Who are the two Dems that voted for the Trump-backed bill?
Who are the two Dems that voted for the Trump-backed bill?
And it was wasted on tax breaks for billionaires not one good investment in the whole pile.
and now, dt wants the debt ceiling removed ???? that's not what he ran on >>>>> feel lied to yet magas ????
Where was this speech in the months leading up to the election?
💙
Jeffries should be on every morning show tomorrow telling everyone the truth!
🙌🏼🙌🏼🙌🏼
We're coming for all of you. We're sick and tired of being sick and tired. Quit saying such hollow talk and take fucking actions. Hold traitors accountable for one. They admitted it and y'all just say, here's the keys. We're pissed. Fucking pissed. hold them accountable. Don't just use strong words
And let's not forget that Trump delayed Covid checks to needy households WHILE HIS NAME WAS PRINTED ON THE CHECK like it came out of his pocket! (and his idiot supporters thought it had).
Think about it. If you were the cause of 450,000 pandemic deaths,[*] wouldn't you want you name clearly printed on the checks? You know, for attribution. [*] Forbes, Feb 11, 2021.
"Ever" is my favorite part!
And they want to cut taxes for the wealthy again!
Thank you, Hakeem Jeffries!
Man I hate the GOP
Also, the ONLY responsibility the Federal govt needs to exercise when spending is when there is literally not enough "stuff" or "labor" to buy. That's when you hit inflation. If there's something to purchase, the Fed can afford it. Med4All Free Higher EDU Jobs Guarantee We can afford it all.
This was a fantastic speech. I encourage anyone to watch the full thing. www.youtube.com/watch?v=vzc3...
Exactly!
No one spent more than the $8.4 Trillion that Trump spent in a single term. Not Obama. Not Bush. Not Biden. No one. And he's ramping the spending back up already as we speak.
Lets see where it will go in the coming 4 years…
I don’t understand why anyone thinks Trump is good for economy ?!
Because of that damn tv show the apprentice. The producers came out disgusted that they contributed to building the illusion
They don't care about the economy - they care about hate & grift.
He's not. He's good for their racism...
And for disappearing the people who pick their food crops and butcher their meat. Seems sorta short-sighted but that phrase describes Trump perfectly.
If he had one iota of sense or understood business, tariffs, economics, etc….but he doesn’t
I'd say he is good for oligarchy - why Elon is on the Trump train
He’s not but his idiot cult believe any- and everything he says. We tried to tell them but would they listen? Noooo
Delusion. Cult-like madness. Cognitive impairment.
🔥🔥🔥
Please carry this out to corporate media network! American people need to hear this not just congress! Get out in front of Americans now & stop playing nice while letting republicans make false claims!
Imagine some rich criminal driving his gang up to your house, telling them to kick down your door and steal your possessions while the cops sit back counting their bribes. Right wing billionaires have bought a big part of our government. It's time to get a new sheriff and kick the criminals out.
Truth! Thank you, Hakeem Jeffries💙
Thank you, Leader Jeffries!
Jeffries for speaker ASAP! Mush for deportation.
Jeffries… Why are you now making a fuss about it when the time was BEFORE the election. That’s a big deal.
I love him. He is seriously wonderful.
It's what they're good at...
And this Time Mag made Trump person of the year...
It's nauseating.
I love it when the Dems MOP the floors with the LIES and HYPOCRISY of the RETHUGS!👍😁
Sadly, I have to remind everyone that it took the Great Depression to stop them the last time. And the Great Depression did not discriminate.
Yup. Now throw in Fedo W. Bush's debt and the picture becomes much clearer.
Bush took $1.4 trillion from the Social Security trust fund to fund his Iraq war because he said there was weapons of mass destruction and it was all a lie. He’s the biggest fucking grifter on earth especially being a president. He’s a human garbage bag but soon he will be gone just like the rest
Now he wants to raise the debt limit again.... we can only imagine why! start by allowing his corporate friends' tax holidays again? Of course he wants it on this budget so he can blame it on Biden!!
EVER 🔥Good god I can’t wait till he gets to be speaker
Thank you, Congressman Jeffries. GOP gaslighting is gross. Similar to the Fairytale of Trickle Down, we have listened to decades of Deficit Pearl Clutching when historical data shows that Republican administrations typically increase the deficit while Democratic administrations reduce it.
Can't wait for the day he becomes Speaker of the House and the clown caucus is gone.
2020-2021: In response to the COVID-19 pandemic, the national debt rose sharply due to extensive relief measures. In 2021, the debt increased by approximately $2.48 trillion, marking the largest annual increase observed.
So in 2020 when Trump was president the budget deficit for the physical year 220 increased to $3.3 trillion or 16% of the GDP more than triple the amount for 2019 and the largest percentage GDP since 1945 all that fucking orange guys fault
Fiscal …… it’s a speech thing
Neither party has any idea what fiscal responsibility is. Both the Republicans and Democrats are obsessed with spending money that isn't theirs, because they receive no consequence for mismanagement. Taxation is theft, and so is money printing.
