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.
Friday, September 25, 2015
Boehner is resigning. Maybe that explains some of the crying yesterday.
Just heard this news. Boehner is resigning from Congress at the end of October. Maybe the Pope got to him. He was crying nonstop yesterday. Maybe the Pope made him realize what a group of sadistic creeps he is the leader of and he doesn't want any part of it. If so, good for him. The question is, who will replace him? Another sadist?
Wednesday, October 16, 2013
Republicans show they are willing to inflict maximum pain and destruction on the United States and its citizens, for nothing.
I had a conversation with a Republican friend of mine who said this whole thing was due to redistricting and desires to avoid primaries back home and win local elections.
Bullshit. That is nothing but, utter, mind-blowing bullshit.
His comments highlight the sociopathic and single minded depravity of a party, which I used to belong.
The Republicans are anarchists. Their goal was never about getting rid of Obamacare as much as they would have loved that. In fact, anyone who thinks they would have stopped there is totally delusional.
What the Republicans want, pure and simple, is the end of goverment. The total, complete, elimination of any centralized authority perhaps only with the exception that it exist for the task of maintaining a gargantuan military.
They're not about freedom or liberty or family values or any of the jingoistic shit they talk about. They're about guns, enslavement and giving big business the free hand to do anything it wants.
They're the party of anarchy and fascism
To shut down the government, put 800,000 people out of work and bring us to the brink of default and economic collapse in return for NOTHING shows you how sick they are.
P.S. I'm not giving a pass to the Dems, either. They are a bunch of ball-less pussies who talk about great things, but do nothing. Put out fires that's about it, but only after everything in sight has been scorched.
Friday, November 4, 2011
Republicans block infrastructure spending bill
Republicans blocked an infrastructure spending bill that was part of Obama's American Jobs Act. The reason for their opposition? A 0.7% surtax on people earning over $1 million per year.
The problem is not with the Republicans, who have clearly shown that they don't give a crap about people who are not millionaires.
The problem is with the Democrats, who are divided and continue to believe that taxes fund spending. Their "fairness" rationale for raising taxes is just not working. If they understood MMT, they would say that the spending needs to be deficit spending, not "paid for" by any new taxes and that the deficit is too small and show, with evidence, that the deficit has added to income, savings and wealth of the private sector all the while as interest rates have come down.
