Tuesday, June 27, 2017

How Republicans can explain how we cannot afford it

Republicans have this permanent game on: they can’t explain why the most productive country in the world cannot afford what everybody else can afford today …

… so they project the “cost” 40 years out and pretend that your grandchildren wont be able to afford it. How many people can realistically forecast in their minds 40 years out? So they fall for it — the far distant mirage.

Assuming the debt does pile up — thanks to Republican tax cuts for the rich and our unwillingness to pork the poor over them — our grandchildren and great grandchildren will have more money than we have to pay it off thanks to decades of productivity growth — but they wont pay; they will leave it for their great grands — who won’t pay for … . Nothing that would get me up early in the morning to work on it.

PS. Just who would we owe all this money to — ourselves mostly? To the Chinese can only loan us money left over when we buy stuff but neglect to sell them anything back. Cumulative GDP over next two generations something over 1,000 trillion — that would be a lot of stuff. To the great grandchildren of the rich who loaned the government money rather than pay taxes? Once unions return rule to the average person we can just confiscatory tax most of that back.

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