The establishment for both parties is the same
Correct
You respectfully speaking, are misinformed. Most of democratic spending is to boost economic growth and support infrastructure into the future. Most of Republican spending is allegedly hush money, or net spending through shifting the budget into corporate pockets.
Is that what you call over $60 billion dollars of weapons to Israel and Ukraine, infrastructure?
Technically speaking there's roi on those investments. Not to mention the preservation of our allies leads to a much higher global trade capital. We're also not spending 60 billion in liquidity. We're loaning 60 billion of existing equipment. I'm not sure you grasp this concept.
I don't consider getting thousands of people killed a good investment. Besides all that equipment needs to then be delivered and backfilled, and that costs money. I also don't buy the increase to global trade since the US sanctioned the shit out of Russia, and Ukraine's workforce is depleted.
Lol..
Sorry, you cannot both sides are the same on this one.
Taxation is not theft. It's the thing that makes money have value. Without it, the inflation we'd see would make Zimbabwe blush.
Incorrect on all fronts. Taxation is the confiscation of money through coercion; therefore theft. A money has value because it is recognized by the market as a reliable medium of exchange. Inflation is a monetary phenomenon where there are too many dollars chasing too few goods.
🫶🏽 Waiting to see how they will spin this shutdown if nobody bails them out? 🧐 All those people are about to learn a hard lesson when those checks stop & the Military have to go to work w/o pay! 🤦🏽♀️😶 No disaster money either!!! (Hope Mother Nature can wait...)
American voters don't realize that while Democrats are socially liberal, they make every penny of public money stretch so that all in the U.S. can partake in great things. This makes Democrats fiscally conservative. Republicans? In that party, it's every man for themselves!
Exactly! If you’re really trying to vote to protect and improve our economy… …then you #VoteBlue all over the ballot in every election… …because DEMOCRATS ARE ALWAYS BETTER FOR THE ECONOMY!!!
COLOSSAL MISINFORMATION ‼️‼️
The economy always does better under the Democrats. It’s a known fact.
Inclusion and diversity is the strongest mix on the planet. Nobody gets it better than Dems.
Nobody then democratic voters and constituencies- the democratic leaders and political mandarins (minus a few) do not and are sycophantic incompetent cowards.
Yet him & Elona said they were going to cut unnecessary government spending but they want the debt ceiling raised? Gthoh. I despise those two morons
Who did America borrow from?
Love this man. Has all his fact in a row. If they give way to trump and Musk it will be hard to ever get anything done that is for the people not the oligarchs.
One note to consider @hakeem-jeffries.bsky.social : instead of "former president, if you don't wanna say his name (which, why not but ok) please at least say 45. Thank you.
Yes, ever!
WOW…. That’s incredible. Democrats have to do better at messaging. They just have to.
You being facetious? That was as clear a message as I've heard from Dems in a long time. Bottom line - Repubs have to own the sh*t storm they created. Dems are done saving their behinds because of their poor governance.
Actually, my remarks was in two parts. Wow that is an incredible message. Second part I don’t believe that Democrats do very good on messaging. They accomplished so much and it doesn’t get heard by a lot of voters.
I understood your original comment. We need dems stating these things daily, loudy, and somehow get the other side to see/hear them too.
I think the most important thing for Dems to do is to win the 2026 midterms. They have to start messaging, and like you said loud. However, all I hear on CNN and MSNBC is Trump’s full blown asinine comments.
They know. They are proud of it!
Now Trump wants to eliminate the debt ceiling entirely because he knows he needs to cough up major tax cuts for billionaires and corporations
But only for 2 years. Then when democrats take back Congress he can blame them. Never his fault.
"This is the last election you'll see", as Trump put it. Just wait, they'll come up with an emergency to prevent any further elections. The horse is out of the stall and the stall just burned down.
ultimately we will have to rip power away from MAGA it stands for Make Apartheid Great Again
Brothers from another mother
You mean the debt that was expected to accumulate due to the legislation signed in 2017? You're right! Shame on the Biden administration for upholding the legislation that the Trump administration allowed to come to fruition, because now our economy is in the shits and CEOs are looking tasty
Jeffries is sending our money to Israel. He doesn't get to talk about financial responsibility either
There is only one person in Congress that doesn’t have a AIPAC guardian that’s Thomas Massie Pack owns all of them. They gave Donald Trump $1.5 million and I think they gave Joe Biden 1.2 so all of them participated in the free money that is the only mistake ,Joe Biden made was supporting Israel.
When will the Democrats adopt a modern interpretation of the National Debt instead of fighting this relic of a philosophy from a losing commodity-money perspective? Get a new narrative, sheesh.
How dare they! 🤔 Probably because they think no will actually notice…
Wow was it really 25%!? I didn’t know that
Yep. Trump increased the debt by 1/3. And only a fraction was COVID related.
Yeah, and he signed that bill into order for money and then he gave the money to all the Republicans in Congress so the small business people didn’t get a fucking dime cause I’m one of them and I went to the bank and they told me there was no money left because all the congressmen and chains got it🖕
And he wants to add more so his rich Wall Street buddies will give more to his disgusting family and pacs
Yes, state the facts Rep. Jeffries for our Republican neighbors.
