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(Dallas News)   Ted Cruz worries that deficits will cause inflation and wreck American wealth. If only someone could have prevented all the deficits by doing (or not doing) something a few years that made deficits worse. Oh, who cares let's all go to Cancun   (dallasnews.com) divider line
    More: Fail, Barack Obama, Democratic Party, Tax, President of the United States, Joe Biden, United States Senate, United States presidential election, 2008, Hillary Rodham Clinton  
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363 clicks; posted to Politics » on 08 Jun 2021 at 3:16 PM (3 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



28 Comments     (+0 »)
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4 days ago  
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4 days ago  
Suddenly the GOP is concerned about deficits. I wonder what prompted that rethink.
 
4 days ago  
I really doubt took, much less pass an economy class.
 
4 days ago  
Good. Wreck their wealth and redistribute it to the rest of us.
 
4 days ago  
Apparently I never passed an English class. There should be a "he: in there. And it should have been "passed".

/Farking during work
 
3 days ago  
Why didn't you Demonrats stop us from doing that thing we did?!?
 
3 days ago  
Turns out we have to care about deficits so much that we can't possibly fund any Democratic legislation. What a funny coincidence.
 
3 days ago  
Hypocrisy is a core conservative value.
 
3 days ago  
The value of the debts owned by the rich will decrease if their is inflation!  OH NOES!!!
 
3 days ago  
*there
 
3 days ago  
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3 days ago  
Not a peep out of that asshole as Republicans ran a near-$1 trillion deficit BEFORE covid even hit...
 
3 days ago  
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3 days ago  

Weatherkiss: Turns out we have to care about deficits so much that we can't possibly fund any Democratic legislation. What a funny coincidence.


Offer not valid during devil-may-care Republican administrations.
 
3 days ago  
Enemy of Democracy says what?
 
3 days ago  
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3 days ago  

HugeMistake: Suddenly the GOP is concerned about deficits. I wonder what prompted that rethink.


It's pretty obvious. Democrat starts with "D" so they get reminded of deficits. Which are terrible! On the other hand, Republican starts with "R," which reminds them of rape. They like rape.
 
3 days ago  
the current inflation is due to supply chain disturbances.

yet, it does make an interesting assumption.  that deficits that benefit the poor cause inflation in commodities that everyone uses.  deficits that benefit the rich only inflate stock prices that enriches the asset class more.
 
3 days ago  
Cutting taxes increases tax revenue.

It's just like your home finances. If you want to pay down your credit card bill, you should quit your $50k a year job and work at McDonalds for $10/hour instead. This will inspire you to apply yourself and work harder and eventually you will make more income than you do today.
 
3 days ago  
rstreet.orgView Full Size


I don't know about the rest of you all, but I'm hoping I get to see what happens when this thing goes logarithmic.
 
3 days ago  
Inflation could wreck American wealth

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3 days ago  

HerptheDerp: [rstreet.org image 850x592]

I don't know about the rest of you all, but I'm hoping I get to see what happens when this thing goes logarithmic.


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3 days ago  
If ONLY Ted Cruz had been in office when these reckless budgets were passed. Oh, but NOW he's ready to roll up his sleeves and make sure that the peones don't get anything.
 
3 days ago  

anfrind: Hypocrisy is a core conservative value.


The core conservative value is "Conservatives should have unchecked power to do whatever they want". That's it; there are no others.
 
3 days ago  
I missed the part in my Economics class where "deficits cause inflation".

Unless someone here can explain to me how this happens, I'm going to file this in the rhetorical class of

<what my opponent did or might do> causes <some random negative event that sounds scary>

Example:
Joe Biden peeing in a public washroom causes transgender people to reproduce in public.
 
3 days ago  
Unlikely. Interest rates are low right now due to the COVID induced economic downturn. Once the Fed thinks inflation is a problem, they will crank those suckers back up to snuff the inflation out.
 
3 days ago  
He still hasn't converted from loonies to people money.
 
3 days ago  
If all this money was going to corporations instead of average people Republicans would have heralded it as the greatest government achievement ever.
 
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