Biden insists massive government spending will reduce inflation

[pknopp]

Free markets make the economy more efficient,

There is no such thing.

 

[Missouri_Mike]

Have you ever heard the saying you have to spend money to make money?

you can't make an economy more efficient without spending money on the resources needed to do that. L

Have you ever heard about throwing good money after bad? That’s what we’re doing. Investing money to make money takes sound investments not left wing social wish lists full of stupid shit. There is no such fucking thing as human infrastructure. It doesn’t exist and blowing trillions on it can’t create it. Pare this fucker down to about 500 billion with a southern wall included and focus on actual infrastructure. Not the retarded dreams of AOC,

 

[pknopp]

Have you ever heard about throwing good money after bad? That’s what we’re doing. Investing money to make money takes sound investments not left wing social wish lists full of stupid shit. There is no such fucking thing as human infrastructure. It doesn’t exist and blowing trillions on it can’t create it. Pare this fucker down to about 500 billion with a southern wall included and focus on actual infrastructure. Not the retarded dreams of AOC,

Left wing? Trump did the same thing.

 

[AntonToo]

"Biden mishandles little girls"
Antontoo: "It's because he cares".

"Biden shits his pants"
Antontoo: "He's fit for POTUS".

Did you read it?

 

[AntonToo]

Have you ever heard about throwing good money after bad? That’s what we’re doing. Investing money to make money takes sound investments not left wing social wish lists full of stupid shit. There is no such fucking thing as human infrastructure. It doesn’t exist and blowing trillions on it can’t create it. Pare this fucker down to about 500 billion with a southern wall included and focus on actual infrastructure. Not the retarded dreams of AOC,

Infrastructure...doesn't exist? Did you just seriously say that?

 

[Thinker101]

Infrastructure...doesn't exist? Did you just seriously say that?

Seems the statement was "human Infrastructure", apparently you can't fricken read or you have a serious case of ADD.

 

[Eric Arthur Blair]

Biden behaves exactly like a man stumbling through life with senility.

He's irrational and has only a very tenuous grip on reality.

 

[BluesLegend]

Biden behaves exactly like a man stumbling through life with senility.

He's irrational and has only a very tenuous grip on reality.

Biden's handlers know exactly what they are doing, cramming through PORK.

 

[NightFox]

There is no such thing.

Uh-huh, that’s the problem, we need the state to keep its grubby, corrupt mitts off the market and stop fucking it up by intervening in voltuary transactions.

 

[pknopp]

Uh-huh, that’s the problem, we need the state to keep its grubby, corrupt mitts off the market and stop fucking it up by intervening in voltuary transactions.

Good luck with that.

 

[NightFox]

Good luck with that.

No, Good luck to us all with the descent into socialism and economic chaos we’re all currently along for the ride on.

At least I know where this train is headed.

 

[pknopp]

No, Good luck to us all with the descent into socialism and economic chaos we’re all currently along for the ride on.

At least I know where this train is headed.

It's been headed that way for a long time. It's what people want.

 

[AntonToo]

Free markets make the economy more efficient, government interference inhibits the markets ability to do that.

This is government trying to “fix” problems that it created in the first place using the same methods.

“The definition of insanity: doing the same thing over and over again and expecting different results” — Albert Einstein

You've got something besides absolutist idology? Getting kinda boring.

 

[AntonToo]

Seems the statement was "human Infrastructure", apparently you can't fricken read or you have a serious case of ADD.

The bills DO spend on infrustructure, do you get it?

 

[Thinker101]

The bills DO spend on infrustructure, do you get it?

Sure, 5-7 %, quit being such an idiot.

 

[AntonToo]

Maybe time to read referenced Moody's paper on this togather:

With unemployment still near 6% and labor force participation well below where it was pre-pandemic, the economy still has considerable slack, equal to approximately 10 percentage points of GDP. But the bipartisan infrastructure deal and reconciliation package will deliver less than a percentage point of GDP growth in 2022 and closer to 2 percentage points of GDP growth each year from 2023 to 2025. Given the fiscal support still in train, mostly from the ARP, this would be just enough to provide the added GDP needed to get the economy back to full employment. Moreover, much of the additional fiscal support being considered is designed to lift the economy’s longer-term growth potential and ease inflation pressures. For example, consider the additional spending on new rental housing supply for lower-income households, which is critical to rein in rent growth and housing costs, or the efforts to reduce prescription drug costs.

 

[AntonToo]

Sure, 5-7 %, quit being such an idiot.

wrong, wrong again

Lets read togather:

The bipartisan infrastructure deal...includes nearly $600 billion in additional transportation and other physical infrastructure spending over the decade from 2022 to 2031 (see Table 1). Spending on roads and bridges, power systems, rail, broadband, water systems, and public transit gets the largest boost. Biden’s American Jobs Plan included more than $900 billion in further spending on these types of traditional infrastructureIt includes nearly $600 billion in additional transportation and other physical infrastructure spending over the decade from 2022 to 2031 (see Table 1).

https://www.moodysanalytics.com/-/media/article/2021/macroeconomic-consequences-of-the-infrastructure-and-budget-reconciliation-plans.pdf

 

[Winston]

Maybe time to read referenced Moody's paper on this togather:

With unemployment still near 6% and labor force participation well below where it was pre-pandemic, the economy still has considerable slack, equal to approximately 10 percentage points of GDP. But the bipartisan infrastructure deal and reconciliation package will deliver less than a percentage point of GDP growth in 2022 and closer to 2 percentage points of GDP growth each year from 2023 to 2025. Given the fiscal support still in train, mostly from the ARP, this would be just enough to provide the added GDP needed to get the economy back to full employment. Moreover, much of the additional fiscal support being considered is designed to lift the economy’s longer-term growth potential and ease inflation pressures. For example, consider the additional spending on new rental housing supply for lower-income households, which is critical to rein in rent growth and housing costs, or the efforts to reduce prescription drug costs.

And it looks like you pointed to the two programs Biden was talking about. Increasing the supply of rental housing and addressing the high cost of prescription drugs by allowing the government to negotiate the price paid for Medicare Part D prescription drugs, just like they do for Medicaid. Increase supply reduce price, volume discounts through negotiated prices reduces cost of prescriptions.

 

[Missouri_Mike]

Left wing? Trump did the same thing.

No he didn’t. WTF are you talking about?

 

[Thinker101]

wrong, wrong again

Lets read togather:

The bipartisan infrastructure deal...includes nearly $600 billion in additional transportation and other physical infrastructure spending over the decade from 2022 to 2031 (see Table 1). Spending on roads and bridges, power systems, rail, broadband, water systems, and public transit gets the largest boost. Biden’s American Jobs Plan included more than $900 billion in further spending on these types of traditional infrastructureIt includes nearly $600 billion in additional transportation and other physical infrastructure spending over the decade from 2022 to 2031 (see Table 1).

https://www.moodysanalytics.com/-/media/article/2021/macroeconomic-consequences-of-the-infrastructure-and-budget-reconciliation-plans.pdf

Inside Biden’s $4.1 Trillion Infrastructure Deal​

$600 billion our of $4.1 trillion

Biden Infrastructure Plan: Inside the $4.1 Trillion Deal - SmartAsset