They never listen🥺. The GOP has no interest in truth
The GOP doesn't have any interest in truth, but most of the public does. If they hear these truths, maybe the won't keep voting Republican.
Am not so sure...gotta start somewhere though :-)
Facts without talking about saying the reason being a global pandemic is called lying with statistics.
Lol..
Go, Hakeem!
📌
That’s absolutely true! And that was run up BEFORE COVID hit!!!
Speak it on every platform!!!!
Amen, Hakim, Amen.
🚨 Hitting back, Jeffries points out that 25% of our nation's debt was accumulated in just four years under the previous administration. How dare anyone lecture America about fiscal responsibility after that? 🤔🔥 #FiscalResponsibility #Debt #Jeffries #Accountability 📊💥
How about mentioning Musk's involvement, Rep. Jeffries?
Are not Reagan, W. Bush, and Trump responsible for 100% of the debt?
You might want to check your figures. Most recent Republican administrations have left behind record debt.
Playing dead and letting Republicans wallow in their own chaos might be the very best Democrats might do for the next 2 years. Time will tell.
🙄😵💫🤩😂😂😂😂😂😂😂😂
Rep. Jeffries is bringing the fire today! I like his focus on keeping the House GOP tied up in knots.
Real question is who profiteered?
Thank you Rep Jeffries for repeating Biden accomplishments. Remembering that 45’s accomplishment included a 25% increase in the deficit…..
Biden has done nothing but destroy everything
Bless your heart! Is that what the orange criminal told you to say, here on BlueSky? What's missing in your life? You won't find it here.
LOL!!!!! That's a stretch, don't ya think? It obviously doesn't read about domestic economies. Biden has done a kickass job with the economy. He doesn't control prices; that's greedy corporations price gouging us.
Really lady!!
a lot of it came from us having to pay for that fat orange puke face to play golf. have a nice day@
And for the secret service to stay in his hotels.
We certainly saved a few of them from closing down. Heck, the SS paid more for a room than anyone ever had to pay. Like 5 times the cost.
Also several times the Secret Service protection cost. Three sets of kids from 3 different wives, the grandchildren ... all at our expense, lining his own coffers. ( SS charged EXTRA for rooms when they protected him at his properties.)
Yes, really.
Gotta love how quickly the MAGAts identify themselves in the comments! Just blocked that guy - not worth trying to have an intelligent conversation with a person who won't accept reality, Nancy!
Presidential material? Mr. Jeffries your time may be coming.
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
This thread is full of maga’s & many of my mutuals are following them smh.
Unfortunately I think some people blindly follow back. I've been guilty of that several times. When I find the weasels though, I block them.
📌
Talk talk talk, fundraise, fundraise, fundraise, do nothing, do nothing, do nothing, go on vacation, go on recess, do nothing, bitch. Wash, lather, rinse, repeat. We've been HAD.
Preach, Brother Jeffries!
No right to lecture about fiscal responsibility OR criminality.
Why can’t they say this every day?
This whole speech was great. To the point. Truthful and strong
I love that guy.
TRUTH but some people wouldn’t know the truth if it bit them in their ass!! Trump hates anyone that tell the truth about him! He’s a psychopath and America is fucked!!
📌
We did not vote for Elon..ridiculous that he has such a loud influence over our government 🤨
Do they hear this on Faux or Newsmax, or any right wing podcast. Nope. How can Dems get their message across to people
Send Buttigieg to Fox & Friends.
They wouldn't believe it even if they did. They'd make some claim about it being a lie or numbers manipulated by Dems etc.
But have to get the truth out to them. It could b a start
It's important to keep giving them the right information, we just also have to be prepared for them to tell us the truth is a lie and that if it is the truth it's due to the Dems. There's so much anger on both sides right now that no one wants to believe the other.
If there was any way, it would have been done. Truly.
most of them believe a talking snake changed history, ffs.
I know this, but we can't just give up
It has been presented to them, but you have to understand this fundamental fact about the Republican mindset. Nothing, literally nothing, is ever their fault, no matter how much responsibility they bear for it, privately or publicly. Doesn’t matter what it is, bad things never reflect on them.
I do understand, but we can't stop trying. If we do, we're as bad as they r
No, that’s not what makes them as bad as they are. They are bad because every day, and through out each day, they choose to do harm rather than to help those around them. Saving some of yourself for yourself isn’t bad. You have to budget your efforts, to some extent. Or at least I do.
I can vouch for this, thanks to my experiences with my mother. Even if you can prove it was 100% her fault with video evidence, she’ll say that ANY OTHER option was some impossible feat because of some unrelated event or injury.
So should we just give up trying?
Can't force someone to see reason if they don't want to. I think cult deprogrammers advice works here too: don't attack them, ask genuine, good-faith questions and make it clear that if they change their mind you will not mock them. Support them in asking their own questions and give an off ramp.
www.tiktok.com/t/ZP8NbRS3o/
I feel you. My above advice is mostly for how to treat those close to us: family members, friends, coworkers, etc. It definitely doesn't apply to society at large. Also, importantly, it's only good if you're in a healthy position to do so. If interacting with someone would harm you, don't do it.
