Everybody except Democrats sees inflation as the big issue

[doubleover]

What precisely is a long time? I get that you're still the new kid on the block here and for whatever reason you think you're hot shit but you're not. We have very, very long memories on Lit especially the Libs and if you start checking our join dates many of us have been here for decades.

Everyone knows that the longer you're been on this forum the smarter you are. Kinda like Biden
being in politics his whole life and being so smart. Too funny!

 

[Seadog777]

The inflation of the 1970's was caused by increases in the world price of petroleum. These increases in turn were caused by the OPEC Oil Boycott of 1973 and the Iranian Revolution of 1979. Republicans did not want to acknowledge this because they did not want to admit that American dependence on automobile transportation is a national problem and they did not want to believe that foreigners they disliked had considerable control over the U.S. economy.

Instead they blamed Keynesian economic policies. They never liked Keynesian policies because they shifted wealth, power, and prestige from the business community to the government. Keynesian economic policies had been designed to fix the different problems of the Great Depression. The Great Depression was not caused by the shortage of a natural resource that was essential to the U.S. economy. Also, during the Great Depression the problem was not inflation, but deflation.

Current inflation has been caused by decades of deficit spending caused by decades of Republican tax cuts for the rich and increases in military spending. If the GOP does well in the next two elections there will be more tax cuts for the rich and more increases in military spending.

As someone who served our country on 5 continents, multiple regimes changes throughout the world,

MILITARY NEEDS MORE FUCKING MONEY.

We got serviceman in combat without body armor for fucks sake.

Blaming everything on one party or the other, shows how fucking stupid a person is too.

You're right on the BS Kenyan Policy blame and about The Great Depression.

 

[pecksniff]

As someone who served our country on 5 continents, multiple regimes changes throughout the world,

MILITARY NEEDS MORE FUCKING MONEY.

We got serviceman in combat without body armor for fucks sake.

Blaming everything on one party or the other, shows how fucking stupid a person is too.

You're right on the BS Kenyan Policy blame and about The Great Depression.

We already spend more on defense than the next ten biggest-spending nations combined. We have a global network of military bases like the British Empire at its height never had. We have the mightiest and most expensive military force in all of human history. And we need to spend more on it?!

 

[Seadog777]

We already spend more on defense than the next ten biggest-spending nations combined. We have a global network of military bases like the British Empire at its height never had. We have the mightiest and most expensive military force in all of human history. And we need to spend more on it?!

Yes we fucking do.

I'll also say this, if we stop pissing away a lot of money, the increase wouldn't actually be that much. Numbers are always always always overblown in the media. That's from both sides too.

As for "global network of military bases", most of them are needed, some should be closed down. Especially with today's technological advancements. Some are shared bases and not even our jurisdiction.

 

[JohnEngelman]

As someone who served our country on 5 continents, multiple regimes changes throughout the world,

MILITARY NEEDS MORE FUCKING MONEY.

We got serviceman in combat without body armor for fucks sake.

Blaming everything on one party or the other, shows how fucking stupid a person is too.

You're right on the BS Kenyan Policy blame and about The Great Depression.

 

[Seadog777]

View attachment 2150852View attachment 2150853

Yes, lots of pretty colors. Big fucking deal.

Been there, seen it, brought back and buried dead friends, because of the lack of appropriate funding and proper use of said funds.

 

[JohnEngelman]

Yes, lots of pretty colors. Big fucking deal.

Been there, seen it, brought back and buried dead friends, because of the lack of appropriate funding and proper use of said funds.

The best financed, best equipped military could not defeat the Taliban. You can't blame that on the Democrats. Republican presidents George W. Bush and Donald Trump could not win.

 

[Seadog777]

The best financed, best equipped military could not defeat the Taliban. You can't blame that on the Democrats. Republican presidents George W. Bush and Donald Trump could not win.

We were NOT even fucking adequately equipped.

I personally, do not blame Democrats or Republicans.

What's going on in almost all of those countries are Ideological Religious Civil Wars.

We shouldn't have been there, just like Russia shouldn't have been there before us(10 years).

 

[JohnEngelman]

Claiming that the U.S. military is not funded well enough is like claiming that the War on Poverty needs more money.

----------

The War on Poverty After 50 Years​

September 15, 2014 14 min read Download Report
Authors:Rachel Sheffield and Robert Rector

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. Yet progress against poverty, as measured by the U.S. Census Bureau, has been minimal.
https://www.heritage.org/poverty-an...MI4vjKgsf69wIVfMmUCR2EyQY-EAAYASAAEgJC7fD_BwE

----------

The U.S. military is another expensive government spending program that does not work. The reason we spend more on this wasteful boondoggle than Russia, China, North Korea, and a few other countries combined is that military contractors are major Republican donors, and the U.S. military is the GOP jobs program.

