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[quote=Opin_Yunated;37500096]The government doesn't need income.
Sorry but in real world Govt needs income. Even though the need for the dollar is questioned, a need for value in one form or another (dollar,yuan,bitcoin) determines what a society can do. Without income Govt would need debt in some form. That debt needs to be repaid or we live in a utopia where the sun always comes out and nothing bad ever happens.
It started in the Senate because this Cruz guy took over the leadership of the House. Lets keep up with current events. Keep trying to change recent history.
it started in the Senate because it can and often does. it only has to starts in the House if there are tax increases...
Recent history doesnt change history.. you wanting to pretend it was some historic event is nonsense..
There has to be a point of origin for dollars. It can't "collect taxes" if there are no dollars floating around.
Even keynesian economic theories say you are wrong. In fact they rely upon government generating income to pay off the dam debt you keep proclaiming is "printed", when in reality its SOLD...
you've been schooled on this hundreds of times but continue to post GARBAGE
it started in the Senate because it can and often does. it only has to starts in the House if there are tax increases...
Recent history doesnt change history.. you wanting to pretend it was some historic event is nonsense..
I guess you missed all those house bills voted on before this current house. All those bills which started and then went to Committee and made it to the senate floor, then went back to the House so the 2 houses could then go to committee to work out the differences then pass it and send it to the Pres. to sign. Yeah this group in the house does not want to work.
I guess you missed all those house bills voted on before this current house. All those bills which started and then went to Committee and made it to the senate floor, then went back to the House so the 2 houses could then go to committee to work out the differences then pass it and send it to the Pres. to sign. Yeah this group in the house does not want to work.
um yeah, thats how it works.. Sometimes the House sends the bills to the Senate, and other times the Senate sends the bills to the House.. Committees intervene in the middle to coodinate the bills so the other branches will sign them into law..
The only solution is to cut spending back to only what is called for in the Constitution. No social spending at the federal level. Let the states deal with their population and people will vote with their feet and move where there are better safety nets.
um yeah, thats how it works.. Sometimes the House sends the bills to the Senate, and other times the Senate sends the bills to the House.. Committees intervene in the middle to coodinate the bills so the other branches will sign them into law..
Remember the current Speker of the House gave up and stated that all bills would need to come from the Senate. Could not control his members enough to get votes.
Remember the current Speker of the House gave up and stated that all bills would need to come from the Senate. Could not control his members enough to get votes.
So the Speaker of the House confirmed that bills can and do originate in the Senate..
Argentina, and a number of other Latin American countries, have defaulted on their debts any number of times, and they're all still breathing quite well!
You can move there any time you want.
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Originally Posted by Opin_Yunated
There is no ****ing problem.
The national debt is money creation. Period, end of story.
Perhaps in your Wonderverse, but not in Reality.
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Originally Posted by Opin_Yunated
Inflation is economic growth.
Freedom is Slavery
War is Peace
So you can imitate Orwell. So what?
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Originally Posted by Opin_Yunated
Fallacy #1:
You are conflating microeconomics to macroeconomics. Deflation is the general trend of all prices in the economy dropping, not the cost of a Big Mac.
You only know that because I beat what's-his-name over the head with it.
Quote:
Originally Posted by Opin_Yunated
Fallacy #2:
You are simply backwards in your understanding of economics. Lower overall costs on a macroeconomic level are a result of a poor economy, not a cause.
What?
Have you ever constructed a Supply & Demand Curve?
Increase Supply against constant Demand or increase Supply faster than Demand and prices drop.
How do you increase Supply?
By increasing production.:sma ck:
If you increase production, then you increase GDP.
Quote:
Originally Posted by Opin_Yunated
Once again, your economic understanding is backwards. Prices would double due to a rapidly expanding demand for products. That is a rapidly expanding economy (i.e. "booming").
Not if production matched demand.
Not surprisingly, you ignore the impact of new products.
Quote:
Originally Posted by Opin_Yunated
Disposable income has less to do with the economy and more to do with income inequality. The economy can expand without expansion in disposable income. It's been happening for about 40 years. That's exactly what happens when 95% of new income goes to the top 1%.
The two are not related.
Quote:
Originally Posted by Opin_Yunated
Demand causes inflation. Inflation is economic growth. An economy cannot expand without increasing demand for goods and services.
Demand does not cause Inflation. When taxes or other regulatory actions increase the prices of goods and services, that's Cost-push Inflation. It has nothing to do with Demand, but thanks for your display of ignorance.
Tell us again why the price of DVD players decrease 1000% against increasing Demand.
Sorry but in real world Govt needs income. Even though the need for the dollar is questioned, a need for value in one form or another (dollar,yuan,bitcoin) determines what a society can do. Without income Govt would need debt in some form. That debt needs to be repaid or we live in a utopia where the sun always comes out and nothing bad ever happens.
Our Gov't could certainly create our currency without debt. That has been suggested by many great people in the past.
But even as our money/debt exists today, much of our national debt will never be paid off. Possibly paid down, but most likely, barring a national size catastrophe, in 10 and then 100 years our debt will be progressively larger as we grow in size, population and output.
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