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Barry Ritholtz

@ritholtz

Time to Stop Believing Deficit Bullshit dlvr.it/S6tSCl

3:27 PM · Sep 3, 2021

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If you haven't figured out yet that all of the deficit chatter is weaponized political bullshit, well then you have not been paying attention...

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David Jolly

@DavidJollyFL

Jan 18

For context, roughly 25% of our total national debt incurred over the last 230 years actually occurred during the 4 years of the Trump administration. That's right. 25% of our entire national debt, all during the Trump years. twitter.com/SpeakerMcCarth…

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Barry Ritholtz

@ritholtz

Feb 2

LOL the people oh so concerned about "deficits + debt" but voted for: Carried interest Iraq war of choice Unfunded tax cuts Local bridges to nowhere Spending Military doesn't want Industry-specific tax exemptions Restricting Medicare's ability to negotiate prices

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“Maybe deficits start to matter at some point, but we have no idea what that point is”- Translation- I do not know at what speed we will hit a lamp post, but hey let’s increase the speed and let’s find out- said no driver ever- let alone an economic pundit that manages money!

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Care to explain? Surely you’re not implying zero at one extreme and “infinity” at the other? Your “rational middle” sounds like MMT to me.

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Maybe

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Deficit hawks resembling market permabears in terms of track record ...

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You just wait and see...any minute now.

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It is double of what that pic portends- 14 Trillion to 30 trillion is a Huuuuuge difference- they used to say in WDC that a billion here, a billion there… now we are talking real money- edition update, a trillion here and there it is huge for cronies

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Counterpoint: Japan's government has spent like a drunken sailor in the past 30 years, including massive infrastructure projects, and Japan's economy is clearly much worse off now than it was 30 years ago on a relative basis.