Watch out. Repealing Obamacare is obviously a good thing. Inflating the debt is stupid.
Amen Senator Paul.
This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.
Why are we going into massive debt, in part, to pad the bottom lines of these companies?
The only NFL game I’ve ever been to was when I was fresh out of college and working on The Hill. And I saw it from a one of those box seats suites. The only things I really remember are that I think the Patriots were playing the Redskins, that the fried chicken was the best I’d ever had, and that in the suite it didn’t feel like I was at the game. It was like I was in a hotel bar or something.
Some people just can’t see that earthquakes, hurricanes, and (I’m not joking) alien invasions (“broken windows”) just aren’t good for the economy. This is true even if people are paid to rebuild cities or paid to wage anti-Martian warfare. It’s not complicated. But some very intelligent people can not grasp this basic concept. Some still embrace the thoroughly debunked concept of the “multiplier effect” in the economy. There is no multiplier. There is redistribution. Wealth comes from innovation and ingenuity and creation and risk taking.
Give students free money and the colleges will take it. Then they’ll raise prices. Then the students go and get more money from the government (taxpayers) and give it to the colleges again who then raise their prices. Rinse and repeat.
David Stockman and the co-Founder of ACC Hunter Lewis have both long talked about this thing that CNBC says “no one” is talking about.
Our debt has ballooned under Obama but we’ve been able to service this debt at ultra-low rates. However rates don’t stay low forever, even and perhaps especially when it feels like they will. When rates move up just a bit the cost of servicing our debt is going to increase big time. That will put significant pressure on the economy.
The Crash of 2008 didn’t just go away (as too many of us know). It still hangs over the globe. But things have changed. We now have more debt on the books and an even more emboldened political class.
Here comes the Fed…Hooray.
The definition of “helicopter money” appears to be shifting a bit. Generally it means pouring currency (printed by a central bank) into the economic system by directly depositing it into accounts. What type of accounts appears to be an open question. Whatever the Fed chooses (assuming that it does) it is a bad idea however.
How about we let rates adjust to where they should be naturally? How about we let things clear. How about we get real now,
This one isn’t an uplifter but it is a sober assessment which deserves attention. Sobriety is a valuable thing, especially when dodging icebergs.
Loaded up and on the way.
“Dolla dolla bill ya’ll…”
Or is it yen yen ya’ll?
No matter, the helicopters are in the air over Tokyo and currency is about to fall from the sky.
Watch military spending in Japan ramp up. This ought to work. We promise. This time. It’s gonna happen.
It’s your money not the government’s.
Don’t let the politicians and government apparatchiks off the hook. They spent too much for decades and all across the country politicians are calling out for more. Look to Puerto Rico, Detroit, soon Illinois, California, maybe Connecticut. Save us!
Don’t let the politicians bail themselves out. Hold them accountable.
And remember, bailouts for local and state governments are also bailouts for Wall Street which holds the bonds.
How great of the House. Thanks for setting a precedent for states like Illinois, and California which will soon see shortfalls due to overly generous government worker pensions and will soon also be begging Washington to save their overspending posteriors. By which we mean Cali and Illinois will be begging Washington to force US taxpayers to save them. I mean if lowly Puerto Rico can get a “rescue” surely mighty California can get one.