“You can lead a horse to water, but you can’t make it drink” is the most accurate idiom for this situation. Get the facts out (with evidence)… but don’t expend the energy trying to convince those who won’t be convinced by anyone but their own fear.
Please just don’t spread yourself too thin in the effort, you deserve to keep some of your energy for yourself, and I’m saying that from personal experience that it’s easy to mess up.
Personally, yes, I have. They will not accept responsibility under any circumstances, and any attempts I’ve seen to get them to do so has only served to drain energy away from more productive or enjoyable uses of it. I can’t blame you for trying, but I don’t think you’ll ever find success.
Relate. Narcissist are Never wrong
My favorite is when my mom is cornered in an argument and I’m just about to drive the point home, she hits me with “I didn’t even want to argue. I love you.”
Or the “let’s agree to disagree” while they look at YOU with pity (bc their tiny marble size cult brain can’t for a second comprehend being wrong)!
An old family friend is like that. Thankfully, my mom isn’t quite there yet. YET. After seeing the mental state my grandmother is in, I’m convinced it’ll happen eventually. To think, one of my memories of my grandmother involves her calling me stupid for not reading newspapers. I was 13.
then you don't want me to have a good life? trump wants me to have a bad life.
We used to have media but they have been useless in the age of the felon and now even more so since he’s made his threats. And no matter what we say, or how loudly we scream it out, they will not listen nor believe us. Felon has them convinced it’s all fake news.
Republicans destroy everything in the name of holding onto power and wealth. REPUBLICANS. Repeat this every damn day.
This is all great. But getting this out to folks that don't eat and breathe politics is the issue. I am glad to see our leaders waking up & swinging though.
Repost
This image should be on the front page of every newspaper and the lead of every news broadcast.
wouldn't matter they don't "believe" in facts.
Of that "25%", how much was spent by the Democrats when they controlled the House, & thereby the "purse strings"?
Full page ad in the NYT and everywhere else. Of course shoulda forced this message home 6 months ago, over and over.
These are the most lied to people... Republican sheeple. They have only got a laugh emoji to argue with. Sad
If the next set of tax subsidies for the wealthy goes through it could ignite hyperinflation collapsing the economy and the banking system world wide. He’s a POS and needs to be put in a doge bag and deposited in the dumpster.
We need to learn that federal deficits are not necessarily a bad thing. Not as long as they are used to lift up ALL the peoole, and not just a few privileged ones. The "National Debt" is our National Savings Account (if measured in the private sector). It's all OUR money, my fellow Democrats.
But the Republicans are freely spending that savings account willy-nilly. When the Democrats want to use the savings account to help the public, the Rs say they're just running up the debt. Hypocrites!
It's going to get worse, you know Stinky... debt increase will be higher than his first go round. Round one for the Democrats as President elon and Vice President lump get trounced by their own party. Wait and see elons you have to suffer a little financially, he won't feel it.
Memories seem to be very short
When is PRESIDENT ELON MUSK moving into the WHITE HOUSE..?????????
Believe me he will be there after Jan 20
I think that President Elon Musk and V.P donald trump are very wrong for the American people, but the American people are so gullible in believing what trump says. The people will wish that they could turn back the clock and vote against trump but it is to late and now.
Why don’t congressional Democrats say this while a Democrat President are still in office?!
They are spineless
They tried to abolish the debt limit so they could backdoor bankrupt the us government. Tax cuts for the wealthy, social security cuts for the rest of us
Exactly! Run government like a business? Ok. But let’s not run it like a Trump business, full of fraud and bankruptcies! 🇺🇸🫡
Businesses exist to make a profit by exploiting every resource available, at the expense of everyone they serve and employ. Do not run the government like a business.
Don’t run it like a business at all though.
That's the biggest problem with business people trying to run govt like a corporation. Two separate overall objectives & goals. It never works well.
Yet JD Vance is palsy-walsy with adherents of "Yarvinism" which believes that the US SHOULD be run as a corporation. He is even more dangerous than #pino. en.m.wikipedia.org/wiki/Curtis_...
Yes, JD Vance is a fuckwit
He is, but dangerously so.
Yes, the more I read about this Yarvinism thing of his, the more truly terrified I become. Unlike #pino, he had enough brains to graduate from an Ivy League school. Hitler with intelligence could do some real serious damage to the human race.
Moreover, Yarvin and JD want to revive feudal manors headed by the uber elite. They fantasize being Sauron, living for themselves, exploiting the rest of us to serve them on their little fantasy manors.
Or totally get rid of us. The techno fascists believe they can make machines, esp with AI, that will do away with the need for pesky human peons. This sounds so weird, I know, but you can actually research these nutty groups to see it's true. *shudder*
One little glitch in replacing us with robots - they don't buy stuff. ALL riches come from workers being consumers. Robots are a dead end for the tech elites.
