Chilling blog release that seeks to foment U.S. inter-generational resentment from the psychos at Fix the Debt here.
There’s been lots of talk about inequality as of late and rightly so. But generational equity is all too often not part of the conversation. Our partners at The Can Kicks Back have been very busy as of late to change that.
The Millennial-led group is spreading the word about how the economic gap between older and younger Americans has dramatically widened over the last 30 years and how government policies are broadening the divide.
A growing share of the federal budget is being devoted to payments to older Americans, crowding out investments that could enhance the standard of living for future generations.
Mounting national debt will increasingly burden younger generations. All this could lead Millennials to be the first generation of Americans to be worse off than the generations that preceded them.Seems like what these disgraced human garbage cohort are up to is to perhaps judo any of the nascent justified youthful indignation and angst taking place in view of the unjust economic policies that they face into an inter-generational resentment in order to help their political quest to deprive our most vulnerable senior citizens via their blood-thirsty proposals to cut "entitlements" so-called.
These disgraced morons are manifestly the current iteration of the most lowest and dangerously subtle form of God's human creation on the face of the earth.
That said, we can see here in this quote where they are being deceived, this is the tip-off:
A growing share of the federal budget is being devoted to payments to older Americans, crowding out investments...They have obviously fallen for the "crowding out" falsehood, this could be a tip-off towards identifying the weak point in their armor.
This is how it looks to be working for them: Start with the ex post economic accounting identity S=I, then be led to believe that it is somehow useful ex ante (by being made ignorant of the arrow of time) AND is hence causal.
IOW, "if you want to increase investment, you have to increase savings"; this is how they think our system "works"; it justifies QE; even Paul Krugman believes this btw and he isn't even with these human zombies. They among many others are ignorant of the truth of "loans create deposits" and think banks "lend out the deposits". Again they are not the only ones caught up in this falsehood.
Then, continue to be deceived that non-government sector surplus USD balances used to purchase US Treasury securities do not constitute "savings", but are rather "a loan" from the non-govt to the govt that has to be "paid back" someday, like an amortizing loan; completely false.
While the truth is the savings is actually there, it is just not in a bank account it resides in a US Treasury securities account. These USD balances in the Treasury securities account in reality are just another form of USD non-govt savings which ironically at the same time these govt-debt-phobes seem to be seeking the establishment of. They are massive hypocrites and stupid.
All of the people at this moron factory are big advocates of "investment" (as are WE btw) and I believe are ignorantly pursuing, in what I'm sure they consider a "good faith" approach, a plan to head off what they see as a future problem with the level of US Treasury securities issuance, but they are morons (I'm sorry!) who are existing in an entirely false view of our nation's economic system.
They can even agree that "there is not a solvency issue" as both Walker told Mike and Greenspan told Ryan; while being in all of the above falsehoods I have identified. If you think about it there is no logical contradiction to their thinking that there is no solvency issue while S=I. They are not vulnerable on 'solvency' we should not target that.
They completely understand that govt can always "credit a bank account" BUT, they think if these credits are just immediately transferred into a US Treasury securities account, that will make those USD savings somehow "unavailable" for investment; indeed these USD balances placed in govt securities accounts will, to them, actually prevent investment.
What is their weak link here? Which falsehood is the keystone in their arch-bridge over to the stupid? Granted these disgraced idiots are caught up in many!
What is the point of most vulnerability for them?
I assert it is their S=I falsehood which is their foundational falsehood upon which all of their stupidity is built.
Destroy their S=I, destroy them imo.
