President Biden: The NEW one and only politics thread

Where exactly are you getting that from? ... Because, 1) I just went to their site and all I found was them saying that the effect on INFLATION (not deficit spending) is statistically indistinguishable from zero, and 2) Even if they did estimate that. ... their work is (whether they are a hotbed of leftism. ... no idea why you said that) a bunch of projections that make all kinds of assumptions that never come to fruition because a) They can not predict with anything close to a degree of accuracy what the U.S. economy is going to do in the future. What that means is that the spending provisions (such as their extension of ACA subsidies) is a definite, while the projections of the various taxes they implemented may or may not bring in anything close to what is being projected to offset all of the spending.

This is exactly why Federal spending keeps going up on an exponential path (with some of the spending becoming mandatory, and never getting rolled back) while the bullshit revenue generators that they pretend are going to offset the spending never deliver. ... i.e. why our national debt keeps getting bigger.

 

I don't know. ... What I do know is what Congress has done over and over again. They use "pay for" language to sell bullshit about how they are paying for the trillions of dollars they have taken out of our economy (really our future economy, because they are borrowing from the future) and put into their hands to corruptly pass out. ... but those pay fors are ALWAYS complete sophistry and our national debt keeps rising.

What I also know about the U.S. economy. ... is that the monetary side of the fiscal /monetary pump has kept tax receipts very high for a freakishly long period of time since the financial crisis, and it's the only reason the amount of debt has not risen even more. Nobody should want to bank on that being there in any given year. If they don't keep pumping up the stock market, for example, the cap gains taxes they have raked in won't be there. As I said, the spending they come in with is a definite. ... and once they make it the norm it usually doesn't go away. The how they are going to pay for it stuff is NOT a definite. It's all a bunch of assumptions.