The environment. They can live forever in their nice underground mansions. But they also think they can harness AI to make robots more pliable. It is evolving where AI is beginning to make decisions for itself. I think robots could eventually turn on them. Sounds weird, I know.
It's a fantasy world, not real life. Yes, robots can grow food, build Teslas. But where is the income source if no one buys anything? You pay out for luxury goods, what comes IN to fill that gap in your billions? Dwindling resources.
That's not the issue for most of us; it's the unsustainable nature of the entire system.
The way I read it, they don't care. They want the world to themselves and we are irritating little insects with our demands for money, healthcare, etc. Robots can take care of their needs without needs of their own. I've read 50% of the very rich have underground bunkers so they don't care about
I'd suggest that is entirely self limiting. Without purchasing goods and services at the lowest level, one may shuffle money oligarch to oligarch, but one can never sell anything and generate new income streams. That is basic. Feudalism collapsed because of that. The New Feudalism will, too.
How dare he lecture anyone while he does and did nothing but talk fluff and hand over our country to fascist w/out a fight?The Democratic party let us down America! Hurts to say it but we need to accept it! 😭The Dem-fascists are starting to show allegiance to MAGA! We need warriors not whiners!
No major media is reporting this! President Biden was the best president!
They are so distracted by the crazies and the chaos which is Trump
Exactly. We have spent the past 9 years focusing on Trump and his shenanigans and breathlessly reporting on him that it's all America has focused on. Most of them didn't even know who Kamala was.
Trump conspires to get all the attention. He is an attention whore. He craves it. We need to starve him out of existence. Do not fall for his "press conferences", "announcements", etc. where he has nothing to say, only wants your undivided attention.
Trump has a Narcissistic personality disorder!
Jeffries needs to run for president in 4 years
Love this man! Go Hakeem!!!!
Don't forget how many people voted for him in 2016 because he was "such a great businessman" - you know, the kind that has been bankrupt multiple times. Yeah, that kind.
Yeah, but have you seen the price of eggs!?
If the "let them eat cake" attitude shown by Trump/Musk (hard to tell them apart anymore) does not show how concerned they are about non-million/billionaire Americans, nothing's does.
The way to tell them apart: one is the next president of the United States. The other one is Trump.
Trump gives zero fucks. He needed to avoid jail. He likes the parades and Air Force 1 shit…preside ting? Not so much.
Presidenting
Can we just call them Mump?
Call them Mumps because there are 2 of them plus it will remind people of the infectious disease, which they are.
also RFK isn't vaccinated against them
But isn't he actually vaccinated against COVID?
😂
I prefer, you can't spell felon without Elon
Muskrump?
That works, too. Can’t wait to just call him gone.
New follow specifically because you read my mind!
Should we call them Mump ot Trusk? Mump sounds much better to me.
Trumpsk Mumps.
Mump sounds better to me. The first could be Trusk, but it is sort of simmilar to polish Donald Tusk.
Would have been more compelling to hammer this point pre-election.
Trump will bankrupt America like his casinos.
He already bankrupted America his last 4 years. Record national debt, fleeced the government, fleeced the people while lining his cheap suit pockets.
He stiffed the contractors who worked on his properties, and then wondered out loud why he had to flush his toilets 10-15 times.
While him and his friends get rich. That’s his way.
It's all about the grift.
Why should he GAF about America? His boss Putin told him to destroy it, so that is EXACTLU what he is going to do.
all trump wants is more money gotten as easily as possible and being able to claim his genius created it. He is Putin's stooge, a puppet. He just repeats what others tell him if he believes he can make money. He can carry out a tactic; can't carry out a strategy.
Trump only cares what's lining his pockets.
👍🏼😉
Damn. He's so good.
How dare trump lecture anyone about anything, period.
Right on ! And then they want to remove the debt limit for 2 years ..
We need more meme makers
Where was this BEFORE the election? When did the Democratic Party become such wimps? Why did they shy away from the fight and lose control of the White House and both houses of congress not to mention the Supreme Court?
Ty Acyn and especially thank you leader Jefferies for having the intestinal fortitude to call this out with regard to Trump & this unbelievable debt that he ran up! This clown shown is horrible! Someone in Gop needs to tell Musk to get phuked& pound sand ! 🖕Musk, get lost!
Nearly eight trillion dollars of debt accrued under the former president:
@hakeem-jeffries.bsky.social is my new fave. Keeping an ear out on him. He has the guts to speak out!
Democrats have to show where the money is coming from for anything they want to pass. Republicans don’t, I guess. 🤷♀️
Elon, Trump, Repubs impose austerity on Americans under the guise of “fed gov’t can’t afford it”. Shows they do not understand how monetary system works. Fed is issuer of $ not user like the rest of us. It’s all a lie so rich & corps can have free rein.
MMT is stupid. It's a recipe for hyperinflation.
How is it “stupid”? How is it a recipe for hyperinflation? Please explain.
Endless printing of money has always and will forever drive inflation.
In the book it is clearly stated that simply printing money will cause massive inflation. MMT is about how to understand the strengths of fiat currency. It is not about ignoring the outcomes of spending
MMT is an excuse to spend much more than tax revenue and still magically avoid inflation, until you accuse an MMT-er of that and then they deny that's what it means.
