Quote:
Originally Posted by rubecube
I mean deficit-hawking during a pandemic is some real, Reaganite ghoul ####, but you do you.
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He's already spending a ton of money just on recovery plans. To roll out aggressive restructuring now when the economy is just beginning to recover is very risky.
You can't just print money forever and hope to get away with it. It will devalue currency to a point where it could mean major economic turmoil and depressed purchasing power. Raising the minimum wage doesn't do anything for people if they can't actually buy anything more because the dollars aren't worth the same. At what point do cryptocurrencies start to replace the federal reserve dollar?
I'm just saying, you can't just roll out programs and not figure out a way to pay for them. It's the same #### I've been ranting at the Republicans for. They play at being fiscally conservative but then spend like a drunken sailor and cut taxes.
Biden is at least changing some things in order to pay for this, but I don't think it's going to be nearly enough and deficit spending may never go away as a result of rolling out some of these big programs.
But yeah, just throw a one-liner at me and not have a meaningful debate. Well done.