Snake Diggity

That’s really shitty of you.

Ah, yes, trickle-down economics. The tried and proven way to sustained economic prosperity for all. LoLz. Of course! Please weave me the tale of the child born into poverty who is worse off from receiving healthcare, food, and education.

That’s right, bitch.

That’s right, bitch.

Hmm. I wonder how you would define the word “advantage”. It also seems like you think the benefit of your choices should extend beyond you to other people. So you’re not about benefitting the individual, you’re about benefitting a community of people. Only, you want to define the community as only to include you and your descendants. I understand the sentiment but I think it’s really fucked up that you’re willing to sentence innocent children to a harder path. Especially considering how needless that is.

Cool. Nice rep smack. Maybe post your paycheck next.

Who said shit about race? You’re a fucking witless cliche.

Yeah but the difference is, you are universally recognized as a fucking moron (except in the fishing thread).

You didn’t answer my question but I’ll answer yours. Being born without a competitive advantage isn’t a punishment, it’s equality. I certainly believe there should be limits to the unearned advantages one child should receive over another. Not surprising at all, but ignorant, shameful, and pathetic nonetheless.

Do you both deny that access to increased capital is a compounding competitive advantage? Do you believe that wealthy people have earned a competitive advantage by simple virtue of their wealth, and that advantage should be able to be passed down to their descendants?

I’ve known for awhile that DoD isn’t the behemoth it was rumored to be. But I like that SSI and Medicare/Medicaid are tied to separate revenue streams. To me it would make the average person a lot more aware if each department’s budget was tied to separate tax broken out on people’s checks. If it was broken out like this: DoD tax HHS (Medicare/Medicaid) tax Treasury tax Social Security tax Dept of Education tax All others tax DoD, HHS, Treasury, SS, and DoE make up 87% of the federal budget. I think people would be a lot more receptive to paying taxes and more sensitive to the budget deficit (Treasury tax).

Your question demands an oversimplified answer (and yes I know you’re just repeating my own words). Roll spending back to 2018 levels (4109B). Tax at 2022 levels (4174B). That budget would balance. Any expenditures above that have to be paid for with equivalent receipts (I.e., tax increases). Any further back and forth about the viability of that becomes a much deeper argument.

I find it hard to believe there’s a 20 year lag on primary causes of inflation. Fiscal overstimulus and deficit spending certainly contributed to inflation. But if it weren’t for the other factors (Russia, pandemic), I doubt we’d be seeing inflation “back in the conversation”.

I’ve “looked it up for myself”. I don’t put myself forward as some kind of expert but you’re gonna have to put out a better argument than “I don’t care if it makes sense to you, we’re fucked”. In fiscal 2021, the average interest rate on federal debt was a record-low 1.605%. Interest as a percent of gdp is about 60% of what it was in 1991. Rates will have to stay as high as they are now for quite awhile before rates start causing a debt service crisis.

edit: I posted my reply before your last comment. I agree there might be some short term pain.

Only if unemployment is low. Hard to have the kind severe recession/depression being described by debt hawks without unemployment going up.

MLB has imposed severe penalties for going over their competitive balance threshold. It is a de facto salary cap. On top of that, like all the other leagues, they have wealth redistribution in the form of the draft and international signing pools being structured in reverse order of record. That’s kept the league somewhat competitive. Despite that, it’s pretty clear that they need further restrictions on their wealthiest teams, since their hardest working, smartest organizations cannot win it all due to lack of capital (looking at Tampa Bay), while the dumbest teams still post winning records due to their ability to spend their way out of their stupidity. You went further into the CR but I’ll respond; the Tea Party had no interest in balancing the budget. They were the precursor to Trumpism and nothing more than the right wing’s reaction to a black man becoming president. Talk of balanced budgets was bullshit. The argument that the debt will have to be paid at high interest rates doesn’t make any sense. If the debt is as crippling as you say to the economy, unemployment will go up which mean rates will go down which means the debt will be refinanced at lower rates. The only way the debt gets paid at high rates is if we somehow pay it off without wrecking the economy.

Savant shows last night Whitley averaged 94 on his fb and topped at 95.5.

If shit was “fair”, if the determining factors in financial success were simply hard work and ambition and intelligence, there would be no correlation between a person’s wealth as an adult and how much wealth their parents had when they were born. People who advocate low taxes and few govt benefits think the playing field is level; that’s ridiculous. Our society is grossly inefficient with its human resources. The potential we’ve wasted as a result of unchecked greed and fear is disgusting. Theres a reason every major sports league has some form of a salary cap. It’s because access to capital is a compounding advantage that cannot be made up in any other way. Without severely restricting the wealthiest from running away from the pack, there’s no competition, just preordained winners and losers. As it relates to tax policy, I’d be fine with a flat tax with no deductions of any kind, provided there was a massive tax on large estates (something like 90% on everything over $10,000,000). As it stands we have a progressive tax structure the allows wealthy people to end up paying a lower effective tax rate than poor people. That’s insane. I think the amount we spend on education and healthcare is stupidly low. I believe it would be pretty easy to balance our budget and fund the things I value without hurting the economy if we were able to keep politicians from being for sale, although I don’t know how that can change. As it relates to the topic of this thread, I don’t think the majority of the inflation we have seen over the last 2-3 years can be attributed to government spending. The last stimulus package that was passed in 2021 was unnecessary but the inflation we’ve seen has been more a result of supply shocks resulting from geopolitical instability and the pandemic than simply oversupply of dollars and too much govt spending.

This thread is off topic like a motherfucker.

Wtf does all this stupid ass “poor people suck, rich people are awesome” shit have to do with inflation again?

I ignore a shitload of people and have had him on ignore in the past, but inevitably any thread he posts on then turns into pages of ignored comments with no actual content. It’s annoying as fuck. Fatty in the fishing thread is solid. Fatty in the gun nut thread is fine, although I don’t go in there. Fatty in CR is stupid as fuck, but the CR is a place where you’re kind of expecting to have to read through a bunch of stupid embarrassing shit, so he’s not alone. But this thread (at some points) has held some quality discussion and it’s annoying as fuck to have him wade in here and force me to click thru his absolute stupidity.

@fattyflattieeverything you’ve said in this thread during the last 2 pages is stupid as fuck and I’m embarrassed for you. Is there any way you can not post on this thread anymore?

Spoiler alert: those dudes aren’t as educated as you think they are. Bachelor degrees from A&M don’t mean shit.

Any body got insight into the cause of the spread between PPI and CPI and when/if the gap is expected to close? PPI seems to be where it needs to be for rates to chill but Fed reacts to CPI afaik.