Where are you getting your information on MMT from?
From William Mitchell, one of MMT's original proponents. "There is no need to issue public debt." I'm always amazed at proponents of MMT who claim that cavalier money printing isn't at the core of the theory. billmitchell.org/blog/?s=issu...
He's correct, of course. Why do you think "cavalier money printing" is core MMT?
“Cavalier” money printing is not core MMT. Currency is created when Congress passes legislation that needs funding. Limiting factor is inflation that could be caused by Fed spending into economy where the productive capacity of the economy cannot meet the demand.
podcasts.apple.com/us/podcast/t...
Warren Mosler (Soft Currency Economics), Stephanie Kelton (Deficut Mytg) Bill Mitchell, Rohan Grey, Pavliva Tcherneva (A Job Guarantee). When I was in grad school late 1980s, was taught neolib Econ. Didn’t make sense to me. After reading MMT papers last 8 years, makes sense.
For clarity, I'm fully aware and I wasn't asking you but the dopey guy above. We're singing from the same song sheet.
Easy to misunderstand when typing on social media!
The question is if inflation is bad in all cases. For most economists the word "deflation" is much more scary. Also inflation does not live in some sort of vacuum and low inflation with no jobs and bankrupting companies is not a "great economy".
Yes deflation is worse but that doesn't mean we should let inflation run rampant. MMT is based on the flawed idea that money printing can be done wisely by omniscient govt bureaucrats so that inflation does not run rampant. If you believe that, you are dangerously naive.
MMT isn't based on any such thing. MMT describes how fiat currency works and has done since 1971.
If there is deflation and you add "rampant inflation", the result is something OK inbetween. So it can be OK in specific situations. Do your math.
Do what math? That makes no sense. Even if I grant that the money printing can be done so delicately as to manage inflation, MMT presupposes that we'll pick omniscient and beneficent wonder-bureaucrats to do it, that they'll never make mistakes or act in their own self-interest. MMT is dumb AF.
MMT is exactly what we have right now. It is what our corrupt leaders use to grant huge sums of government money to the already rich. Now I understand there are plenty of those who want to deny MMT since they want the gravy train of government money to the rich, to not end. You one of them?
"I don't believe in MMT, you believe in MMT" is an interesting counter-argument.
You’re misinformed. I’d suggest reading Kelton’s book as a start. Money is created when Congress passes legislation needing funding. MMT policies would have gov’t spend into private sector; infrastructure, job guarantee, Medicare for all, as examples.
The thing is, once you 'get' MMT, you see it all for what it is. Government 'printing' it by the trillion and handing it out. There's a name for government handing out free money, to support businesses/people who it approves of. Its not capitalism. But, hey, keep saying MMT is bullshit.
People make mistakes. Bureaucrats do, politicians do etc. But mistakes can be made both by acting, but also by not acting. Consider a surgeon who will not use a scalpel to prevent making mistakes. Your odds of death will be bigger than the risk. Your argument is dumb and ideologically biased.
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order,
Great book. Highly recommend. It's read by the author on Audible.
We love this guy!!
In their proposed bill they cut 190 millions from the child cancer program They are against abortion but when the the children are born the dont have dime to spare for them
They're Pro-Birth, not Pro-Life.
They’re pro forced birth 😒
They wanted.to cut CHPS too.
It's like live birth abortion
That’s because no one will tax the rich pastors that want to be in politics.
What do you expect from someone who filed bankruptcy 5 times running his personal business?
That he didn’t deserve a se one term
or a first?
Precisely.
Maybe he’s the patsy who will bankrupt America?
...Yet the gormless American voters opted for the profligate Rich Folks' Friend rather than the VP who 2nded the Problem Solver president's agenda. They're so stupid they've done it repeatedly since Reagan beat Carter. At least Reagan respected the US Constitution. Not this current bunch.
Hypnosis works with words, too.
🖕
What’s the breakdown of that increase? For instance, how much Covid relief? Other categories?
DJT increased the deficit by $8.4T ($4.8T was non-pandemic spending).
Some day, those on the right will have it sink in that Reagan wasn't anything more than a pawn and they have been lied to at every turn by the people they worship and vote for. The ones who's every move is opposite of what they need to live the life they are promised. They of course, are the ones
who are the loudest of the carnival barkers. They vote for these people who take everything away, including opportunity. The largest psychology experiment ever perpetrated on Americans...and it worked. It's why we have tRUmp, Boebert, MTG. Despicable human beings and CHOSEN government officials.
The list is long...Geatz, DeSantis, Bondi, Rubio, Rick Scott...a whole subject of his own. All of them corrupt and shameless at the expense of the people they are supposed to represent. In their minds, nothing to see here, Obama wore a tan suit. #Floridayouvotedforthis
Hakeem Jeffries spitting facts and telling no lies
Now maybe if we could an actual Democratic leader in the Senate, we might start winning more. Unfortunately, Chuck Schumer.
Hakeem is wonderful.
