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ryangrim's profile
Ryan Grim
Ryan Grim
Ryan Grim
Verified account
@ryangrim

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Ryan GrimVerified account

@ryangrim

DC bureau chief at The Intercept. Young Turks contributor. Strong Arm Press co-founder. http://ryangrim-at-gmail.com  DM for Signal.

washington
badnews.substack.com
Joined September 2008

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    Ryan Grim‏Verified account @ryangrim Sep 19

    This ⁦@CillizzaCNN⁩ assertion that raising taxes is the only way to pay for Medicare 4 all is flat out false. Did we raise taxes to fully pay for the tax cut? Of course not. It relies on deficit spending,which is the way we’ve run things for 80 yearshttps://www.cnn.com/2018/09/18/politics/alexandria-ocasio-cortez-tapper/index.html …

    6:21 AM - 19 Sep 2018
    • 338 Retweets
    • 1,090 Likes
    • Joey Peltier Paul Walworth magus_star 418 Todd Toddleston Ern Mark 🌹 #FuckTheNRA #FuckTheFCC bones Schismic Tones Left of Left
    95 replies 338 retweets 1,090 likes
      1. Ryan Grim‏Verified account @ryangrim Sep 19

        There are still other options: The Federal Reserve currently funds the CFPB, makes loans to banks, provides liquidity to central banks around the globe The Fed could easily set up a Medicare bank that would collect current Medicare taxes and pay all claims. The Fed can do that.

        6 replies 30 retweets 165 likes
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      1. New conversation
      2. Doug Henwood‏ @DougHenwood Sep 19
        Replying to @ryangrim @CillizzaCNN

        Ryan, you’ve spent too much time listening to Stephanie Kelton. This is snake oil.

        2 replies 0 retweets 4 likes
      3. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @DougHenwood @CillizzaCNN

        If snake oil worked for 80 straight years, I’d keep rubbing it on my skin, wouldn’t you?

        2 replies 2 retweets 29 likes
      4. Doug Henwood‏ @DougHenwood Sep 19
        Replying to @ryangrim @CillizzaCNN

        We’ve never had deficits of 4-5% of GDP at the top of the cycle, and Kelton talks like the sky’s the limit.

        3 replies 0 retweets 1 like
      5. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @DougHenwood @CillizzaCNN

        There's a limit, of course, and the MMT people acknowledge that, but we're not even hitting our meager inflation target yet

        3 replies 1 retweet 15 likes
      6. Doug Henwood‏ @DougHenwood Sep 19
        Replying to @ryangrim @CillizzaCNN

        they never talk about the limit - but what also bothers me is giving up on, in the immortal words of the narrator of All the King’s Men, soaking the fat boys

        8 replies 0 retweets 10 likes
      7. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @DougHenwood @CillizzaCNN

        Then look at it this way: a major thing keeping us from soaking the fat boys is that we at the bottom are all fighting for scraps. So give us a full meal and then unleash us together against the fat boys.

        1 reply 0 retweets 5 likes
      8. all your fears are correct  🌹‏ @ABaczk Sep 19
        Replying to @ryangrim @DougHenwood @CillizzaCNN

        am I wrong in thinking that we could pay for a substantial portion of the cost via employer side payroll taxes, i.e. take the same money being given to the insurance industry? we could avoid raising taxes on individuals, which to me is the main bogeyman the Right could roll out

        0 replies 0 retweets 2 likes
      9. End of conversation
      1. New conversation
      2. Tim Carney‏ @TPCarney Sep 19
        Replying to @ryangrim @CillizzaCNN

        I get where you’re going but your taxes/spending conflation here hurts your argument.

        2 replies 0 retweets 10 likes
      3. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @TPCarney @CillizzaCNN

        Then why is Cillizza conflating taxes and spending? You’re making my point.

        1 reply 0 retweets 27 likes
      4. Tim Carney‏ @TPCarney Sep 19
        Replying to @ryangrim @CillizzaCNN

        I don’t disagree with you. Just saying you can’t prove taxes and spending are independent by talking about taxes and taxes.

        1 reply 0 retweets 3 likes
      5. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @TPCarney @CillizzaCNN

        Oh I see what you mean. That point is more about deficits.

        1 reply 0 retweets 8 likes
      6. Tim Carney‏ @TPCarney Sep 19
        Replying to @ryangrim @CillizzaCNN

        The fitting parallel would've been, "did the GOP need to cut spending in order to cut taxes?"

        1 reply 0 retweets 7 likes
      7. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @TPCarney @CillizzaCNN

        Right, but i was going for peak absurdity

        1 reply 0 retweets 17 likes
      8. 1 more reply
      1. New conversation
      2. Alex Doser‏ @Alex_Doser Sep 19
        Replying to @ryangrim @CillizzaCNN

        Raise taxes to pay for the tax cut?

        1 reply 0 retweets 9 likes
      3. Ryan Grim‏Verified account @ryangrim Sep 19
        Replying to @Alex_Doser @CillizzaCNN

        Absurd, right? Yet the tax cut is law anyway.

        3 replies 0 retweets 10 likes
      4. Ian Naugler  ⚡️‏ @Th3Acist Sep 19
        Replying to @ryangrim @Alex_Doser @CillizzaCNN

        You guys realize the average lifespan of a fiat currency is 27 years...right? You're policies end in disaster for everyone.

        2 replies 0 retweets 2 likes
      5. 1 more reply
      1. New conversation
      2. Sideshow Bob‏ @RUTerwilligerJr Sep 20
        Replying to @ryangrim @ggreenwald @CillizzaCNN

        Healthcare spending is over $3t per year and is expected to rise to $5t per year in 10 years. Medicare for all is not a purchase of a social good that society would otherwise not have. It is a way of spreading the cost of that unavoidable health care spending.

        1 reply 0 retweets 0 likes
      3. Ryan Grim‏Verified account @ryangrim Sep 20
        Replying to @RUTerwilligerJr @ggreenwald @CillizzaCNN

        I don’t understand why this concept is so hard to grasp

        0 replies 0 retweets 0 likes
      4. End of conversation

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