If Trump proposes debt default would you support it?

[RTchoke]

@Guvnah

@RTchoke

Newest media talking point.

Newest?

They’ve been pumping recession fantasies since … Trump.

True, but it’s been making the rounds with renewed vigor the past month or so

[WuWei]

@ImRightYoureWrong

@WuWei

This whole GDP multiplier you guys are espousing.

Multipliers exist in both supply side / trickle down and demand side Keynesian. The question is which is more effective. The argument against supply side is that tax cuts for the wealthy don’t create a large enough velocity because they don’t spend it.

In your example, if YOU spent the $5 instead of me, yes the multipliers are no different, in terms of a purely mathematical model. If I take $5 from you and spend it on your product, the question is: would you have spent that money anyway, and if so, how much of it?

Either way, during recessions, fiscal and monetary policy try to encourage spending, in order to create multipliers. But trickle down and direct government spending are 2 different methods, with arguably 2 different outcomes of multiplier strength (see the math in my previous post)

But if I spend the $5, I get a good or service for my money. If you take it and pay it back to me for my good or service, what do I get?

I think multipliers are a myth. Nobody has explained where the other 90 cents comes from.

[coolidge]

Obama already did that.

[Guvnah]

@Borgia_dude

Yes, I was. I’ve been posting or lurking on Hannity since it was Kerry vs Bush.

Meh. Anyone can claim whatever they want.

To be blunt, I simply don’t believe you. And you’ve given me plenty of reason not to.

[Guvnah]

@RTchoke

True, but it’s been making the rounds with renewed vigor the past month or so

Right. Russian collusion evaporated, and now the impeachment ruse is obvious to anyone not immersed in TDS libberism. So now the next mud-tossed-at-the-wall is recession.

[PurpnGold]

@Guvnah

Right. Russian collusion evaporated, and now the impeachment ruse is obvious to anyone not immersed in TDS libberism. So now the next mud-tossed-at-the-wall is recession.

It’s not a ruse. You elected a conman. A dumb one at that.

He was basically exonerated by Mueller and then goes and tries to do the same ■■■■ again with Ukraine.

Now he will be impeached for it.

[Borgia_dude]

@Guvnah

@Borgia_dude

Yes, I was. I’ve been posting or lurking on Hannity since it was Kerry vs Bush.

Meh. Anyone can claim whatever they want.

To be blunt, I simply don’t believe you. And you’ve given me plenty of reason not to.

Ok. I actually ended up eating a ban back then as I posted a call out thread.

[WildRose]

When you’re already well below what is considered to be “full employment” and have been for more than a year it is “amazing” that we can continue adding jobs at such a rate.

[ImRightYoureWrong]

@WuWei

Nobody has explained where the other 90 cents comes from.

Huh? The 90 cents is what you spend after receiving the $1

[ImRightYoureWrong]

@WuWei

But if I spend the $5, I get a good or service for my money. If you take it and pay it back to me for my good or service, what do I get?

This was already answered

[ImRightYoureWrong]

Ya that’s the talking point. Glad to hear you guys saying Trump’s job gains are so small because Obama handed him an awesome job market lol

[SixFoot]

@Guvnah

@SixFoot

The derangement is so bad, they have to make up scenarios that aren’t going to happen just to keep posting about how hateful they feel on the inside.

That’s worth repeating.

The TDS is getting pathological.

Pathologically individual. lol

[WuWei]

@ImRightYoureWrong

@WuWei

Nobody has explained where the other 90 cents comes from.

Huh? The 90 cents is what you spend after receiving the $1

He said each $1 the government spends puts $1.90 into the GDP. Where does the 90 cents come from?

[WuWei]

@ImRightYoureWrong

@WuWei

But if I spend the $5, I get a good or service for my money. If you take it and pay it back to me for my good or service, what do I get?

This was already answered

I get screwed?

[PeterGriffin]

No, I said every dollar spent adds $1.90 to GDP.

[WuWei]

@PeterGriffin

No, I said every dollar spent adds $1.90 to GDP.

@PeterGriffin

every dollar in public spending adds $1.90 to GDP

You sure?

@PeterGriffin

Public spending on a school for example. The government spends the money

[PeterGriffin]

Yes, $1in public spending adds $1.90 to GDP. Three times. You’re working really hard to not understand this which is why I’m hesitant to get sucked down this hole because you will and are going to resist it on purely ideological grounds, and that’s all you’ve done to date.

Think of what you’ve been told about supply side economics, and economic multipliers work like that with the key difference being that they actually work and are are actually credible and workable economic theory. Nobody can that about supply side eecomics. Supply side is ideological, ie politics.

[WuWei]

@PeterGriffin

Yes, $1in public spending adds $1.90 to GDP. Three times. You’re working really hard to not understand this which is why I’m hesitant to get sucked down this hole because you will and are going to resist it on purely ideological grounds, and that’s all you’ve done to date.

Think of what you’ve been told about supply side economics, and economic multipliers work like that with the key difference being that they actually work and are are actually credible and workable economic theory. Nobody can that about supply side eecomics. Supply side is ideological, ie politics.

Glad we could agree.

I haven’t opposed anything. All I want to know is where the other 90 cents comes from.

Nobody ever told me any economic theory adds 90 cents except you.

[TommyLucchese]

@Guvnah

Meh. Anyone can claim whatever they want.

To be blunt, I simply don’t believe you. And you’ve given me plenty of reason not to.

I was there and I don’t exactly slip under the radar and you guys took the wood to every single jobs or GDP report that came out that it was fake for eight years.

[ImRightYoureWrong]

It’s the multiplier. Government spends $1. The people who receive that dollar then spend .90 of the $1 they received. That’s $1.90 of spending which is included in the GDP.