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  1. shootersa

    shootersa Frisky Feline

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    Some corruption?
    Jesus.

    Shooter submits that of the 100 US Senators, and the 435 Representatives, the great majority are corrupt and have taken advantage of their office to enrich themselves. Pelosi is the poster child for corruption, but deplorables are not any better.

    Power corrupts. Absolute power corrupts, absolutely.

    Hence the revolution.
     
    1. submissively speaking
      So why don’t you run, if you know so much about fixing things?
       
    #81
  2. shootersa

    shootersa Frisky Feline

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    Shooter will not run if nominated
    And
    Will not serve if elected.
     
    1. submissively speaking
      Well that pretty much says it all, dunnit?
       
    #82
  3. shootersa

    shootersa Frisky Feline

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    Well, full disclosure, shooters mom wanted him to be a lawyer or a politician.
    Shooter prefers to make an honest living :p
     
    1. conroe4
      So you went into HR!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?! LOL
       
      conroe4, Mar 15, 2019
    2. shootersa
      Well, yeah..... actually more into sales. Or consulting. Or selling consulting.

      Shit.
      Something like that.

      HR was in there somewhere
       
      shootersa, Mar 15, 2019
    3. conroe4
      I was kinda talking like...honest living...and HR.....like um, I once referred to the ladies down in HR, and my secretary said, "There are NO ladies in HR!"
      and that's a true story.
       
      conroe4, Mar 15, 2019
    #83
  4. Steve American

    Steve American Sex Lover

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    Another video by Stephanie Kelton on Modern Monetary Theory.
    Explains things clearly.

    53 min. long.
     
    • Like Like x 1
    #85
  5. Steve American

    Steve American Sex Lover

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    Left Forum June 2018, Money Matters!
    Why Monetary Theory and Policy Is a Critical Terrain For the Left,
    Organized by The Democracy Collaborative, John Jay College, CUNY, 6-3-2018, New York City, NY.
    Gar Alperovitz, The Democracy Collaborative introduces it and introduces each speaker.
    Stephanie Kelton, Sanders Institute, Stony Brook Univ. talks about, why "How are you going to pay for your program?" is a trap. Michael Hudson talks about how banks create dollars (money) and why the Gov. should just deficit spend.
    Pavlina Tcherneva, Bard College, Levy Economic Institute talks about the MMT Job Program.
    Raul Carrillo, Modern Monetary Network, New Economic Project talks about the actual projects that he is working on that relate to MMT.



    1.5 hours long
     
    #86
  6. conroe4

    conroe4 Lake Lover In XNXX Heaven

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    Well, Capt America, no one is going to watch videos that last an hour and more.
    Our attention span - well, it may span 15 seconds, but that's a reach in itself.
     
    #87
  7. shootersa

    shootersa Frisky Feline

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    Oh, Shooter doesn't know about that.
    He thinks most of us would watch more than an hour of a sexual liason.
    You know, if we found the women cute enough.

    But, watching an hour of some thinly veiled justification for big government?
    Justification for nationalizing the banks?
    Nah.
     
    1. View previous comments...
    2. shootersa
      Shooter has pointed out several times that this "new" money theory is nothing but a thinly veiled argument for a big expensive and invasive government.

      This point has not been rejected.

      There is no reason to argue the points when the real issue is already exposed.

      And by the way, as shooter understands federal bonds, an investor buys a bond for, say $50. In 30 years they can cash it in for $100.

      The feds get the $50 investment when its made, and pay$100 when it "matures". If your educators told you the government "earns" the interest you need to ask them for their money back.

      Or is this some other smoke and mirrors point of your "new" money theory?
       
      shootersa, Mar 18, 2019
    3. Steve American
      shooter, it's possible you understand bonds, but you didn't grok what I wrote. I wrote if the Gov. sells a bond to the Fed. [not an investor] then the interest is paid to the Fed. but the Fed. pays all its profits to the Treasury. And the bond will never be paid back, but rolled over forever.
      . . Yes, I agreed that MMT allows a bigger Gov. You take this concession and use it to dismiss the reality that MMT does describe how the US and other nations with their fiat money actually do things and therefore can do things.
      . . You HATE big Gov. SO MUCH that you don't realize that other people (Progressives) don't agree with you. You think that just "yelling Big Gov." means you win. In your circles I suppose it does.
      . . Economics has not proved that a bigger Gov. can't do anything right or better than it is being done now. This is because economics makes false assumptions & uses them to prove conclusions. In logic though one false assumption negates the whole proof.
       
