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(Fox Business)   Larry Kudlow steps out of rehab long enough to scream about the insanity of the $31T national debt he played a major part in creating   (foxbusiness.com) divider line
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    More: Facepalm, Subprime mortgage crisis, Milton Friedman, George W. Bush, Nobel Prize, Money supply, Economics, Monetary policy, Inflation  
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1113 clicks; posted to Politics » on 12 Oct 2022 at 2:50 PM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



44 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
EvilEgg [TotalFark] [OhFark]
2022-10-12 12:02:37 PM  
Rewinding the $2,000,000,000,000 giveaway would too much. Much better to take $300 a month from seniors
 
Marcus Aurelius [TotalFark] [OhFark]
2022-10-12 12:11:53 PM  

EvilEgg: Rewinding the $2,000,000,000,000 giveaway would too much. Much better to take $300 a month from seniors


I wish iat was just $2 trillion.  They're looking at a $30 trillion hole now.  And it's getting deeper every day.
 
Gubbo [TotalFark] [OhFark]
2022-10-12 12:17:57 PM  
Is it insane though. Is there any indication that the debt payments are hampering economic growth?

Anyone want to break out the old study that said a national debt over 100% of GDP meant less growth*

*provided you very carefully cherry picked your examples
 
Mrs. Snipes [TotalFark]
2022-10-12 1:07:18 PM  
Yeah but are the corporations ok?
 
aleister_greynight [TotalFark]
2022-10-12 1:57:51 PM  
So lets go back to 1960's marginal tax rates.
 
NewportBarGuy [TotalFark] [OhFark]
2022-10-12 2:03:27 PM  
If we had invested what Larry Kudlow spent on cocaine in the 1980's in and S&P 500 fund, we'd have enough to pay off the national debt and throw a hooker and cocaine party to celebrate.
 
Mr. Tweedy
2022-10-12 2:52:24 PM  
Wonder how much Mexico would pay for Texas?
 
RasIanI
2022-10-12 2:53:54 PM  
STFU, Larry. You're not an expert of any kind.
 
Soup4Bonnie
2022-10-12 2:54:07 PM  

Mr. Tweedy: Wonder how much Mexico would pay for Texas?


They'd probably just proxy for an Amazon bid and take a cut.
 
OldRod [TotalFark] [OhFark]
2022-10-12 2:54:29 PM  

Mr. Tweedy: Wonder how much Mexico would pay for Texas?


I think at this point we'd have to pay Mexico to take them
 
robostapler
2022-10-12 2:55:05 PM  
There was a brief second where I was wondering what Lisa Kudrow has to do with anything.
 
Safari Ken
2022-10-12 2:55:33 PM  

OldRod: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

I think at this point we'd have to pay Mexico to take them


Cool, how much?
 
sdd2000
2022-10-12 2:57:40 PM  

Mr. Tweedy: Wonder how much Mexico would pay for Texas?


About as much as they paid toward the wall that TFG wanted to build?
 
Mr. Tweedy
2022-10-12 3:00:57 PM  

sdd2000: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

About as much as they paid toward the wall that TFG wanted to build?


well crap - we could throw in Louisiana - I doubt the French want it back
 
emtwo
2022-10-12 3:00:57 PM  
Economics is a theology.
 
HotWingConspiracy
2022-10-12 3:00:58 PM  
I still agree with the trumpers that the only way to save capitalism is to nationalize everything so the woke people don't get hired as executives.
 
mcreadyblue
2022-10-12 3:01:02 PM  

Gubbo: Is it insane though. Is there any indication that the debt payments are hampering economic growth?

Anyone want to break out the old study that said a national debt over 100% of GDP meant less growth*

*provided you very carefully cherry picked your examples


No indication.
 
BitwiseShift
2022-10-12 3:01:30 PM  

Safari Ken: OldRod: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

I think at this point we'd have to pay Mexico to take them

Cool, how much?


