04-01-2017, 10:12 PM
(04-01-2017, 09:41 PM)Kinser79 Wrote: Two nitpicks Rags:
Don't you mean 400 billion with a "B"?
and
But, but but, don't we need the immigrants to keep the social security and welfare ponzi schemes working?*
*note: Not my actual position
1. Yes, that's a B, as in Billion, not an M as in million. M ybad.
2. I'm pretty sure robots / other technology will make lots of jobs redundant. As for Social Security, I think popping the cap would do something. As for "welfare, I'm guessing, WIC, SNAP, etc. That money can be part of the 400 billion dollars I'd lop off the MIC.
3. MMT? That would work if some built in mechanism were added to force tax raises when inflation reaches a certain level. I don't trust politicians since they never cut spending / raise taxes when the economy if overheating and always cut taxes / raise spending in depressed times.
---Value Added 