Why are Republicans in Favor of Economic Collapse and Human Suffering?

I meant the tax cut Trump passed in his first year that's a large part of how he ran up 2 trillion into the national debt pre-covid.

 

I totally agree. I referenced it earlier. Still the stimulus was excessive and they can't keep doing it. The deficit is a record pct of gdp. I posted that weeks earlier in this thread i believe. Both parties know they have little flexibility in giving anything

 

As stated earlier, the full range of consequences cannot be known either way. But I would say the 'deficit' hasn't so far proven to be an issue, since Regan actually. It seems to pump more money into the active system and inflation hasn't been a problem.
Whereas, large percentages of people out of work and earning nothing has very tangible consequences and removes money from the active system.

The American debt isn't just supported by GDP, it's supported by the value of everything in the US, homes, cars., buildings, land. Sort of like your wealth isn't just your salary. The numbers are not so scary in those terms.

 

https://www.politico.com/news/2020/09/02/us-deficit-triples-2020-407798

The rising debt levels also mean that trust funds for federal entitlement programs are expected to run dry faster than previously estimated. If Congress doesn't change spending or policy to fix the imbalance, three trust funds will be depleted within the next 10 years, the CBO said: the Highway Trust Fund in fiscal 2021; the Medicare Hospital Insurance Trust Fund in fiscal 2024; and the Social Security Disability Trust fund in fiscal 2026.

 

Pgabriel you really should do some more economics. The budget of the US government is not like your budget at home.

 

The just keep printing money liberal. Thee deficit is at record levels bro

Edi: been saying this for months and it amazes me its not clear to everyone that neither side wants to do a stimulus because there is no money

That should tell you something. This is unprecedented. Normally i would say Republicans use the no money excuse when they hust don't want to do something. Right now there really is no money

 

It’s simple isn’t it? Trillions for corporations and banks and propping the stock market. But actual money to people?? If you look most countries gave way less in proportion to the former and more to the latter.

But here nahhh screw your people that struggling. It’s the same with insurance screw the poor. Again it’s simple argues all you want those are the facts though. While Bezos makes a couple hundred million a day.

 

The government gave $2,400 a month EXTRA to laid off workers and $1,200 to everyone. STFU about how more generous Europeanans are

 

Save me your ignorant misinformed sanctimonious faux outrage.

Take your time and do some actual research if you don’t know something nor understand. This country gave out a ton of money. A TON. But it didn’t go to the people it went to corporations and to black rock to buy stocks and equities etc. They did way way more in comparison to other countries.

Yeah they gave out a large amount to unemployment. But it should have just went to everyone. Now people are flat out abusing the system and still getting checks by choosing to work less hours at work but still getting the unemployment when they could work more.

But you can’t give universal money to everyone if you’re giving trillions to banks and corporations that still later lay off their employees.
And for the thousands that lost their jobs and medical insurance in comparison the US system sucks as well. I’m sorry you’re incapable of critical thinking regarding this. If you would like more articles I can link them for you. In the future years there will be studies done on it as well.

https://roanoke.com/opinion/editori...cle_ad3a2f7f-51a6-5d95-9dad-2e98be53f939.html

 

https://www.google.com/amp/s/www.pr...ve-millionaires-and-billionaires-far-more/amp

 

$2,400 a month for laud off workers is comparable to what the other countries gave

But you're missing the point. There is no mor money to give

 

Do you know what the Fed has done for the past decade plus, and what measures they took in March to prevent the run on the repo and stock market from turning into a full blown panic?

Also, what are Fed Powell's thoughts on the latest stimulus news regarding talks being stalled?

"Having money" is not the issue.

Taking political "credit" for adding trillions onto the balance sheet is.

 

You don’t get it at all. Unemployment should have stayed the same because there is and will continue to be massive fraud in multiple ways. And no means to stop it from the sheer volume of people on it. It should have been universal. Put it another way that may help you. This country gave out tremendous amount of stimulus but the ratio of what was given to higher income through tax breaks and corporations is much higher than other countries. And if you don’t get that you are simply lost in what that comparison means.

 

Unemployment went up because the country had to shut down

 

Do you think it benefits the average American for companies to go bankrupt?

 

You should be glad there is no IQ test minimal grade to post on this forum.

 

No, but you know what does benefit the average American?? Corporate stock buy-backs and a Federal government that's allowed to speculate on the stock market as if they're your crazy uncle that lives in a house boat.

 

So there was no shut down?

 

Stocks can be bought by anyone. Avg Americns retire on invetstments

 

fiat money - you can always print more

And remember, stimulus money doesn't stay with people. They quickly spend it on goods and services, that support profits, that supports stocks And it supports banks, that create wealth through money multipliers. And they all pay taxes on all that.

Think blood transfusion that saves every organ in the body