The OMB head is a moron that thinks that a currency issuer is the same as a currency user. Who appointed this guy anyway?
Trump Plans Historic Cuts Across Government to Fund Defense
Justin Sink and Erik Wasson
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
9 comments:
This isn't what we elected him to do.
We were promised big projects and spending.
Improved "Best" Health Care.
Less Regulation.
Lower Taxes.
He better fire some of his FAILING advisors PDQ.
Or in the midterms, Bernie will be back with a vengeance.
" a moron that thinks that a currency issuer is the same as a currency user. "
I dont think he gets that far Tom... he just thinks in libertarian fashion bias "we're out of money!"...
His bias does not even let him think of a 'currency issuer' to even get to the inequality...
Trump will be helping his "base" in one way:
"Opioid prevention and treatment: a proposed $500 million increase in the Health and Human Services Department to counter the epidemic and more money for the Justice Department to combat the problem"
"Opioid prevention and treatment: a proposed $500 million increase in the Health and Human Services Department to counter the epidemic and more money for the Justice Department to combat the problem"
Abstinence or punishment.
Same old same old.
In the conservative world all such problems are moral problem that can be solved either by exerting will power or making those tempted toward moral depravity fearful of swift and harsh punishment.
Tom and Matt, suppose they understood what you understand, what then? They'd implement the policies that you yourselves favour that would help the working and middle classes? There's only one segment of the government sector they love: the Pentagon and its offshoots that they pour huge amounts of money into, ensuring that it ends up swelling the coffers of the crony elites, fraudsters, warmongers and sadists they admire so much while the rest of the loot keeps the imperial war machine humming. If they could, they'd slash everything else, privatising what's profitable and leave huge swathes of the country to turn into a real life Mad Max-styled theme park, in which rich elites can go hunting and bag themselves trailer park trash. When things go down the toilet, the nanny state bails the crony sector out. That't their neoliberal dream.
Tom and Matt, suppose they understood what you understand, what then?
The would be forced to justify their policy on ideological grounds rather than erroneous arguments about affordability that are actually ideological arguments in disguise, since a lot of it is based on morality owing to the longstanding connection between debt and sin in the Western tradition.
So instead of "we can't afford" it the justification would have to be something like, "We can't do it because it is sinful."
Mike said the cuts and the increased spending were neutral.
John the knowledge would have to trickle down into the voters and then democracy would just take over...
I would just trust democracy to regulate the civil govt in a well informed nation...
but we are still existing in a libertarian utopia (hopefully we are in the beginning of the end of this era....) so 99.9999% of people just cant see or understand our current true authorities imbued in our institution of civil government...
Ref. Romans 13 via rote wrt knowledge and truth of civil government and authority... libertarians cannot receive that knowledge and deny that truth... they are dark...
Bob,
Trump is swinging it from more on the side of Soft Power back over to Hard Power... so top level financially no big change imo... continued slow grind up thru xfer payment increases ...
interest income is the only possible path to any unforeseen meaningful fiscal increases... might be happening as Fed seems determined to continue raising this year...
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