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Update: Senate shelves the BBB Act

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CayceG

CayceG

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Posted
4 minutes ago, sblfilms said:

It would be cool if we could regularly pass more narrowly tailored spending bills instead of everything having to be these huge multifaceted things where it ends up being all or nothing :/ 

 

I maintain that getting rid of pork barrel spending was one of the worst funding-related legislation decisions in our lifetimes. 

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Xbob42

Xbob42

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We keep setting impossible goals for ourselves by fighting abstract concepts rather than actual nations, which we'd probably win pretty handily, again, assuming we had a reasonable and attainable goal instead of "CHANGE THE IDEOLOGY OF THE NATION" or "FIGHT THE CONCEPT OF TERROR ITSELF" or other cockamamie bullshit. Which is why cutting the defense budget would be good! Spend that money on something tangible instead of a bunch of dumb bullshit campaigns that are destined to fail or a bunch of new jets that suck ass or a new tank that can shit itself then wipe its own ass or whatever all of that defense budget goes to.

 

Also maybe change the "use it or lose it" budgets that a bunch of the government deals with where they feel compelled to spend money even if on nothing so next year's budget doesn't get squashed. What the fuck is that about? Of course they're spending money on a jet with legs that can play the violin, if they don't spend it on something it's gone next year. Go lean for a few years, because limitations breed innovation while limitless budget often does the opposite, and invest in cool infrastructure like cross-country high speed trains and intra-city high speed trains and other ways to make high speed trains.

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Signifyin(g)Monkey

Signifyin(g)Monkey

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12 hours ago, Xbob42 said:

We keep setting impossible goals for ourselves by fighting abstract concepts rather than actual nations, which we'd probably win pretty handily, again, assuming we had a reasonable and attainable goal instead of "CHANGE THE IDEOLOGY OF THE NATION" or "FIGHT THE CONCEPT OF TERROR ITSELF" or other cockamamie bullshit. Which is why cutting the defense budget would be good! Spend that money on something tangible instead of a bunch of dumb bullshit campaigns that are destined to fail or a bunch of new jets that suck ass or a new tank that can shit itself then wipe its own ass or whatever all of that defense budget goes to.

 

Also maybe change the "use it or lose it" budgets that a bunch of the government deals with where they feel compelled to spend money even if on nothing so next year's budget doesn't get squashed. What the fuck is that about? Of course they're spending money on a jet with legs that can play the violin, if they don't spend it on something it's gone next year. Go lean for a few years, because limitations breed innovation while limitless budget often does the opposite, and invest in cool infrastructure like cross-country high speed trains and intra-city high speed trains and other ways to make high speed trains.

Honestly so long as the dollar remains the world reserve currency we can run the deficits needed to pay for it all.  Foreign central banks and domestic savers aren’t going to say ‘no’ to more treasury bonds until something else is used to settle international transactions.

 

Skeptics will cry ‘but inflation!’ but the truth is that inflation will largely be dictated by other factors than the domestic budget deficit.  Some of them we have some leeway to control—if we really wanted a weaker dollar there are ways, whether to monetize our own debts or not is up to us, most especially the Fed, if we really wanted a stronger dollar there are ways to achieve that too—but most of those factors are outside of our ability to determine.

 

The net effects of the programs we’re putting in place with all this spending (defense included) should be what’s being discussed when we talk about whether to cut it or not, not the size of the deficit.

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b_m_b_m_b_m

b_m_b_m_b_m

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1 hour ago, Signifyin(g)Monkey said:

Honestly so long as the dollar remains the world reserve currency we can run the deficits needed to pay for it all.  Foreign central banks and domestic savers aren’t going to say ‘no’ to more treasury bonds until something else is used to settle international transactions.

 

Skeptics will cry ‘but inflation!’ but the truth is that inflation will largely be dictated by other factors than the domestic budget deficit.  Some of them we have some leeway to control—if we really wanted a weaker dollar there are ways, whether to monetize our own debts or not is up to us, most especially the Fed, if we really wanted a stronger dollar there are ways to achieve that too—but most of those factors are outside of our ability to determine.

 

The net effects of the programs we’re putting in place with all this spending (defense included) should be what’s being discussed when we talk about whether to cut it or not, not the size of the deficit.

Borderline mmt pilled

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  • Commissar SFLUFAN changed the title to Update: BBB has passed the House (220-213)

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