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Bernardo de La Paz

(56,409 posts)

1. RepubliCONners increasing deficit when economy is balancing on knife edge -- BEFORE it falls

Reply to cliffside (Original post)

Mon Jun 2, 2025, 11:19 PM

Jun 2

And it is not designed to be stimulative. Billionaires don't invest tax cuts, they park the money in non-productive assets like land and gold and crypto and artwork.

Poor and middle class put money in motion by spending and paying off debts. Taxing them withdraws money from the economy when it is given to billionaires. Consumers are about 70% of the economy. Attack consumers and you make everybody poorer (though billionaires less so).

(chart via Paul Krugman)

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Highlight:

Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times? [View all] cliffside Jun 2 OP

RepubliCONners increasing deficit when economy is balancing on knife edge -- BEFORE it falls Bernardo de La Paz Jun 2 #1

Totally agree about not being stimulative for the US economy, well it has stimulated some bank accounts I suppose ... cliffside Jun 2 #3

Totally agree. But GOPers are going to read that as we need to cut much more than in Bill. Silent Type Jun 2 #2

Thought they cried about the total debt to GDP, that was last year, do we really need the tax cuts? ... cliffside Jun 2 #4

They are looting the U.S. Treasury. Their goal is to transfer any plunderable U.S. assets to themselves not fooled Jun 2 #5

Cannot disagree with your assessment and look what is happening with public lands, increased drilling etc ... cliffside Jun 3 #6

Why elect fascists in "good times?" Economically, if nothing else? Karasu Jun 3 #7

Because we can make "MORE" money. republianmushroom Jun 3 #8

Like economics is even a word that the King (uh C-rook, uh pawn) understands? Wonder Why Jun 3 #9