The No Ted Cruz clause would be a deal breaker.  It's ten times a much if we include Ted in the transaction.
 
Jiggatron69
2022-10-12 3:02:58 PM  
"This Goldilocks Economy will never end"

Larry 'Cocaine Cowboy' Kudlow
 
sswo
2022-10-12 3:04:46 PM  
Cow asks why we always ruminate on this worthless Kud.
 
Dr Dreidel
2022-10-12 3:07:26 PM  
So many bare asses in that op-ed it was basically Page Six.

// what do you mean, "not everyone abbreviates 'assertions' as 'asses'"?
 
DVD
2022-10-12 3:07:31 PM  
Fark user imageView Full Size
 
RasIanI
2022-10-12 3:08:14 PM  

HotWingConspiracy: I still agree with the trumpers that the only way to save capitalism is to nationalize everything so the woke people don't get hired as executives.


Its always amusing when they get tied up in knots that they sound Karl Marx, Mao or Lenin.
 
scanman61
2022-10-12 3:09:30 PM  

robostapler: There was a brief second where I was wondering what Lisa Kudrow has to do with anything.


She's very bendy
 
special20 [TotalFark]
2022-10-12 3:10:02 PM  
Fark user imageView Full Size

csaimages.comView Full Size

csaimages.comView Full Size
 
moulderx1 [OhFark]
2022-10-12 3:11:26 PM  

robostapler: There was a brief second where I was wondering what Lisa Kudrow has to do with anything.


Well, she did invent Post-IT notes.
 
fullyautomatic [OhFark]
2022-10-12 3:11:29 PM  

OldRod: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

I think at this point we'd have to pay Mexico to take them


Kind of a sad joke but I recall commenting back when Uvalde happened that we should just sell TX back to Mexico but they probably would actually charge us for it lol.
 
EyeballKid
2022-10-12 3:11:38 PM  

Mr. Tweedy: Wonder how much Mexico would pay for Texas?


It was stolen, so it should be given back.

/without any Texans knowing until it's too late to hop the border.
 
Snarcoleptic_Hoosier
2022-10-12 3:12:28 PM  

Mr. Tweedy: Wonder how much Mexico would pay for Texas?


You've got to spin it like an HGTV show about flipping property.

"Okay. Close your eyes. You're going to *love* what we did to the place"
 
austerity101
2022-10-12 3:16:02 PM  
I don't remember asking him a goddamn thing.
 
Airius
2022-10-12 3:18:54 PM  

aleister_greynight: So lets go back to 1960's marginal tax rates.


Tax code is such that the super rich don't really earn money. They just borrow against paper gains.

Need to create a net worth tax if you really want a progressive tax system.
 
TofuTheAlmighty [BareFark]
2022-10-12 3:39:10 PM  

robostapler: There was a brief second where I was wondering what Lisa Kudrow has to do with anything.


She probably knows more econ than Kudlow.
 
Ketchuponsteak
2022-10-12 3:49:47 PM  

Mr. Tweedy: sdd2000: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

About as much as they paid toward the wall that TFG wanted to build?

well crap - we could throw in Louisiana - I doubt the French want it back


I'm sure they would redo the Louisiana deal, if ethnic cleansing was possible.
 
ProbablyDrunk
2022-10-12 4:13:26 PM  

Marcus Aurelius: EvilEgg: Rewinding the $2,000,000,000,000 giveaway would too much. Much better to take $300 a month from seniors

I wish iat was just $2 trillion.  They're looking at a $30 trillion hole now.  And it's getting deeper every day.


When Obama left office, it was just over $21b. That took 40 years at minimum to amass.
 
Dr Dreidel
2022-10-12 4:24:25 PM  

ProbablyDrunk: Marcus Aurelius: EvilEgg: Rewinding the $2,000,000,000,000 giveaway would too much. Much better to take $300 a month from seniors

I wish iat was just $2 trillion.  They're looking at a $30 trillion hole now.  And it's getting deeper every day.

