Prickly City by Scott Stantis for May 23, 2023

The feds own the printing press

Once again: Republicans never EVER mention tax cuts in connection with the deficit.

Worse than that: They somehow believe that tax cuts for the rich and for patriotic multinational corporations will benefit them personally.

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They can never explain, or even acknowledge either statement.

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Deficits and budgets are just more ‘issues’ to weaponize and LIE about.

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I wonder if Stantis has ever had a mortgage?

distinctly

I get tired of people comparing government to a family or a business. Government is not a family and it is not a business. If he government wasn’t in at least SOME debt, how could people invest in treasury bonds?

The problem isn’t too much spending, it’s that the RW wants to stifle revenue collection. It would go a long way toward sanity if we just forced the people who owe taxes to PAY THEM; start by not incentivizing people to make their tax situation so complicated that the IRS can’t audit them and taking the word of their accountants. Also, I know making the rich pay what would seem to be a fairer share wouldn’t solve the problem, but it would make wage-earners feel a little less like the whole burden is on them

What business cuts its own revenue?

People talk about “printing more money,” but they don’t just print money to pay debts. It’s issued to banks.

On the other hand, banks create money all the time. There is FAR more money banks have out on loan than exists. How is that possible? If you borrow $500,000, they don’t do get $500,000 and hand it to you, they just type a number into a computer. Wham, they just created $500,000, that you have to pay back in REAL money.

great idea, which is oddly tied to cicadas, only appearing when a Dem is in the White House

I’ve got a sinking feeling that the far right is going to force this country into defaulting. This is the equivalent of taking the country down with them. They won’t even look at closing tax loopholes much less raising taxes on the very wealthy that can easily pay more and never miss the extra money they would pay. They’d rather stick it to the middle class and poor. So much for more equity in this country

It’s ok to compare the US government to your family, if you’re immortal.

And that is why we need to go back on the Gold Standard, but it will never happen.

Uh…no. Kim Kardashian alone is a billionaire. I’m no fan of being famous for being famous, but they earn and spend real money.