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Thread: government walls and spending

  1. #71
    Educator nitroexpress's Avatar
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    Re: government walls and spending

    Quote Originally Posted by NWRatCon View Post
    I know, this is an aside, but this post made me laugh out loud. "DHS, ICE and CBP all have "acting directors" because Trump hasn't nominated anyone. They can all be replaced at will, so of course whatever the boss says. If it was a priority, you'd think he'd put some energy into it. That you fell for the con is stupendous.
    "Some energy into it" ha ha
    Reality doesn't hurt, try some.
    To fight and conquer in all our battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting.
    ----Sun Tzu----


  2. #72
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    Re: government walls and spending

    Quote Originally Posted by Vadinho View Post
    Are you saying that fractional reserve banking by definition leads to collapse or recession? T.
    Nope. I am not saying by definition it leads to collapse or recession. In an of itself no it doesn't. However.. combined with the human element regarding greed/politics etc? I could see how it would be argued that it does.
    No.. I would say that our monetary system is inherently risky. There is inherent risk that must be recognized with our money system in particular when it comes to the creation of money or the potential injection of money into the system. . Its basically like there is inherent risk in giving keys to the car to the kid. 9 times out of 10 using the car does nothing. But there is always potential for a devastating crash. Doesn't mean that we should give up the car. or everyone should ride bicycles. But there must be recognition of the potential hazard of money creation/injecting money into the system. That largest hazard is creating a temporary boom.. followed by a crash.

    ( though we have had at least one recessions because the fed raised rates because of fears of inflation and ended up causing a recession ).

    You and John.. seem to have no recognition of these hazards. In your philosophy.. there is no potential negative consequence from say the government deficit spending (injection money into the economy)...other than "hyperinflation". and even then..you don't believe hyperinflation can happen.

    Now.. the point I have been making is.. the boom and bust cycle with the mortgage crisis.. happened because frankly.. people.. for whatever reason.. fraud if you want to say it.. or whatever... had access to money. And more mortgage than they were able to afford based on what I would consider real market conditions (actual wage income).

    People for a variety of reasons were bad actors with that access.

    Now.. if the government does lets say huge amounts of deficit spending.. here is another opportunity for a boom..and then another crash. But the potential IS there if there are bad actors. You don't seem to realize that huge amounts of deficit spending.. in the presence of "bad actors".. could lead to another boom and crash... without any hyperinflation.

    The problem is that you are ONLY looking at economics from a macro point of view. And that's not the entirety of economics. In fact.. you don't seem to understand.. and definitely neither does John..that the macroeconomics AND microeconomics.. are interdependent.
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
    Vegas Giants: "Sounds fantastic!"

  3. #73
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    Re: government walls and spending

    Quote Originally Posted by PIPEWRENCH View Post
    That is 100s of years worth of pay at the jobs salary.
    And still pennies to wealth redistribution. We currently spend over 2 trillion a year on that. Whats excessive salaries total, a few billion?

  4. #74
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    Re: government walls and spending

    Quote Originally Posted by memberya2 View Post
    america complains they are broke but instead we spend all the money in the wrong places, giving money to other countries, but instead of helping our own people i thought thats what we were trying to do "america first" we spend so much in the military and scared that if we take 1 dollar out that we will be defenseless, we dont have enough money but we have enough for a wall?
    Well, two things...

    1) The US budget is around $4 trillion. The Wall would amount to 0.6% of the budget

    2) The money for the wall is coming out of the DOD budget.
    A young man who wishes to remain a sound atheist cannot be too careful of his reading. ― C.S. Lewis

  5. #75
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    Re: government walls and spending

    Quote Originally Posted by memberya2 View Post
    america complains they are broke but instead we spend all the money in the wrong places, giving money to other countries, but instead of helping our own people i thought thats what we were trying to do "america first" we spend so much in the military and scared that if we take 1 dollar out that we will be defenseless, we dont have enough money but we have enough for a wall?
    I don't agree with the amount we spend on defense, but it's a bit of one dimensional chess to imply that defense spending isn't "helping our own people."

    For one thing, it's a massive form of wealth redistribution, the big difference between it and other forms being that people actually have to do something to benefit from it.

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