General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPre-scripted talking point "The CBO is wrong!" Typical cult stuff
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C_U_L8R
(47,381 posts)Lying-ass idiots.
snowybirdie
(6,120 posts)When they were amassing their billions!
boonecreek
(983 posts)they're still pushing supply side economics
unblock
(55,171 posts)Poor people spend marginal income domestically far more than rich people, who use their marginal income much more for investments, often overseas.
So I bill that massively resistributes wealth from the poor to the rich markedly dampens consumer spending, with a multiplier effect, which means lower gdp.
Theoretically, increasing the deficit stimulates the economy, except how you're spending the money matters. In this case, they're mostly stimulating overseas investment, especially when combined with the random tariff policies and random kidnapping of workers, which makes America a hostile place to do business.
They are torching the consumer, the engine of our economy.