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Thread: MMT to the rescue!

  1. #21
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    Re: MMT to the rescue!

    Quote Originally Posted by JohnfrmClevelan View Post
    It's the Republicans who are close to passing such a bill, not the Democrats.
    Except the bill, like all appropriations, has to start in the Democrat controlled House. Oh, and $1000 is a lot less then $20,000
    Those who are willing to surrender their freedom for security have always demanded
    …it should also be taken from those not prepared to do so.- F.A. Hayek

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    Re: MMT to the rescue!

    Quote Originally Posted by Robertinfremont View Post
    As I recall from recent investigation, Obama dicked around for about 10 months prior to saying it was an emergency.
    What happened 300 days prior to the declared emergency? What event are you referring to 300 days prior?
    Last edited by Gimmesometruth; 03-21-20 at 05:11 PM.
    Quote Originally Posted by Paradoxical View Post
    I've told everybody to check back with me in June and if there are 75,000 deaths or more in America from the Corona Virus, I will sign off here for good.I'm gonna go with the CDC number anyway even though it will be artificially high. Even at that, it won't be close to 2 million. I doubt it will be close to 75,000. You can call be a sage at the end of June.

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    Re: MMT to the rescue!

    Quote Originally Posted by JohnfrmClevelan View Post
    How about a post with data? Something to back up your claims once in a while would be a refreshing change.
    LOL, how do I post data about a "THEORY" that has never made it beyond academic discussion?
    Those who are willing to surrender their freedom for security have always demanded
    …it should also be taken from those not prepared to do so.- F.A. Hayek

  4. #24
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    Re: MMT to the rescue!

    Quote Originally Posted by Bullseye View Post
    Except the bill, like all appropriations, has to start in the Democrat controlled House. Oh, and $1000 is a lot less then $20,000
    $20K is a ballpark figure, based on some of the larger payments I have seen tossed about. $1000/month isn't enough to help anybody.

    McConnell's plan, which is probably the only one that has a chance of getting past McConnell himself, is based on your 2018 tax return. I don't really need the money, but I would get the max, while those with lower incomes would get considerably less money, and those with no taxable income in 2018 probably just get left out.
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    Re: MMT to the rescue!

    Quote Originally Posted by Jetboogieman View Post
    Price stability and inflation.

    We’ve never been here before so we have no idea what will happen.
    2008 great recession.
    1930s great depression.

    We've been here before. Although, not virus induced.

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    Re: MMT to the rescue!

    Quote Originally Posted by Captain Adverse View Post
    1. 2 Trillion more in Federal debt?

    2. We end up paying for it in the long run, at least those of us not in the tax exempt brackets.

    3. What process will be used to make sure the money is spent on "rent, mortgage payments, and other 'critical'" needs?

    4. What is the cut-off? $100,000 p/yr wage earners and above?
    Don't vote For R or D. If one is concerned they will bail out the economy in bad times.

    R's seem to have the largest bailouts. At least by recent history.

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    Re: MMT to the rescue!

    Quote Originally Posted by Bullseye View Post
    Why would it be hypocritical? We'd just be supporting our countries recovery giving money to actual people with actual needs rather than handing money out for non-existent "shovel ready jobs" and Democratic Party re-election slush funds.
    Handing out money is perfectly fine.
    As long as it goes to people with needs as opposed to having people do some work for it. I see. Actually, no I don't.

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    Re: MMT to the rescue!

    Quote Originally Posted by Bullseye View Post
    LOL, how do I post data about a "THEORY" that has never made it beyond academic discussion?
    When I talk about this "theory," I am very specific about how the federal government finances itself RIGHT NOW. There isn't much about MMT that is theoretical.

    Other schools of thought, that said QE would lead to massive inflation? THAT'S theoretical. When MMT said that QE would not lead to massive inflation? THAT was theoretical. (QE didn't lead to inflation, btw, so we were right on that.) Whether or not these plans will preserve the economy? That's theoretical stuff, and what I was hoping we would be discussing eventually.

    But the mechanics of federal funding are objectively verifiable facts.
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    Re: MMT to the rescue!

    Quote Originally Posted by Drawdown View Post
    Just now figuring out that low income people aren't getting as much, huh? Under the Senator proposal unless you paid in at least $600 in 2018 taxes you will only get $600.00 and not the grand everybody else is getting up to whatever cap they have.
    The poorest of poor people don't really need to eat as much as everyone else.
    And, their monthly bills are less also.

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    Re: MMT to the rescue!

    Quote Originally Posted by Drawdown View Post
    They got theirs with the Earned Income Credit.
    The bailout package already gave EIC people money? Link?

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