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Decreasing government demand for money to borrow should hold down interest rates and inflation.

Decreasing government demand for money to borrow should hold down interest rates and inflation. | A WELL DESIGNED PLAN TO BETTER CONTROL DEFICIT SPENDING, AND MAKE CUTS TO OUR NATIONAL DEBT SHOULD BE A BI-PARTISAN PRIORITY. "AGGREGATE DEMAND," FOR GOODS AND SERVICES IS WHAT CAUSES ECONOMIC GROWTH AND CONTRACTION. OUR CONTINUED LOW UNEMPLOYMENT PRESENTS A UNIQUE OPPORTUNITY FOR SERIOUS POLITICIANS TO MAKE A NEEDED COURSE CORRECTION. BALANCED BUDGETS, INITIALLY FUNDED BY A SHORT TERM 1% INCREASE ON FEDERAL TAXES PAID BY ALL INDIVIDUALS AND COMPANIES WITH GROSS INCOMES OF MORE THAN $5-MILLION A YEAR WOULD BE A GOOD PLACE TO START. | image tagged in politics | made w/ Imgflip meme maker
210 views 1 upvote Made by LarryCaird 2 years ago in politics
5 Comments
3 ups, 2y,
1 reply
FUN FACT..........

Going back to 1970, whenever you get all 50 states with rising unemployment numbers it signals we're in a recession.

Welp, that started in October of 2023.
0 ups, 2y,
1 reply
Some of us don't consider "unemployment," or "recessions," to be "fun." Perhaps, you missed the fact that the economy added almost 100,000 more jobs than economists forecast for January. The economy has been growing and sustaining accumulated growth almost all of Biden's time in office. This will end one day. That is why more deficits make no sense. Early in the George W. Bush years "Deficit Hawks," noted that the GOP was spending borrowed money like "drunk sailors." When the Great Recession hit, at the end of Dubya's years, deficit spending (the classic cure for an economic downturn} was not a viable option. The Federal Reserve Bank used its power to reorganize the banking industry in the most heavy handed ways possible to jump start the economy.
0 ups, 2y
made w/ Imgflip meme maker
OOPs
3 ups, 2y,
1 reply
Dave Ramsey | image tagged in dave ramsey | made w/ Imgflip meme maker
Cut the damn spending.
0 ups, 2y
Trump disagreed with you. The budgets he submitted to Congress, before the House and Senate added a penny were swimming in red ink. For 2018, the first budget he submitted, the deficit was $770-Billion, 2019-$984-Billion, 2020-$1+bILLION, AND 2021-$966-Billion.in four years, he was estimated to hold $6.6 trillion in deficits, representing a 33% increase.

Warren Buffett among other Billionaires, are aware that they currently pay little to nothing in Federal taxes and have volunteered to pay more. Not everyone whose taxes I would raise, would happily pay more.

And, you are right, we need to make cuts, also. When I worked for VA, we proposed to sell hundreds of acres of unused land at the 900+ acre VA Medical Center in West Los Angeles. That move was blocked by politicians of both parties and the Brentwood Homeowners' Association, whose members included Arnold Schwarzenegger. We don't need to have VA Hospital Beds, especially after the Ambulatory Care Movement. in every state. The number and location of beds is a political consideration and not based on patient needs. As it is, VA Healthcare costs about one third of what private industry charges.

I am sure that other Departments could cost less, also. But, if you solve today's problems how do you get elected tomorrow?
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A WELL DESIGNED PLAN TO BETTER CONTROL DEFICIT SPENDING, AND MAKE CUTS TO OUR NATIONAL DEBT SHOULD BE A BI-PARTISAN PRIORITY. "AGGREGATE DEMAND," FOR GOODS AND SERVICES IS WHAT CAUSES ECONOMIC GROWTH AND CONTRACTION. OUR CONTINUED LOW UNEMPLOYMENT PRESENTS A UNIQUE OPPORTUNITY FOR SERIOUS POLITICIANS TO MAKE A NEEDED COURSE CORRECTION. BALANCED BUDGETS, INITIALLY FUNDED BY A SHORT TERM 1% INCREASE ON FEDERAL TAXES PAID BY ALL INDIVIDUALS AND COMPANIES WITH GROSS INCOMES OF MORE THAN $5-MILLION A YEAR WOULD BE A GOOD PLACE TO START.