      Steve American, Mar 18, 2019
    4. shootersa
      Yet again you assume you know what shooter is thinking. Shooter is getting tired of playing these side games with you.
      Shooter doesn't hate big government. He hates the robbers who claim to be "helping" us when the reality is, they are robbing us and getting off on the power trip.

      So, the bond thingy: according to your explanation the government sells itself a bond, pays itself the interest, and somehow nets a profit.

      Definitely, get your money back from your "educators". When you clarified what you posted, did it make sense to you? Or what, exactly was going through your mind?

      Now finally, why don't you tell Shooter how much better off we'll be with government dictating to us more how and where and why we live our lives?

      You know, than us deciding for ourselves.
       
      shootersa, Mar 18, 2019
    5. Steve American
      It certainly sounded like you hate big Gov. Maybe you are moving the goal posts now.
      When the Gov. sells a bond to the Fed. it gets dollars that the Fed. just creates. The Gov. uses those dollars to deficit spend just like when the bond was sold to an investor. That is how the Gov. gets a benefit or as you say profit.
      The programs I would like to see don't involve the Gov. dictating to the people. The Gov. is offering to pay for more infrastructure repairs, or college tuition, etc.
      The exception is Medicare For All. Here most workers are already being dictated to by their employer. Most people will be better off with medicare than with the health insurance plan their employer picked out for them. Most elderly people like Medicare. If you are buying your own plan you are limited by what is offered by the insurance comp. So, in this case alone you have a point, but not a great one. YMMV.
       
      Steve American, Mar 18, 2019
    6. Steve American
      Below shooter triples down on his contention that the reader should be psychic and just know when shooter doesn't really mean what he clearly is implying. He also asserts that extending unemployment insurance eligibility in the GFC/2008 was just to gather votes and apparently had little to do with helping little people who lost their jobs in the crisis [which they were totally innocent for] be able to eat and pay the rent. he also asserts that MMT is wrong when it says that Gov. can get free dollars by borrowing them to deficit spend and then never stop rolling the loan over. He says the debt must be paid but can't think how. He like to assume things not in evidence, i.e. he makes assertions without any evidence.
      I provide evidence. Not proof, of course, because proof in economics is logical and depends on the assumptions all being accepted as true by the reader.
       
      Steve American, Mar 20, 2019
    #88
  8. Steve American

    Steve American Sex Lover

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    OTOH, it seems that there are a lot of views.
    It seems that people know that a new reply is a new video, and still they click of it anyway.
     
    1. BigSuzyB
      Never mind Statler and Waldorf.
       
      BigSuzyB, Mar 17, 2019
    #89
  9. Steve American

    Steve American Sex Lover

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    Radical Imagination: Imagining Economic Democracy with Richard Wolff & Stephanie Kelton
    1 hour, skip to 6:29 to get to the guests

    I liked it a lot.

    "According to a Pew Research Center report published earlier this month, the middle class represents less than half of the population and no longer dominates America. How can government rebalance the economy to favor the working class once again? This Sunday on The Radical Imagination; host Jim Vrettos, a sociology professor at John Jay College of Criminal Justice; sits down with guests, Richard Wolff and Stephanie Kelton, to discuss the idea of economic democracy. In a thought-provoking debate, the two economic scholars will give insight into the current state of the United States economy and offer strategies for promoting a more inclusive system that levels the playing field between private and public stakeholders. Dr. Wolff is a visiting economics professor in international affairs graduate program at The New School, founder of Democracy at Work and host of the Economic Update radio show. Dr. Kelton is the Chief Economist on the U.S. Senate Budget Committee, the Chief Economic Advisor to presidential candidate, Bernie Sanders, and an economics professor at the University of Missouri-Kansas City."
     
    #90
  10. Steve American

    Steve American Sex Lover

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    Close to 4 years old. The 2016 election did not go as he hoped. We got Trump, because the Dems didn't realize that the people wanted another hope and change candidate. So, they went with HRC and not Bernie.
    Dr. Kelton now teaches at Stony Brook.
     
    #91
  11. shootersa

    shootersa Frisky Feline

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    Captain America:
    See, there it is again: the fed just "creates" money. A great idea as long as consumers remain confident, inflation stays low, and those bonds are never cashed.
    Oh, wait.
    Government can just issue more bonds and the Fed can just print more money. And this makes sense to you? A government this irresponsible about the economy you want running our lives.

    Medicare? Shooter is on it. It covers ..... not much. The supplemental insurance he has does cover everything else. Average cost for this mandatory insurance (you know, cause shooter is over 65) is close to $400 a month, about what shooters insurance cost before he was forced into Medicare. The difference is shooter and his doctor decided tests and routine stuff. Under medicare the government decides that stuff. Medicare isn't a bad program, but it is at best no better than private insurance.

