Tomorrow I will also vote No on the rules package, which is trying to slip in #PAYGO.
PAYGO isn’t only bad economics, as @RoKhanna explains; it’s also a dark political maneuver designed to hamstring progress on healthcare+other leg.
We shouldn’t hinder ourselves from the start.https://twitter.com/rokhanna/status/1080472399123042304 …
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we’re not on ferenginar anymore brother, we have to abide by the hu-mon ways
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I would never have guessed. Your English is perfect.
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you make a really thoughtful point nosferatu-after-he-got-mild-plastic-surgery
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You’ve guessed my real name. Embrace it.
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well it has to beat being called balfer at least
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It’s better than Miles Prower.
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lol no it’s not
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Yep, Republicans are notorious for BIG spending. Wars instead of schools.... idk a WALL?!
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It’s not an “either-or” situation. War was necessary to the birth of our country and is necessary to maintain it. We can do that and still build schools.
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No evidence Fed deficits are economically harmful. Much evidence that Wall Street mortgage and stock issuance is very harmful
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You’re partially right . Debt isn’t harmful until it comes due . We’re in a position where we now don’t have comprehensive budgets and rely on continuing resolutions to pay interest only. When we fail to pass a budget that does so, we risk a reduction in national credit rating.
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Damn maybe undo all the tax credits for the wealthy and estate tax before we cripple dems on world saving deals like green new deal and Medicare for all.
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Deficits aren't as big of a deal as people make it out to be. It's not like your checking account. What matters for inflation is the rate of money, not the money supply. It's like the difference between the volume of a river and the flow rate. https://en.wikipedia.org/wiki/Modern_Monetary_Theory …
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I understand how it works. The more money you print the less it’s worth.
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No, that's not actually how it works. It's the *rate* of money being spent competing for the same goods and services. Velocity of money is key. Money in checking is spent more rapidly that money in savings.
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It's a ploy that allows spending for right wing priorities but not for the public good. That's not responsible, it's a way to stop popular, important public spending that would bring more economic equity. The right cuts taxes at the top, then invokes paygo to kill programs. No.
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It’s not a ploy. It’s fiscal responsibility and everyone would of have to comply. Democrats and Republicans alike.
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Sure, if by complying you mean "we've just given 2 trillion to the rich to buy back stocks and 2+ trillion more to the DoD to make planes that don't fly, now it's time to get serious about gutting programs that actually benefit the people who funded all this" Noooooo thanks.
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literally everything you said is wrong
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