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ยป Biden unveils $1.9 trillion economic and health-care relief package
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post 1628767783 01-16-2021, 11:52 AM
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#61
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More upward redistribution of wealth marketed as the opposite? Shocking.
They got little baby legs that stand so low
you got to pick 'em up just to say hello.
post 1628768673 01-16-2021, 12:05 PM
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#62
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Originally Posted By lightsarefallin
Where is thetrillion dollarscoming from, the moon?
... I guess it will come from the same place that the money came from for the Republicans' bulls*t unnecessary Iraq invasion, which cost us $3 trillion (and counting).

Of course, we all know the real answer (more national debt), but isn't it interesting that Republicans never bat an eye when far larger amounts of $$$ are pissed away on wars, to say nothing of our rediculously bloated military budget, which is very close to exceeding $1 trillion annually, which doesn't even include the additional costs of all our wars and interventions; that's just yearly maintenance of our gigantic military.

I'm no fan of the Democrats obviously, but I have to call you conservatives out on your intellectual dishonesty. If you want to call yourself an economic conservative, at least be consistent about it.
post 1628769203 01-16-2021, 12:12 PM
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#63
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Originally Posted By Boxman
... I guess it will come from the same place that the money came from for the Republicans' bulls*t unnecessary Iraq invasion, which cost us $3 trillion (and counting).

Of course, we all know the real answer (more national debt), but isn't it interesting that Republicans never bat an eye when far larger amounts of $$$ are pissed away on wars, to say nothing of our rediculously bloated military budget, which is very close to exceeding $1 trillion annually, which doesn't even include the additional costs of all our wars and interventions; that's just yearly maintenance of our gigantic military.

I'm no fan of the Democrats obviously, but I have to call you conservatives out on your intellectual dishonesty. If you want to call yourself an economic conservative, at least be consistent about it.
when they say wars "cost" 3 trillion it means that money is coming from an already agreed upon budget and is being spent within the US military complex which employees millions of people. Much of the money and productivity is then staying in the system by appreciation of these military contractor stocks like boeing lockheed, etc. Much different than just printing money and giving it to people via check.

also 3T was over the course of like 15 years, so $250B a year on top of the military budget. Not just ripping 1.5T in a month like right now
post 1628769313 01-16-2021, 12:13 PM
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#64
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Isn't the interest on your debt alone reaching heights where it'll be too hard to even keep up with it?
post 1628771463 01-16-2021, 12:36 PM
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#65
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**** Biden the racist liberal bastard .
post 1628773653 01-16-2021, 01:07 PM
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#66
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Biden is going to push for amnesty and increased immigration during a pandemic and economic crisis lmao
post 1628775273 01-16-2021, 01:32 PM
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#67
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Originally Posted By ooph
Make sure to note that they are also wanting to increase minimum wage to $15/hr through this bill...



Target can afford it... Small businesses in your community will not be able to.
My coworkers: "they'll probably exclude small businesses"
Me: "Walmart pays $15, small business pays $10....who you gonna work for?"

This is going to wreck small businesses and LCOL areas everywhere. HCOL areas already have $15 min wage. Economics not even once....
Virtue is its own reward.
post 1628776843 01-16-2021, 01:50 PM
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#68
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Originally Posted By MisterDiapers
when they say wars "cost" 3 trillion it means that money is coming from an already agreed upon budget and is being spent within the US military complex which employees millions of people. Much of the money and productivity is then staying in the system by appreciation of these military contractor stocks like boeing lockheed, etc. Much different than just printing money and giving it to people via check.

also 3T was over the course of like 15 years, so $250B a year on top of the military budget. Not just ripping 1.5T in a month like right now
To be fair, this "stimulus package" will also be spent over a multi-year period (probably 4 years), and will also be circulated into the wider economy, much of it going to workers in the same way that military spending trickles down to soldiers, civilian contractors, etc. However, since military spending includes so many ultra capital-intensive items, the trickle down effect is actually less than a typical stimulus package. For example, when you spend $2 billion to build a B-2 stealth bomber whose construction only ends up employing a relative handful of people, most of that money just goes to the shareholders and upper management of companies like Northrop Gruman, Boeing, etc.

So you could easily argue that economic stimulus spending is better for the overall good of the nation, especially if it includes infrastructure projects that employ much larger #'s of people compared to capital intensive military items.

Now, this new bill from Biden is mostly just welfare checks, but I remember conservatives throwing a similar fit over the Obama stimulus in 2009, which DID employ a ton of construction workers and such. The same conservatives who supported the Iraq War and big military spending in general.
post 1628778623 01-16-2021, 02:14 PM
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Originally Posted By rootcon
Goldman says they need 60 votes, so some Republicans will have to sign on and thus it'll likely be cut down.
I saw Marco Rubio was on board.
post 1628782053 01-16-2021, 02:55 PM
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#70
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Originally Posted By OttomanEmpire
Isn't the interest on your debt alone reaching heights where it'll be too hard to even keep up with it?
We already can't keep up with it
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post 1628782143 01-16-2021, 02:56 PM
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Originally Posted By Johnez
My coworkers: "they'll probably exclude small businesses"
Me: "Walmart pays $15, small business pays $10....who you gonna work for?"

This is going to wreck small businesses and LCOL areas everywhere. HCOL areas already have $15 min wage. Economics not even once....
I'd rather work for small businesses at $10/hr than Walmart at $15/hr

Have you seen the people at Walmart?
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post 1628783983 01-16-2021, 03:16 PM
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#72
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And amnesty to illegals during an economic crisis!!!! Brilliant!!!
post 1628796563 01-16-2021, 05:59 PM
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#73
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Brrrr. Buy BTC!
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BTC to $200k
post 1628796693 01-16-2021, 06:00 PM
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#74
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Getting rid of these insane health care premiums would help people. Pre-ACA costs.



Thanks Obama.



















JK you suck.
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post 1628801273 01-16-2021, 06:56 PM
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#75
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Originally Posted By lightsarefallin
Where is thetrillion dollarscoming from, the moon?
Economics not even once with this retard.
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