I can show they are all wrong about inflation. Stimulus checks didn’t cause inflation, but if anything they kept it from getting worse. What caused inflation was the Fed pumping money into the system when it wasn’t needed. Money supply hit all-time high in December 2020. Look it up. Read my paper (no complicated equations) http//www.discenza.com/discenza-Inflation.pdf.
The idea of $5k stimulus checks is being floated to distract GOPers from the Congressional budget that Republicans are determined to pass, that will perpetuate tax cuts for the wealthy and corporations, while cutting back on anti-poverty, education funding, and healthcare programs/funds that millions of Americans rely on, including high numbers in Republican districts. Elon Musk has not found barely any actual "fraud and abuse" and they are playing all kinds of dumb games with the data to try to make it appear that he has. So there are no savings of any size large enough to pay Americans $5k without adding massively more to the budget deficit - which the GOP budget plan already will be blowing up BIGLY.
Comparing it to Robin Hood is beyond parody. Musk and Trump are intentionally destroying our federal government, a huge source of jobs and economic funding. GOPers in Congress are destroying our safety net (either outright, or by underfunding to the point that destruction is inevitable). I guess at the point when unemployment shoots back up, the housing market sags because of unemployment, personal bankruptcies mount, Americans are dying from flu because they lack health insurance or measles since they aren't vaccinated, and GDP is down, they could justify another round of stimulus checks since it would be a recession (or worse?) but what good do those accomplish when the rest of the world is boycotting us because they hate us or actively targeting our businesses with their own tariffs, because we have pissed off all our biggest trading partners with dumb tariffs? The tariffs and anger at America are going to cause such inflation and other negative economic effects that a $5k handout would be welcome no doubt, but be of little help and of course adding to the deficit in that scenario is going to raise the country's interest rate on its debt as our creditors are likely to wonder if we'll default under Trump/Musk and this pliant GOP Congress.
In other words...the comparison to Robin Hood would work if he had stolen from the average folk to give their money to the rich, and then redistributed a small portion of those ill gotten gains back to the poor. Trick down is the best, amiright??!! NOT
I can show they are all wrong about inflation. Stimulus checks didn’t cause inflation, but if anything they kept it from getting worse. What caused inflation was the Fed pumping money into the system when it wasn’t needed. Money supply hit all-time high in December 2020. Look it up. Read my paper (no complicated equations) http//www.discenza.com/discenza-Inflation.pdf.
You’re always way beyond my threshold for pain. Thanks
The idea of $5k stimulus checks is being floated to distract GOPers from the Congressional budget that Republicans are determined to pass, that will perpetuate tax cuts for the wealthy and corporations, while cutting back on anti-poverty, education funding, and healthcare programs/funds that millions of Americans rely on, including high numbers in Republican districts. Elon Musk has not found barely any actual "fraud and abuse" and they are playing all kinds of dumb games with the data to try to make it appear that he has. So there are no savings of any size large enough to pay Americans $5k without adding massively more to the budget deficit - which the GOP budget plan already will be blowing up BIGLY.
Comparing it to Robin Hood is beyond parody. Musk and Trump are intentionally destroying our federal government, a huge source of jobs and economic funding. GOPers in Congress are destroying our safety net (either outright, or by underfunding to the point that destruction is inevitable). I guess at the point when unemployment shoots back up, the housing market sags because of unemployment, personal bankruptcies mount, Americans are dying from flu because they lack health insurance or measles since they aren't vaccinated, and GDP is down, they could justify another round of stimulus checks since it would be a recession (or worse?) but what good do those accomplish when the rest of the world is boycotting us because they hate us or actively targeting our businesses with their own tariffs, because we have pissed off all our biggest trading partners with dumb tariffs? The tariffs and anger at America are going to cause such inflation and other negative economic effects that a $5k handout would be welcome no doubt, but be of little help and of course adding to the deficit in that scenario is going to raise the country's interest rate on its debt as our creditors are likely to wonder if we'll default under Trump/Musk and this pliant GOP Congress.
In other words...the comparison to Robin Hood would work if he had stolen from the average folk to give their money to the rich, and then redistributed a small portion of those ill gotten gains back to the poor. Trick down is the best, amiright??!! NOT
So stimulus checks from Joe Biden: Bad! Stimulus checks from Donald Trump and Elon Musk: Good! Okay, that's easy enough to understand!