When Obama left office, it was just over $21b. That took 40 years at minimum to amass.


According to this, when Obama left office (end of FY 2016), the total debt was $19.5 trillion.

When Bush left office (end of FY 08) the total debt was $10T.

When Clinton left office, total debt was $5.6T.

When HW left office, it was $4T.

When Reagan left office, it was $2.6T.

When Carter left office, it was just under a trillion.

Basically, Presidents ALWAYS seem to just about double the debt - unless they raise taxes while the economy is booming.
 
DVD
2022-10-12 4:35:31 PM  

EyeballKid: Mr. Tweedy: Wonder how much Mexico would pay for Texas?

It was stolen, so it should be given back.

/without any Texans knowing until it's too late to hop the border.


_________________________________

Unfortunately for those in Mexico trying to get to a better source of income than what's available in Mexico...  Given the Texan government, I doubt the rest of Mexico would suddenly gain a better economy.  I figure that the Texan standard of living would drop to the Mexican level.

The government and power elites of Mexico don't do a good job of serving the people of Mexico.  It seems to be just about what the GOP wants for the U.S.  I also don't call the GOP a "conservative party" anymore.  It seems to be the Regressive Party now.
 
ProbablyDrunk
2022-10-12 4:50:23 PM  

Dr Dreidel: ProbablyDrunk: Marcus Aurelius: EvilEgg: Rewinding the $2,000,000,000,000 giveaway would too much. Much better to take $300 a month from seniors

I wish iat was just $2 trillion.  They're looking at a $30 trillion hole now.  And it's getting deeper every day.

When Obama left office, it was just over $21b. That took 40 years at minimum to amass.

According to this, when Obama left office (end of FY 2016), the total debt was $19.5 trillion.

When Bush left office (end of FY 08) the total debt was $10T.

When Clinton left office, total debt was $5.6T.

When HW left office, it was $4T.

When Reagan left office, it was $2.6T.

When Carter left office, it was just under a trillion.

Basically, Presidents ALWAYS seem to just about double the debt - unless they raise taxes while the economy is booming.


https://www.thebalancemoney.com/us-debt-by-president-by-dollar-and-percent-3306296
 
AeAe
2022-10-12 5:02:15 PM  
This farker is a huge coke head.
I bet you he took a huge bump before he wrote that 'article'
 
jake_lex
2022-10-12 5:42:27 PM  
Trump picked him to be his economic adviser strictly based on the fact that Kudrow kissed his ass on Fox News.
 
EyeballKid
2022-10-12 6:49:28 PM  

DVD: It seems to be just about what the GOP wants for the U.S.  I also don't call the GOP a "conservative party" anymore.  It seems to be the Regressive Party now.


Regressivism is what conservativism has always been. No need to try a "No true Scotsman" approach to it.
 
berylman [TotalFark]
2022-10-12 6:59:03 PM  

Jiggatron69: "This Goldilocks Economy will never end" Larry 'Cocaine Cowboy' Kudlow


For some reason that phrase makes me feeling especially stabby. It's right up there with 'out of an abundance of caution'
 
Aldon
2022-10-12 7:20:43 PM  
Just some facts:

US Deficit:
2016 : $600 Billion (Obama's last year)
2020:  $3.1 Trillion  (Trump increased deficit over Obama every year to finally 5 TIMES bigger)
2022 (est): ~$1 Trillion

This has been the pattern since at least the 1980's... EVERY democratic president cut the deficit during their term (Clinton left with a surplus).  EVERY Republican president exploded the deficit during their term (they also left office with a failing economy).
 
deadsanta
2022-10-12 8:14:12 PM  
Not to mention that "Smelly cat" song he earwormed us with in the 1990s.
 
cefm
2022-10-12 9:25:08 PM  

RasIanI: STFU, Larry. You're not an expert of any kind.


Yeah but he's an old white with glasses and a perpetually dour manner, so he looks the part, and that is after all the only thing that matters.
 
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