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$908 billion coronavirus aid package gains momentum in Congress

Discussion in 'North American Politics' started by Stevicus, Dec 3, 2020.

  1. Stevicus

    Stevicus Veteran Member
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    $908 billion coronavirus aid bill draws conservative backing in U.S. Congress

    Looks like they might be able to reach a deal.

    Even some of Trump's supporters are in favor of the bill.

     
  2. sun rise

    sun rise "This is the Hour of God"
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    That would be nice. But Mitch is throwing shade on it saying Trump won't sign which is totally not surprising. I don't believe him. I just think he's reveling in being Mr. NO NO NO NO.

    I hope I'm wrong
     
  3. Stevicus

    Stevicus Veteran Member
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    Well maybe he'll be visited by three ghosts and then wake up Christmas morning totally transformed. The people of Whoville may even invite him to carve the roast beast.
     
    • Optimistic Optimistic x 2
    • Creative Creative x 1
  4. Audie

    Audie Veteran Member

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    Maybe some day people will wonder if a crippling national
    debt was the best way to fight it.
     
  5. fantome profane

    fantome profane Keep safe, and keep your neighbours safe.
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    Well you know no one wants to do any drastic, like wear a face mask, keep some distance, and wash your hands. So instead they get hundreds of thousands of dead and crippling debt.
     
  6. Audie

    Audie Veteran Member

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    So it seems.
     
  7. Left Coast

    Left Coast Happy New Year!
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  8. Left Coast

    Left Coast Happy New Year!
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    Do we seem crippled by it? There is more than one school of thought on the usefulness or harmfulness of national debt. Government spending that puts more money in regular people's pockets is economically stimulative.
     
  9. Left Coast

    Left Coast Happy New Year!
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    @Audie, taxes help us pay for things. I don't think anyone believes debt should be infinite. Government needs revenue. However, that doesn't mean debt = bad, which is the right-wing economic frame that most people have absorbed.
     
  10. Audie

    Audie Veteran Member

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    As credit card debt goes up it may well seem as if its a good deal, free money. It catches up though, sooner or later.

    If national debt is a good idea, why have any limit, why even have taxes?

    Hoe much does the USA waste, send overseas
    Just servicing the current debt?

    Its yiu guys country, do as yiu like, but it looks. Ray to me.
     
  11. Left Coast

    Left Coast Happy New Year!
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    Countries are not like people. National debt cannot be compared 1:1 with personal debt. That said, even personal debt is not all bad. Debt is extremely useful. It enabled me to go to graduate school. It enables us to make large purchases that we don't have all the up front cash to pay for all at once.

    On a national level, we print our own money. When a government literally creates its own currency, the economic logic changes. I'm not an expert in this field by any stretch, but here's some additional reading:

    A very detailed walkthrough of Modern Monetary Theory, the big new left economic idea
     
  12. Audie

    Audie Veteran Member

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    Debt equals bad equals conservative/ most people is just silly

    I did delete the "infinite " post, poor wording.

    But when do you stop? It can't just keep going up.

    Politicians though find it unsafe to call for more austerity and more taxes so it just goes up and up. Then what?
     
  13. Left Coast

    Left Coast Happy New Year!
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    I agree, it is silly. Yet conservatives keep talking as though debt is an inherently bad thing. Not when tax cuts for the rich increase the debt though, of course. That's good for the economy, you see!

    I don't know. Economists probably have formulas to calculate that sort of thing. There is almost certainly no one magic number. There are many variables at play.
     
  14. Audie

    Audie Veteran Member

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    Come on, I deal with debt all the time.
    I know its uses and I know individuals are not governments.

    Its not useful to find a flaw in an analogy, all are flawed, it just serves to distract from the sense in it.

    Ever increasing debt will bankrupt anyone, individual, corporation or country.

    Printing more and more mone money is a good trick until it isn't.

    Throwing trillions at the germ may not have been the brightest way to fight the germ.

    That was my entire point.
    If you feel it was, fine.
     
  15. Audie

    Audie Veteran Member

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    Now you are just being snarky.

    "An inherently bad thing". Really. Quote?
    A quote that is actually representative?
     
  16. Left Coast

    Left Coast Happy New Year!
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    How should we fight the germ? How should we help people who can't pay their rent or mortgage because they're out of work?
     
  17. Left Coast

    Left Coast Happy New Year!
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    Your own post. You called our national debt "crippling." As though the fact we are in debt is somehow...inherently bad.

    It pervades conservative thought when the debt comes up. It's the whole logic behind things like zero balance budgeting.
     
  18. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

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    Don't let Pelosi see it. She will riddle it to hell with earmarks and riders.
     
  19. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

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    Some people just don't care. Money grows on trees for them.
     
  20. Audie

    Audie Veteran Member

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    As long as you include " imho" for lo,
    ' tis all that is.
     
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