Off-Topic: Economic illiteracy on parade double time
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Name:
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MartiniMan
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Subject:
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Economic illiteracy on parade double time
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Date:
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7/23/2020 8:54:04 AM
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First of all, letting people keep more of their hard earned money is hardly welfare. Giving money to someone that didn't earn it at the expense of others and taken at the point of a gun is welfare. Second of all, deficits are deficits since all the revenue to the Treasury, whether from income or payroll taxes, count toward it. Third....yes, in times of national emergency even us mean, old, white, greedy capitalists recognize that deficit spending is necessary.
The difference between us and the left is we actually don't think that way all the time. But we also understand that close to 80% of the Federal budget is baked into the cake with entitlement programs which is why we oppose any more of them. So deficits are deficits are deficits and those of us that are economically literate would much prefer deficit spending that actually helps the economy and ordinary Americans versus being handouts to favored groups that will launder the money back into the campaigns of Democrats.
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