And They're Off! The Democratic Candidates for 2020

[Todd]

The staggering cost of Elizabeth Warren's plans: $4.2 trillion per year

Ethically quoting from the article:

Altogether, the Massachusetts senator's agenda would require $4.2 trillion per year in new federal spending, and a like amount in new taxes, if she paid for everything without issuing new debt. The federal government currently spends about $4.4 trillion per year, so Warren's plans would nearly double federal spending.

Don't know if this has been posted and carefully and thoughtfully considered, as is the custom of members of the GMG Big Brain Brigade, and yes, I know it's from Yahoo!, but the numbers are quite delightful.  No doubt there are mush-brained lefties, including some on this very forum, who will believe that such idiocy has a chance of becoming law.

[Muzio]

Well, I did not take the time to read the stuff about Australia.  Why?  I'm not particularly interested.  Let Aus. be Aus.  Same with Israel.  It is situational.  I happy that they do what they need to do for their own survival.

Israel is a shining city in the desert.  The Palestinians, bless their war-mongering hearts, can't even properly feed themselves.

[drogulus]

The staggering cost of Elizabeth Warren's plans: $4.2 trillion per year

Ethically quoting from the article:

Don't know if this has been posted and carefully and thoughtfully considered, as is the custom of members of the GMG Big Brain Brigade, and yes, I know it's from Yahoo!, but the numbers are quite delightful.  No doubt there are mush-brained lefties, including some on this very forum, who will believe that such idiocy has a chance of becoming law.

     It is idiocy and won't become law. An expanding economy, however it's done, can't help sending more tax back. Most analysis assumes a big tax will be imposed to shrink the economy before any spending is done to expand it. That's not how it's usually done. We want to know how much tax will come back from income spent into the economy. A big spend means a big tax return. That's how we got a ~60% increase in "revenue" since the GR. Did anyone see a 60% tax rate increase?

[drogulus]

The Palestinians, bless their war-mongering hearts, can't even properly feed themselves.

     This is true in Gaza.

     One million face hunger in Gaza after US cut to Palestine aid

The UNRWA, created in 1949 to provide short-term relief for Palestinian refugees after the 1948 Arab-Israeli conflict, runs schools, hospitals and social services in five areas including the West Bank, Jordan, Lebanon and Syria.

It is largely propping up Gaza, subject to a total blockade by air, land and sea since 2007. Political stalemate, conflict with Israel and divisions among Palestinian factions have left the territory an economic ruin, without health and social services and with almost no access to clean water and only four or five hours of electricity a day.

     Many Gazans would take jobs in Israel if they could, and then be able to feed themselves, and the money would be spent on into the local economy, lifting the standard of living.

[Todd]

     It is idiocy and won't become law. An expanding economy, however it's done, can't help sending more tax back. Most analysis assumes a big tax will be imposed to shrink the economy before any spending is done to expand it. That's not how it's usually done. We want to know how much tax will come back from income spent into the economy. A big spend means a big tax return. That's how we got a ~60% increase in "revenue" since the GR. Did anyone see a 60% tax rate increase?

[drogulus]

     Since Hamilton it's been understood that large projects by the money sovereign would not be paid for with old dollars but by new issuance. Taxing old dollars back would destroy the economy.

Debt Decline Years    Debt Decline    Depression Start
1817–1821               29%            1819
1823–1836    Debt eliminated    1837
1852 to 1857               59%            1857
1867 to 1873               27%            1873
1880 to 1893              >50%             1893
1920–1930    Approx 33%             1929

     The interesting thing is not just that debt reduction causes depressions, even more interesting is that these are the only depressions we've had. I suggest that attempting to pay for a big program like Medicare for All by taxing away old money would be insane. Why do something insanely when we could easily sanely do it by not raising taxes? Create the dollars and tax back for inflation if it shows up. In the meantime watch the tax come roaring back on its own, like it does with no one lifting a finger.

[SimonNZ]

[
Ethically quoting

Worried much about the copyright on the cover art you post in the Listening thread?

[SimonNZ]

Kamala Harris skipping South Carolina forum over Trump award

"Democratic presidential hopeful Kamala Harris is pulling out of a South Carolina criminal justice forum over organizers' handling of President Donald Trump's appearance.

Soon after her announcement, the mayor of South Carolina's capital city, Columbia, and a co-host of the event said he was organizing an alternative forum at Benedict College, a historically black college, for any candidates who wished to participate, with Harris' campaign confirming she would be among them.

"I honestly wanted to give everyone else another option," Columbia Mayor Steve Benjamin told The Associated Press about his event, which will be held with the theme "Students First" in a college chapel.

As of Friday night, Benjamin said Cory Booker and Joe Biden, and likely Bernie Sanders, planned to attend his event, as well as the original forum.

Earlier Friday, Harris' campaign said she would skip the 20/20 Bipartisan Justice Center event Saturday in objection to the group's decision to give Trump its Bipartisan Justice Award, which she received in 2016.