    Social security could be replaced by a much more effecient private program. In fact, it already exists. Its called a 401(k).

    Unemployment is already funded totally by employers and administered by the states. No federal government interference required. Except they are interfering. In 2008 to 2010 the Obama administration mandated up to an additional 18 months of benefits (the program was only designed to fund 6 months of benefits) without providing funding for them, bankrupting state funds and ultimately even the federal safety net, also funded by employers.

    The system needed 6 years to recover.
     
    1. Steve American
      We will have to agree to disagree.
      It isn't irresponsible because the Gov. is off the gold standard. It is a huge difference, as I see it.
      The problems with the Obama Admin. and unemployment insurance could have been solved with the dollars deficit spending allows now. But Obama doesn't grok MMT.
      Soc. Sec. is insurance. Like life insurance you get benefits right off if you need them. In 1983 Reagan changed Soc. Sec. from a pay-as-you-go system into a pay-ahead-of-time as well as pay for out parents. So, the tax was raised. It might be reduced now. And other taxes on Capital Gains and the filthy rich raised to replace the lost revenue.
       
      Steve American, Mar 18, 2019
    #92
  12. shootersa

    shootersa Frisky Feline

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    Coulda, shoulda, woulda...........

    Obama fucked up unemployment for political gain. Of course he coulda done it differently, but he didn't now, did he?

    We got Obamacare jammed down our throats before it was close to ready, again, politics.

    So, if private initiatives can do at least as well as government, why government??

    Why steal from the "filthy rich"??
     
    1. Steve American
      Taxing the filthy rich a lot more is not stealing. Stealing is defined as "unlawful taking".
      If stealing is redefined as "all taking in all circumstances", then child support payments are theft and so are court ordered payments in a civil suit. We should tax the rich more because they are the ones with all the money now. And they got it in a unfair way, legal but unfair [after they got the laws changed to allow it.]
      Your claim that Obama "fucked up" things for political gain is just your opinion. I see no evidence to back up your assertion. I have never heard that claim before, so it is not common knowledge that most will agree with.
      Why ask Gov. to deficit spend more? This is my restatement of your question. Deficit spending more is what MMT allows. What programs it does this with is not part of MMT and is up to Congress. Again, why ask Gov. to deficit spend? MMT's answer is as Dr. Kelton says to "balance the economy" instead of "balancing the budget".
       
      Last edited: Mar 19, 2019
      Steve American, Mar 19, 2019
    2. Steve American
      MMTers assert that to have all the people working and making a living it is necessary to have a growing money supply and that it is not good the do this with bank loans creating more dollars [as the Bank of England has said loans do] because bank loans create private debt that increases debt payments each year. That is borrowing more each year will always increase the payments due. At some point the people will be unable to make the next payment, then quite fast the banks stop lending. Then instead of loans adding to the spending, money supply, and incomes, the spending drops when the people can't borrow more and must keep making the payments. This is a common cause of recessions like the GFC/2008.
       
      Steve American, Mar 19, 2019
    3. Steve American
      OTOH, when the Gov. deficit spends, it adds to the money supply and to many someones' incomes and spending, but the bond will be rolled over forever. So, it doesn't cause a problem later when the payments can't be made. And remember, all the T-bonds in the world are the savings of the people, corps., and nations of the world. Viewed this way, why does everyone want to extinguish the savings of the world? Deficit spending adds to the world's savings. Isn't that a good thing? And, the programs the money is spent on should help the nation or the people of the nation. again a good thing, right?
       
      Steve American, Mar 19, 2019
    #93
  13. Steve American

    Steve American Sex Lover

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    Above, shooter claims that he is above needing to communicate clearly what he means.
    He seems therefore, to put the burden on the listener to somehow know when he is being unclear while seeming to be clear, and asking for clarification.
    This is just stupid. It makes so much more sense for our culture to put the burden on the speaker to be clear and not on the listener to know when the speaker's words don't represent what he means.
    shooter, please try to be more clear your life will be better for it.
     