 

[ll74]

Talk about talking past each other. Yes, the military is well funded. Yes, the military is not funded well.

There is a difference and both are true.

 

[Sh1ne0n67]

That chart is flawed.

Most countries pay $2 for a hammer.
The US is fleeced $200 by its contractors.


__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[Sean Renaud]

Look at all the dick sucking above. Yeah pups, been a while, a man of my word. These are negative traits to conservatives.

 

[Rightguide]

Democrats lie about it because they know they caused it and have no interest in being dragged out into the street by angry mobs of broke Americans.

 

[ll74]

Democrats lie about it because they know they caused it and have no interest in being dragged out into the street by angry mobs of broke Americans.

Inflation was not caused by Democrats you dipshit

 

[JohnEngelman]

That chart is flawed.

Most countries pay $2 for a hammer.
The US is fleeced $200 by its contractors.


__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

Whose fault is that? The U.S. military should be competent enough to avoid paying $200 for a hammer.

 

[JohnEngelman]

Democrats lie about it because they know they caused it and have no interest in being dragged out into the street by angry mobs of broke Americans.

Inflation is caused by deficit spending, which in turn is caused by tax cuts for the rich and increases in military spending for a bloated military budget. Despite all that money going to the United States of Offense, the U.S. military could not defeat the Taliban in twenty years.

 

[AlexBailey]

We pumped a lot of stimulus money into the economy and didn't tax it back out. Wealthy people have been buying up real estate, inflating the cost of living for everyone.

Can't tax the rich or they won't want to get rich.

 

[Rightguide]

Inflation is caused by deficit spending, which in turn is caused by tax cuts for the rich and increases in military spending for a bloated military budget. Despite all that money going to the United States of Offense, the U.S. military could not defeat the Taliba

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

"No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money."

Milton Friedman

 

[JohnEngelman]

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

"No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money."

Milton Friedman

Milton Friedman told his students at the University of Chicago, "There is no such thing as a free lunch." Then he accepted the delusion promoted by Ronald Reagan during his 1980 presidential campaign that as president Reagan could cut taxes, raise military spending, and balance the budget without cutting middle class entitlements. All that would be necessary would be to reduce "waste, fraud, and abuse." He never defined what this "waste, fraud, and abuse was."

 

[Rightguide]

Milton Friedman told his students at the University of Chicago, "There is no such thing as a free lunch." Then he accepted the delusion promoted by Ronald Reagan during his 1980 presidential campaign that as president Reagan could cut taxes, raise military spending, and balance the budget without cutting middle class entitlements. All that would be necessary would be to reduce "waste, fraud, and abuse." He never defined what this "waste, fraud, and abuse was."

It's really pretty simple. Spend and borrow within our means:

Higher government spending will not lead to more rapid monetary growth and inflation if additional spending is financed either by taxes or by borrowing from the public. In that case, government has more to spend, the public has less. Higher government spending is matched by lower private spending for consumption and investment. However, — Milton Friedman

 

[AlexBailey]

It's really pretty simple. Spend and borrow within our means:

Higher government spending will not lead to more rapid monetary growth and inflation if additional spending is financed either by taxes or by borrowing from the public. In that case, government has more to spend, the public has less. Higher government spending is matched by lower private spending for consumption and investment. However, — Milton Friedman

So you agree that higher taxes on the wealthy will help curb inflation?

 

[Rightguide]

So you agree that higher taxes on the wealthy will help curb inflation?

No I don't. Inflation isn't caused by tax rates. It's caused by corrupt politicians who print money they cannot tax the American people for through the democratic process and survive in office.

 

[JohnEngelman]

It's really pretty simple. Spend and borrow within our means:

Higher government spending will not lead to more rapid monetary growth and inflation if additional spending is financed either by taxes or by borrowing from the public. In that case, government has more to spend, the public has less. Higher government spending is matched by lower private spending for consumption and investment. However, — Milton Friedman

The implication of this quote is that deficit spending leads to "lower private spending for consumption and investment." This is not what happens from deficit spending. Milton Friedman had the obligation to condemn the Republican policy of cutting taxes while raising military spending. He did not.

 

[AlexBailey]

No I don't. Inflation isn't caused by tax rates. It's caused by corrupt politicians who print money they cannot tax the American people for through the democratic process and survive in office.

? That almost made grammatical sense.

It sounds like you're blaming politics rather than the economic mechanisms. Set aside the emotion for a minute and please explain how taxing higher rates on the wealthy will not affect the soaring prices of the real estate market.

 

[JohnEngelman]

No I don't. Inflation isn't caused by tax rates. It's caused by corrupt politicians who print money they cannot tax the American people for through the democratic process and survive in office.

You are describing Republican presidents and Congressional representatives who cut taxes, while raising military spending.