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Luis E Gomez @lugoz.bsky.social

There is a mathematical way around it called deficit spending.

jan 30, 2025, 3:55 pm • 0 0

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Stephen Nuñez @socio-steve.bsky.social

Well yes we are currently doing that and we could do even more of it at an eventual cost. But that is not how CBO scoring and budget reconciliation rules work. They cannot make the tax cuts permanent or expand them without gutting the safety net. And that is what they are going to do sans pushback.

jan 30, 2025, 3:57 pm • 2 0 • view
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Luis E Gomez @lugoz.bsky.social

Yes, but those are legal and policy choices. I’m cautioning against using mathematical rigidity when stating that spending must equal revenue. If taxes are cut, fine, live with a higher deficit and its consequences, if any, but don’t cut spending.

jan 30, 2025, 4:10 pm • 0 0 • view
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Stephen Nuñez @socio-steve.bsky.social

I didn't say that. the idea that we must always balance our budget is pretty obviously stupid. But also I am taking about a real thing that is happening right now not a hypothetical.

jan 30, 2025, 4:12 pm • 1 0 • view
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Luis E Gomez @lugoz.bsky.social

So, there is a way around id mathematically. I'll leave it here bsky.app/profile/step...

jan 30, 2025, 4:25 pm • 0 0 • view
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Stephen Nuñez @socio-steve.bsky.social

And I'll leave this right here. You want to be a dolt about this go right ahead. bsky.app/profile/soci...

jan 30, 2025, 4:27 pm • 0 0 • view