    #94
  14. shootersa

    shootersa Frisky Feline

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    1) Shooter does not need to be schooled on how to communicate. If someone isn't getting it, they can ask what Shooter means. It is not Shooters job to make sure everyone understands what Shooter meant, in particular if they are intentionally being obtuse.
    2) The justification for taxing the rich, (according to Captain America) more is because a) they have the money and b) they got their money "unfairly". The first excuse is true but irrelevant, the second is neither accurate or verifiable. It is more accurate to say members of Congress got their money "unfairly", and it is verifiable (the Pelosi amendment is a good place to start to understand this).
    3) Yes, politics. Obama didn't extend unemployment benefits for up to 2 years out of the kindness of his heart, or because he thought it would end the recession. He did it for the votes.
    https://www.theguardian.com/world/2013/dec/07/barack-obama-unemployment-benefits
    4) But, we can pretty much "agree to disagree" with this statement; "Again, why ask Gov. to deficit spend? MMT's answer is as Dr. Kelton says to "balance the economy" instead of "balancing the budget". This reminds Shooter of his daughter coming home with armloads of shit she bought, and declaring "guess how much I saved today"!

    Plus, shooter has had about all he can stand of your arrogant preaching. He's looked into your "new money theory" and concluded that it is truly nothing more than propaganda that attempts to deal with the one big problem advocates of big government cannot answer; how to pay for all that free shit. It uses circular logic, arrogance and plain bullshit to sell it to mush headed collegians who have probably never had to balance anything fiscal in their lives.

    Here's the bottom line captain, and Shooter repeats it so the chances of misunderstanding him are minimized;

    There is no such thing as free when it comes to government handouts.
     
    1. Steve American
      shooter, when you say something worth disputing I'll respond.
      For now, 'what ever'.
       
      Steve American, Mar 19, 2019
    #95
  15. shootersa

    shootersa Frisky Feline

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    Shooter notes that he has been dismissed by Captain America;
    "Thank God! Shooter can move onto more relevant matters than some starry eyed fuzzy chinned spew about the economy."

    Later, dude!
     
    #96
  16. Steve American

    Steve American Sex Lover

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    http://bilbo.economicoutlook.net/blog/?p=41823&cpage=1#comment-62476
    Fake surveys and Groupthink in the economics profession
    Posted on Tuesday, March 19, 2019 by bill

    ...snip...
    A fairly long explanation of groupthink in other cases follows.
    Then some on groupthinkng currently n economics that attcks MMT.
    Followed by ---
    I also saw a report on this blog that Canada's governing party is going to campaign in the next election [this Oct.] on the basis of MMT says that a deficit is good because it allows the Gov. to spend a lot more on infrastructure that will help the grandchildren live a better life. Deficits are not a burden on future citizens because the bonds will be rolledover forever. And, there is no inflation risk given the current state of Canada's economy.
     
    #97
  17. Steve American

    Steve American Sex Lover

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    The Coming Collapse of Australia [according to] John Adams
    Reluctant Preppers, Published on Mar 15, 2019

    J. Adams is not an MMTer. but he does have a very good take on things anyway.

    To quote the blurb under the video ---
    "In every global financial recession and upset to date, Australia has been an injured bystander due to collateral damage. But this time, Australia's government, runaway debt, plundered gold reserves, and bursting real estate mega-bubble have set the stage for it [Aust.] to be the epicenter of the next global financial collapse.
    . . . John Adams, chief economist for Good as Gold Australia and founder of AdamsEconomics.com, joins Reluctant Preppers for this first-time interview on the scandalous facts signaling that Australia may indeed become the "black swan" from down under!"[end quote] emphasis mine

    It isn't any surprise then that he recommends that people buy gold because of the inflation that will happen when the crisis causes the Aust. Gov. to 'print dollars' to bail out the banks. But, I, as an MMTer, would point out that the US$27T that was used to bail out the banks in the GFC/2008 did not result in any inflation anywhere in the world. In fact Europe saw deflation.

    [I have to say that I do hope the crisis comes before the 2020 election in America. I say this because this would help the Progressive or Blue Wave to wash the Neo-liberal shit out of America. Hopefully at all levels of gov. And hopefully, out of the minds of the American people too.
    Adams points to signs that it is already starting in Aust. Signs like a drop in housing prices, a drop in new lending because of the recent Royal Commission report, and people starting to lose their jobs as a result of these things.]
     
    #98
  18. shootersa

    shootersa Frisky Feline

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    Reminding Shooter once again;
    Figures never lie
    Liars figure.
     
    1. BigSuzyB
      Just back to knock over some chess pieces?
       
      BigSuzyB, Mar 26, 2019
      submissively speaking likes this.
    #99
  19. shootersa

    shootersa Frisky Feline

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    Knock over chess pieces?
    Why no, not at all.
    Back to poke the "Debt doesn't matter" mush brains.
    You know, cause it's fun to watch the reaction.
     
    1. Steve American
      Whatever.
      Do you really think this was worthy of refuting? My brains are not that mushy, but maybe yours are.
       
      Steve American, Mar 27, 2019