"Donald Trump is a lawless President," the California senator said in a statement. "Not only does he circumvent the laws of our country and the principles of our Constitution, but there is nothing in his career that is about justice, for justice, or in celebration of justice."

Trump received the award Friday for his work on criminal justice reform with the First Step Act, which has allowed thousands of nonviolent offenders to gain early release from federal prison.

Harris had been among 10 Democrats expected at the forum over the weekend.

She also complained that only a handful of Benedict students were ticketed for Trump's appearance. Most seats were occupied by administration officials and Trump supporters."

[drogulus]

     'We're Asking You to Dig Deep': Biden Seeks to Steady Finances as Allies Fret

     I didn't anticipate Biden having money problems. How does he raise less money than Mayor Pete?

[Muzio]

Biden appears to drop his opposition to a super PAC
https://www.washingtonpost.com/politics/biden-appears-to-drop-his-opposition-to-a-super-pac/2019/10/24/c93e7b2a-f693-11e9-a285-882a8e386a96_story.html

[Todd]

     Since Hamilton it's been understood that large projects by the money sovereign would not be paid for with old dollars but by new issuance. Taxing old dollars back would destroy the economy.

Debt Decline Years    Debt Decline    Depression Start
1817–1821               29%            1819
1823–1836    Debt eliminated    1837
1852 to 1857               59%            1857
1867 to 1873               27%            1873
1880 to 1893              >50%             1893
1920–1930    Approx 33%             1929

     The interesting thing is not just that debt reduction causes depressions, even more interesting is that these are the only depressions we've had. I suggest that attempting to pay for a big program like Medicare for All by taxing away old money would be insane. Why do something insanely when we could easily sanely do it by not raising taxes? Create the dollars and tax back for inflation if it shows up. In the meantime watch the tax come roaring back on its own, like it does with no one lifting a finger.

A Battle of Chattanooga level victory in your ongoing war on syntax.

Worried much about the copyright on the cover art you post in the Listening thread?

A slightly better than mediocre deflection.  For you, that rates as a solid A.  Good job!

[drogulus]

     Depressions cause the debt to explode. It kind of makes you wonder if they are worth it.

     Undoubtedly Warren will bow to the inevitable and do a howyougonna for the media. That will get her over a pointless "rite of passage" hurdle.

[drogulus]

     Stop fearmongering about 'Medicare for All.' Most families would pay less for better care.

Pediatrician Donald M. Berwick, president emeritus and senior fellow at the Institute for Healthcare Improvement, is a lecturer and former faculty member at the Harvard Medical School and was administrator of the Centers for Medicare and Medicaid Services in the Obama administration.

     My observations assumed net positive costs IOW expansionary. Along comes this guy who is good at knowing how costs shift and he says it's not net positive, not even a fake problem. Should I stand my ground and insist that yes, it will be a fake problem? 

[71 dB]

Republican Bill Weld who is running for President was in the meet and greet of Politicon, but didn't have nearly as much people in line than the guy next to him and that guy was Kyle Kulinski. 

     Stop fearmongering about 'Medicare for All.' Most families would pay less for better care.

Pediatrician Donald M. Berwick, president emeritus and senior fellow at the Institute for Healthcare Improvement, is a lecturer and former faculty member at the Harvard Medical School and was administrator of the Centers for Medicare and Medicaid Services in the Obama administration.

     My observations assumed net positive costs IOW expansionary. Along comes this guy who is good at knowing how costs shift and he says it's not net positive, not even a fake problem. Should I stand my ground and insist that yes, it will be a fake problem?

Medicare-for-all is a real problem for Big Pharma and insurance companies because it ends their ability to act as a greedy mafia. That's why there is all this fearmongering in the first place. Big Pharma and insurance companies have bought politicians (and corporate media) to do that fearmongering instead of doing what's good for regular americans. The least corrupt of the candidates is Bernie Sanders and surprise surprise he is the one advocating medicare-for-all the most.

[Muzio]

[Karl Henning]

(*yawn*)

[drogulus]

(*yawn*)

     It doesn't seem to work. The public is getting the Trump story and it says he's trying to frame Sleepy Joe for what his son did, get paid for his last name. It's an easy story to understand, and based on recent polling it's understood. Hunter is an embarrassment to his father. That's it.

[SimonNZ]

Oh the irony

Because I know someone who really is getting subpoena coladas for getting caught in Ukraine

And has only half a brain. And clearly isn't into yoga.

[Christabel]

The tread title is accurate;  they must certainly are off.  Very off.

[Muzio]

     It doesn't seem to work. The public is getting the Trump story and it says he's trying to frame Sleepy Joe for what his son did, get paid for his last name. It's an easy story to understand, and based on recent polling it's understood. Hunter is an embarrassment to his father. That's it.

Oh the irony.  Because I know someone who really is getting subpoena coladas for getting caught in Ukraine  And has only half a brain. And clearly isn't into yoga.

You guys are totally clueless, but provide an always-on laughtrack!