117th United States Congress: Insurrection 2021

[BerenTebogo]

The easy solution to all of this is to just give everyone money.

idgaf about the chart Archi is about to post showing how UBI for families only is better than UBI for everyone I just want free money to improve my QoL in the same way that plenty of families with kids will.

Honestly, fuck kids. Fuck ‘em right in the ass. I mean don’t actually, but figuratively. You want them? Super. I’m very happy for you. I’m with Day on this one. I don’t want to subsidize your kids unless I am subsidizing everyone equally.

Just spend from the deficit and give it to everyone. We’ve already shown in previous threads that there is no irrefutable evidence saying that we can’t just deficit spend into oblivion without impacting the economy.

[Andalusian girls]

We’ve already shown in previous threads that there is no irrefutable evidence saying that we can’t just deficit spend into oblivion without impacting the economy.

no you haven't and yes there is jesus God inshallah most of you are so comprehensively economically illiterate

[Andalusian girls]

economy can have a little deficit spending, as a treat

[Andalusian girls]

but too much salami kills cats Sath

[BerenTebogo]

I specifically requested primary sources multiple times and nobody has been able to cough one up so why dont you use your school learnin’ to find me some econ journal papers or something to read

[BerenTebogo]

My current understanding is that deficit spending theory is underpinned by elements of game theory that result in nobody winning if any one actor becomes greedy. Everyone involved in the game is aware of this and every now and then trades off “forgiveness” as a means of easy political favors.

I await hours of boring papers persuading me otherwise

[Andalusian girls]

what in the name of sweet baby jesus are you talking about

[Andalusian girls]

though i do admire the thought process of 'no one provided me research i was too lazy to find on my own, ergo, what i want to believe has been decisively proven'

[BerenTebogo]

though i do admire the thought process of 'no one provided me research i was too lazy to find on my own, ergo, what i want to believe has been decisively proven'

I mean, I have looked. I'm not enough of an expert to be able to pick out which paper is going to have a subsection on the topic without it being in the title or abstract. This was the same for other only semi-retarded posters. Looked into it but could never find anything conclusive.

If you think you have some primary sources just cough them up lol

[Andalusian girls]

but here ya go ya lazy cunt.

AG abstract: to a point, targeted deficit spending affects economic benefit; the Keynesian standby of increasing aggregate demand and neo-Keynesian thoughts on spending in a manner where the ROI results in long-term net benefit (id est not digging holes, but spending dollars on young childrens's health and education which sees an exponential economic return by way of the improved economic activity / life outcomes of those children become adults, or infrastructure repair facilitating commerce), but when the debt and the deficit spending which engenders it cross a certain threshold you see an increasing proportion of capital both private and public siphoned off to sustain both. this results in depressed domestic investment in the private sphere, and you see an increasing drag on government finances by way of the proportion of revenue needed to service the interest on the debt. both phenomena ultimately result in less long-term growth and worse long-term economic prospects.

https://www.cbo.gov/sites/default/fi...rkingPaper.pdf

https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1237.pdf

https://www.bis.org/publ/othp16.pdf

sources of our own CBO, the EU Central Bank, and the Bank for International Settlements. there is other support fare from academia if you need but these three provide solid enough primers with emphasis on two of the three advanced economic loci in the world.

[BerenTebogo]

Like if you google "are wormholes real" you will get 99% results saying of course they're real blah blah blah

But the answer is maybe? probably not. It wouldn't even be a question if some russian wasn't bored in the middle of a war in the trenches because it's the result of an extraneous solution to a way of solving a problem that probably wouldn't have come about without him.

glhf trying to find that information outside of in the interpretation of the actual math in graduate textbooks but I scoff at people when they go "muh wormholes". That's you rn. I get it. But help me out here.

[Andalusian girls]

actually the third locus is perhaps most informative as Japan has seen their economy depressed for decades as the result of an unserviceable debt. gimme a second to find a case study of the ol girl

audit: see what happened to the world's (at the time) second largest economy when they embraced deficit spending into oblivion

https://ideas.repec.org/a/ksp/journ5...5i2p45-52.html

[Roranora]

yeah but if they humped more and suicided less might they be able to service the unserviceable

[BerenTebogo]

but here ya go ya lazy cunt.

AG abstract: to a point, targeted deficit spending affects economic benefit; the Keynesian standbys of increasing aggregate demand and neo-Keynesian thoughts on spending in a manner where the ROI (id est not digging holes, but spending dollars on young childrens's health and education which sees an exponential economic return by way of the improved economic activity / life outcomes of those children become adults, or infrastructure repair facilitating commerce) but when debt becomes unsustainable you see an increasing proportion of private investment siphoned off to sustain said deficits, resulting in depressed domestic investment in the private sphere, and you see an increasing drag on government finances by way of the proportion of revenue needed to service the interest on the debt. both phenomena ultimately result in less long-term growth and worse long-term economic prospects.

https://www.cbo.gov/sites/default/fi...rkingPaper.pdf

https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1237.pdf

https://www.bis.org/publ/othp16.pdf

sources of our own CBO, the EU Central Bank, and the Bank for International Settlements. there is other fair coming from academia if you need but these three provide solid enough primers with emphasis on two of the three advanced economic loci in the world.

I'm gonna read these but it's gonna take me a bit thank you

Also question that I may learn the answer to by reading: Have any of the recent (~20 years) first world economic collapses (greece, venuezula, etc) due in significant part to deficit spending? just curious

yeah but if they humped more and suicided less might they be able to service the unserviceable

beaten by rora

[Day]

though i do admire the thought process of 'no one provided me research i was too lazy to find on my own, ergo, what i want to believe has been decisively proven'

this is how i live my life and even when provided research

[Andalusian girls]

you a real one

[Andalusian girls]

yeah but if they humped more and suicided less might they be able to service the unserviceable

a number of nations have Japan's population growth rate, a key difference is how much the Japanese despise foreigners. Germans stopped humping too but they import Turks to make their kebab and Poles to make their beds.

[Yabby]

yeah but if they humped more and suicided less might they be able to service the unserviceable

It's the pixilated junk that is the root cause!

[Dimmauk]

People that have no kids should get nothing. They are providing nothing to the future of our country. Greedy fucks.

[Andalusian girls]

I'm gonna read these but it's gonna take me a bit thank you

Also question that I may learn the answer to by reading: Have any of the recent (~20 years) first world economic collapses (greece, venuezula, etc) due in significant part to deficit spending? just curious

it was a key factor in every one of them. Greece's government-debt crisis, was, interestingly enough, precipitated by runaway government spending. Greece had run moderate to a leetle-beet-too-high deficits for most of their time in the EU, but a new ruling coalition of socialistish types saw Greece's federal expenditures increase by 87% against an increase of only 31% in tax revenues in the 5 years leading up to the Great Recession. when the recession hit what was merely ugly deficit spending become an agent of sovereign economic collapse.

Venezuela's was a similar story but with added incompetence that worsened the crisis far more than deficit spending alone would have. they were and are a petrostate and as oil prices rose so did government spending, though the rise was disproportional and increased revenue saw an increase in the percentage of government spending that was deficit financed. when oil prices collapsed they suddenly had no money, attempted to continue to finance their outlays with printing presses, and saw the inevitable concomitant runaway inflation. they then attempted to institute price controls, and saw the inevitable concomitant shortages.