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Thread: How big will this year's deficit be?

  1. #731
    I'm not-low all the time

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    Re: How big will this year's deficit be?

    Quote Originally Posted by Tbird19482 View Post
    and if a dem is elected to the President it will fall on him to cut the deficit like it did on Obama
    and the right will put all the blame on him like they always do.
    I don't see it coming down soon
    Have a nice evening
    The GOP will oppose deficits the day Biden is elected. Remember this post come November 4th.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: How big will this year's deficit be?

    Quote Originally Posted by Kushinator View Post
    That's your problem. You like to assume things. Learn the difference between normative and positive economics, and stop making every response a strawman.
    Prescriptive vs. descriptive. Duh.

    So given your statement that inflation eats principle and repayment, are you in favor of or opposed to inflation?

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    Re: How big will this year's deficit be?

    Quote Originally Posted by Kushinator View Post
    The GOP will oppose deficits the day Biden is elected. Remember this post come November 4th.
    OH you can bet on that
    and it will be his fault that he didn't turn the economy around right away even if we are still feeling the effects of the CV
    no matter what if it isn't anything good it will be his fault and if it is something good it will have been somebodies else's doing
    it is always that way with the right
    Have a nice evening

  4. #734
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    Re: How big will this year's deficit be?

    Quote Originally Posted by 99percenter View Post
    What is this other forum you speak of?
    did you get my message?
    just wondering
    have a nice night

  5. #735
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    Re: How big will this year's deficit be?

    Quote Originally Posted by Tbird19482 View Post
    did you get my message?
    just wondering
    have a nice night
    yes thank you
    bears, bulls, white sox fan 4 life!!!

  6. #736
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    Re: How big will this year's deficit be?

    Quote Originally Posted by Samwise View Post
    are you in favor of or opposed to inflation?
    I've already stated my position. In fact, you even quoted the post.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  7. #737
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    Re: How big will this year's deficit be?

    Quote Originally Posted by Kushinator View Post
    I've already stated my position. In fact, you even quoted the post.
    You did? Was your position that you are in favor of inflation or that you opposed inflation?

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    Re: How big will this year's deficit be?

    Quote Originally Posted by Samwise View Post
    You did? Was your position that you are in favor of inflation or that you opposed inflation?
    Why are you obsessed with my position? If you really care, you should read the posts that you quote. Moderate inflation is preferable to negative/zero/low/high inflation. What is moderate? The between 2% and 4%.

    Now... with that said, do you have a point, or are you just wasting both of our time?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #739
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    Re: How big will this year's deficit be?

    Quote Originally Posted by Kushinator View Post
    Why are you obsessed with my position? If you really care, you should read the posts that you quote. Moderate inflation is preferable to negative/zero/low/high inflation. What is moderate? The between 2% and 4%.

    Now... with that said, do you have a point, or are you just wasting both of our time?
    I disagree that stealing 2 to 4 percent of everyone's dollar denominated wealth every year is a good thing. Compounded over tens of years that's an extraordinary amount of wealth taken.

    But thanks to the Cantillon effect, some people are happy to have all this wealth transferred their way. But I guess that's not your concern.

  10. #740
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    Re: How big will this year's deficit be?

    Quote Originally Posted by Samwise View Post
    I disagree that stealing 2 to 4 percent of everyone's dollar denominated wealth every year is a good thing. Compounded over tens of years that's an extraordinary amount of wealth taken.
    Ahh, so there it is. You're one of those sound-money folk who don't have a proper understanding of macroeconomics. And it does show!



    Even though the dollar has lost 93% of it's value since 1929, real disposable personal income per-capita has grown by more than 500%.

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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