Make Elonia fat Rump pay 300 billion in taxes for interrupting the Congress & make it go to social security
It ALWAYS goes up far more under Republicans. Then, when a Democrat takes the White House, the deficit is ALWAYS reduced. Biden reduced the deficit by $1.9 trillion. Now tell me again what a bad president he's been.
America needs to hear this message. Biden did so much for the American people, and a Democrat will have to reduce the deficit once again after Musk, Trump raises the debt for themselves.
🔥🔥🔥 @hakeem-jeffries.bsky.social 👏👏👏 do not let up on the truth!!! The American public needs to know their lies and bullshit! Over and over again.
You tell ‘em Jeffries!
Musk is looking in the wrong places to fix our national debt. Trump is the best place to start. Biden reduced the debt. Bill Clinton left us a balanced budget. Democrats are constantly cleaning up the financial disasters Republicans create...for many years.
Prepare for another 25%!
Tell him, Hakeem
I'm some sort of conservative. I believe in fiscal responsibility. But these idiots giving unnecessary tax breaks to the rich and making up the loss in revenue by BORROWING more money. doesn't sound very fiscally sound. And they're gonna try and do it again after Jan. Jeffries is right.
Because billionaires live their lives on borrowed money. They don’t seem to understand that the govt won’t die and like they will. Loopholes won’t work on govt debt.
It's the mantra: Never use your own money
100% they absolutely do live on borrowed money. They get investors, borrow, beg, and steal every cent possible and then claim they made their fortune.
And that is Trump. He speaks like he has big money, but doesn’t. Con artist on the highest level. He spends a lot of time in court.
And he doesn't pay his lawyers or anyone that does work for him. He makes them sue him to settle for pennies on the dollar. It's a shame he will never get his comeuppance and will probably live a life free of the violence he deserves.
And the sadder part is that the lie is well eaten by the public.
It's because the average American thinks they will become one of the wealthy elite as they also struggle to make ends meet and blame immigrants because that's who the ruling elite tells them to blame. An immigrant didn't steal your job, your greedy employer did to fuck you and that immigrant over
Preach
Non-producing billionaires. Producing billionaires like Oprah,LeBron,Taylor,💰is just currency to them&sharing to help others doesn’t chg their worth. 💰’s all to Musk/Trump, MAGA,they’re absolutely nothing w/o it. No intrinsic value.Whiny,cuckoos who cry poverty to justify thievery. Voids,vampires.
It's rich billionaires deciding not to pay America's bills.
Once I realized that this is what all the big talk on the republican side leads to I stopped being one
Think about how tax revenues increased after the Trump tax cuts.
The thing to remember is that the so-called liberal parties in America would be counted as conservative pretty much anywhere else. So you being conservative doesn't mean you're a Republican and should vote for them. Look at both policy and history of how that policy is applied and you'll see it all.
Thank you. If you wanna know the truth, I vote split ticket. I try and vote for who I think will do a better job. Or I used to. This last election I wanted to get rid of every Republican office holder or challenger.
Trump added $8.4 trillion & $96 trillion to bail out farmers from his last tariff against China.
Don't get me started on his stupid tariffs.
It's the Two Santas strategy. And an ignorant public keeps on buying into it. www.milwaukeeindependent.com/thom-hartman...
That's right. Trump didn't "give" anything to anybody. He signed a temporary tax reduction that was ALL borrowed with interest from our children & grandchildren's future, risking the whole country's future solvency. Generations will be on the hook for every penny+++. Some legacy.
Trump's a scumbag. And he's gonna be worse this time around. And worse still are the bottom feeders that are REALLY gonna screw things up for this country for some time to come.
"Conservatives" don't believe in fiscal responsibility!! Not in the 55 years I've been alive! They ALWAYS screw up the economy ---- in favor of people who are already obscenely wealthy. That's dumb AF, because when they deprive everyone else of a living wage, the country doesn't perform well.
Uh no. That's the GOP doesn't believe in fiscal responsibility. I wouldn't have managed to crawl my way from food stamps to what's left of the middle class if I didn't. And yeah just about every R team administration hasn't ended well.
"in favor of people who are already obscenely wealthy." Yes but how else are they gonna have all that excess cash in order to bribe the politicians to give them more tax breaks? (wash, rinse, repeat)
look up some data, it seems the deficit always gets worse under republicans. since reagan, tax cuts for the rich were their whole schtick. i guess now that ppl don't remember the new deal era into the 50s as much, they can get away with the gutting of everything that makes the country function.
p.s. the us didn't become the "leader of the free world" during the gilded age that the maga party is trying so hard to return to. if they want to return to kids losing their hands in mangles, people dying from drinking adulterated milk, and so on? they better not be shocked to part with that power.
He knows that Just yearning for the days nobody got real news Poor little conservatives
It dies sound like a Conservative Not the definition most recognise ,but the reality of EVERY republican (conservative) POTUS in last 30yrs Time for realty to take over
The last time Trump did a govt shutdown it wasn't very good for those out of jobs. The man isn't even in office yet and billionaires are playing Grinch at Christmas.
