @baseballcrank @ParkerMolloy
People like you were happy to balloon the deficit over tax cuts for corporations and the rich. Why should anyone give a shit what you have to say now?
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The 1960 budget was $77 billion, $694.54 billion in 2021 dollars. Biden is proposing $6 trillion for 2022, almost 10x higher. But it's all the fault of tax cuts - spending has nothing to do with it.
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Oh gosh, Jack, is the $6 trillion all for just one year?! That would be astounding if it weren’t completely wrong!
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I'm happy to be wrong since it's a ridiculously high budget. This is where I got the number:https://www.google.com/amp/s/www.nytimes.com/2021/05/27/business/economy/biden-plan.amp.html%3f0p19G=0232 …
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The amount of spending proposed is orders of magnitude beyond anything in my lifetime. This is not normal.
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