Monday, October 4, 2021

Joe Manchin's phoney trillion dollar trilogy.

 $5.4 trillion over six months -- compares to $3.5 trillion over ten years -- how? 

Even if we were leaving the bill for our grand kids -- GDP $20 trillion a year today -- 50% more population -- 50% more per capita income -- $45 trillion econ output 40 years from now (two generations).  Meantime $3.5 trillion sinks to $1 trillion with inflation.  Just saying.

Can't pay for Social Security today, Joe?  Trust Fund depleting?  Wanna build another Trust Fund for future?  Trust Funds make a lot of sense: you raise taxes decades earlier when the economy is less productive and the nation is less populous.  Then, you keep taxes lower in the future when we are more productive and more over crowded.  Smart.

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