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Economics Discuss Trump's Second-Term Plan For Social Security: Starve The Beast at the Political Forums; Originally Posted by ShivaTD False. Increased demand results in the expansion of enterprise to meet the demand. If the demand ...

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Old 08-29-2019, 09:51 AM
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Default Re: Trump's Second-Term Plan For Social Security: Starve The Beast

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Originally Posted by ShivaTD View Post
False. Increased demand results in the expansion of enterprise to meet the demand. If the demand exists then the funding for expansion exists based upon the gross profits of the enterprise. Reinvestments in the enterprise are tax deductible while tax cuts only address net profit after the expansion is paid for.



Keynes did not propose paying for a stimulus by taxing after the stimulus. Keynes proposed taxing during economic expansion so that a "rainy day fund" would exist when a recession eventually materialized. Instead of a $22 trillion national debt right now we should have a $10 trillion surplus in the Treasury because of our expanding economy that started under the Obama administration.

If Bush hadn't cut taxes and doubled the national debt during his eight years in office the Obama Administration wouldn't have had to borrow money for the recovery in 2009-2010.
Another collection of falsehoods from you.

Capital investment, not demand is what drives economic expansion. Increased demand just drives up prices and profits. Until capital investment expands production capacity to catch up prices will remain high. When demand is inflated by government meddling such as increasing food stamps everyone has to pay the higher prices just to eat. The poor and middle class who Progressive Democrats claim to want to help suffer while elites like the Obamas can indulge their taste for Wagyu beef at $250 a pound or more.

Explain the emergence of the iPhone in terms of increased demand drives production increases. There was no market for the product, its introduction created one no government meddling required.

Obama's toxic stimulus plan was entirely financed by increasing the national debt. The national debt has to be serviced by revenues from the current tax year general fund. That means future tax payers have to pay for today's stimulus.

There is no such thing as a "rainy day fund" held by the Federal government. The Federal government doesn't have a mattress or savings account to deposit the funds into like the SS fake trust fund.
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Old 08-29-2019, 11:18 AM
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Default Re: Trump's Second-Term Plan For Social Security: Starve The Beast

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There is no such thing as a "rainy day fund" held by the Federal government. The Federal government doesn't have a mattress or savings account to deposit the funds into like the SS fake trust fund.
Great point. All levels of government will spend every dollar they get their hands on for fear that if they don't, they won't get that amount the following year. Very rarely does a government agency ever NOT spend the entirety of their budget and any excess they get their hands on. The best way to cut government spending is to not let them get their hands on it in the first place. But as history has shown, they will just borrow whatever amount they think they need.
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Old 08-31-2019, 08:06 AM
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Default Re: Trump's Second-Term Plan For Social Security: Starve The Beast

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Great point. All levels of government will spend every dollar they get their hands on for fear that if they don't, they won't get that amount the following year. Very rarely does a government agency ever NOT spend the entirety of their budget and any excess they get their hands on. The best way to cut government spending is to not let them get their hands on it in the first place. But as history has shown, they will just borrow whatever amount they think they need.
SS was created with a phony trust fund filled with special purpose bonds "sold" to it. The fake sale freed up funds into general revenue for spending. The so-called trust fund was not robbed, it was designed that way.

Now that the ratio of workers to recipients has shifted thanks to baby boomers retiring the trust fund IOU are claiming an ever increasing share of general fund revenues. Just like so many other problems Democrats attack respond with demogoguery instead of solutions.
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