How dare you. How dare we. Don't offend anyone please. www.youtube.com/watch?v=xVlR...
💯💯💯
What he forgot to mention was the Biden is also responsible for over 25%. He also forgot to mention that Obama is responsible for adding debit equal to all 43 Presidents before him. 🤔
But you can SEE what he did with the money: infrasructure. 2 new schools in my county alone Revitalized and funded community colleges. Roads and bridges repaired. And Biden continued where Obama left off.
What are you even talking about? This countries infrastructure is trash! With the amount Americans spend we should have the best infrastructure in the world.
Two things can be true at once.
Your ability to read charts is umm lacking. This should be easy. This is as of Nov. 5: www.investopedia.com/us-debt-by-p...
The Crook is about to surpass the $8 trillion dollars he left from his 1st reign of terror!
Neither is paying the debt off. Removing $30T from the private economy will do more harm than leaving it there. Just spit-balling this you understand
I believe that to be a true statement. Nevertheless, are we talking about covid spending? You're really bringing up covid spending and using that as a point. You got a small mind and you're way out of your league with me obviously
Trump was a terrible, terrible president leading a terrible, terrible party.
And yet she still supported and sucked up to him. Another spineless Republican.
Done
We will not be tuned in .I don't even look at picture of him and I filter the word Trump and Elon and Musk
Yep, I’m doing my sock drawer (again)
That's INSANE!
I just don’t understand this! Where were these viral speeches before the election? I see this from Minority Leader Jefferies and a number of thoughtful and eloquent 1-2-1 interviews by Prez Biden only after the election - wtf!
Conservatives have never been fiscally responsible. It's the biggest con they've pulled on the uneducated.
The orange Buffalo has been pulling the wool over the eyes of 50% of the US public. He will continue to do so. He's good at this. He's done it for 10 years now. He just did it three or four days ago at that press conference. Mainstream media has capitulated so there's nobody to challenge him.
Problem is many Americans, those voting for republicans don’t believe the facts as truthful because of Fox Network, truth social and other right wing news programs and broadcast.
So what do we do? How can we get the message out? I say democrats bombard Fox News with interviews and spout the facts whenever possible, right now it seems as a party we are mutant and law “low” way to much. We need to speak up, now!
Can’t agree with you more. More Fox interview’s wouldn’t hurt.
Fox controls who goes on the network and mostly it is to bolster Republicans.
That is sad, but not a surprise
You are right. Fox News would never tell the actual truth. The network is for Republicans and their supporters. Look at the facts and see who really cares about America and its future. It is not Fox or Republicans! Fox paid that voting machine company almost a billion dollars to settle the lawsuit.
It doesn’t help that our legacy media doesn’t print facts anymore, just headlines spicy speculation and basically gossip. Our information sources have descended to the level of tabloids yet they are still being treated seriously
The Kardasian effect. Drama = Ratings
It will be all trump all the time on all media. Like fux.
Let's stop calling them news programs.
Exactly, Fox changed its designation from News to entertainment to protect themselves from being labeled and sanctioned for promoting false narratives, so Fox’s destruction continues.
This is false.
After further checking I agree. FCC doesn’t license cable news.
The FCC doesn’t license news at all.
7 Trillion dollars down the drain with nothing to show for it. We now pay over a trillion dollars in interest per year on that debt, way more than we spend on the military budget. And what did we get for that increased debt? We got shit for brains back in the saddle. In 4 more years, who knows?
Musk will attack Jeffries. Jeffries is a threat to Republicans exposing their incompetence and corruption.
Lol, sure..
Musk will try to primary Jeffries, lol. Musk will try to throw his money everywhere, like a monkey flinging feces at the zoo attendees.
Love that mental picture!
Money can't buy you love!
Let musky try to attack Rep. Jeffries, nobody elected Elon for anything so he's a pesky fat rat as far as I'm concerned.
💥
Well said !
Keep this messaging out there. Don't downplay what responsible Democrats do year after year to clean up Republican messes.
Thank you!
Yes, we need to have an efficiency agency!! Agreed!!! But not Billionaires telling what to cut!! You cannot have efficiency in chaos!!! You must be methodical. You must increase revenue while reducing spending. We need Katie Porter to run this Agency!!! Not Billionaire Men!!
Katie Porter will get out her whiteboard and marker!
You know it!!
I give it a month before Trump cant handle being upstaged any longer
Trump’s brain is guacamole
Baba Ganoush
Congealed KFC gravy
People STILL ignore the simple FACT the US is accelerating into a financial brick wall. Payments on the current debt are more than defense and it is progressively getting worse.
Yeah Republicans definitely aren’t the party to address that. Never have been, but they just said that out loud. All but 38 of them just voted for a bill to do away with the debt ceiling to make it easier to pass more tax cuts for billionaires.
Trump doesn't want to be blamed for raising the debt ceiling. Trump will create a disaster and try to blame the Democrats.
Tax the wealthy
Coupled with an approaching collapse of the home insurance industry (they won’t survive 3-4 more multi billion dollar storms), the US will be unable to respond to a “too big to fail” scenario.
More of this Dems
He’s good.