Stop with the scary charts showing our debt exponentially growing every year. Just turn the chart upside down as instructed by MMT followers and watch the magic happen, no more worries. Now, let’s appropriate more money for those EV chargers as we’ll need more than the four the government has completed so far.
It's such a perfect ending to the floating pier and epitomizes the Biden administration, because the pier was built purely for virtual signaling to look like Biden is trying to help the Palestinians. Everything Biden's handlers do is for ostentatious political reasons and to hell with the reality of the situation.
And then there are the unfunded off balance sheet liabilities – public sector pension obligations for example. And it's not just Biden, there's not a politician anywhere with a platform of fiscal responsibility. There rarely is in any country until the country finds itself living under a bridge.
"Also, I just straight up get shit wrong a lot" this part of your disclaimer does not hold on this topic. You are exactly right, and it's not only frustrating, it's sick.
Sir.. I suppose the pier was designed by some DEI hire... Please explain me the meaning of DEI.. So far I'm arrived to Dumb Entitled Idiot.. Or it has a better meaning??? 😇😂😂😂😂😂
Saw earlier today that Biden Admin is going to propose a $10K tax credit to any first time home buyer. Well that will sure help bring down housing prices and kick inflations butt.
Only think Joe has left to win the election is to legalize all drugs and fly a helicopter and drop $100 bills over cities.
I just got back from a 2-week vacation to Portugal and I see that the United States has fully fucken well lost what was left of its collective mind. And, while I was there, seeing about 6 EV charging station in about half of the entire country, every car diesel (or hybrid), every BMW, Audi, and Mercedes they make (even diesel-electric hybrids), I continually thought, "the people in the United States is being massively bullshitted". Then I come back (last night) to this utter asylum and I am thinking about how I can GTFO of here... for good... forever. Holy shit.
Reminds me of the time an idiot Australian prime minister on an election campaign visited a ship simulation training centre teaching people how to be captains of ships. With all the cameras recording, they gave her a crack at being captain in the simulator. She took about 3 mins to sink the ship 🤣
You couldn’t have scripted it any better. And she lost that election.
Probably 40 or 50 million went to the shitty pier and a quarter billion was funneled into the oligarchy. It was a symbolic gesture to the left that was intended to fail. Probably not quite so soon, if only for PR purposes.
Politicians are unaccountable. They will always make decisions that are politically convenient and by definition that means they are economically inefficient.
Notice how all attempts to improve “affordability” of things (by any government in the developed world, not just USA) are just various forms of demand subsidization which just makes the problems worse. What it makes better, though, are asset prices (buoyed by artificially subsidized demand), which means greater collections from property and capital gains taxes.
None of this is real, it’ll only get worse; soon we’ll have price controls and subsidies on literally everything and still it’ll all be unaffordable for vast majority of people. It’s a very dark future ahead, plan accordingly.
Stop with the scary charts showing our debt exponentially growing every year. Just turn the chart upside down as instructed by MMT followers and watch the magic happen, no more worries. Now, let’s appropriate more money for those EV chargers as we’ll need more than the four the government has completed so far.
Enjoyed this entertaining essay, nice way to spend Thursday morning before the market opens and drops another few hundred points.
It's such a perfect ending to the floating pier and epitomizes the Biden administration, because the pier was built purely for virtual signaling to look like Biden is trying to help the Palestinians. Everything Biden's handlers do is for ostentatious political reasons and to hell with the reality of the situation.
And then there are the unfunded off balance sheet liabilities – public sector pension obligations for example. And it's not just Biden, there's not a politician anywhere with a platform of fiscal responsibility. There rarely is in any country until the country finds itself living under a bridge.
Every now and then Babylon Bee gets it right with biting SATIRE. "To Save Time Biden to Dump the Next $320 Million Directly into the Ocean."
https://babylonbee.com/news/to-save-time-biden-to-drop-next-320-million-cash-directly-into-ocean
"Also, I just straight up get shit wrong a lot" this part of your disclaimer does not hold on this topic. You are exactly right, and it's not only frustrating, it's sick.
Fitting that I’m in Rome as I read this …
Sir.. I suppose the pier was designed by some DEI hire... Please explain me the meaning of DEI.. So far I'm arrived to Dumb Entitled Idiot.. Or it has a better meaning??? 😇😂😂😂😂😂
Division
Exclusion
Intolerance.
Saw earlier today that Biden Admin is going to propose a $10K tax credit to any first time home buyer. Well that will sure help bring down housing prices and kick inflations butt.
Only think Joe has left to win the election is to legalize all drugs and fly a helicopter and drop $100 bills over cities.
I just got back from a 2-week vacation to Portugal and I see that the United States has fully fucken well lost what was left of its collective mind. And, while I was there, seeing about 6 EV charging station in about half of the entire country, every car diesel (or hybrid), every BMW, Audi, and Mercedes they make (even diesel-electric hybrids), I continually thought, "the people in the United States is being massively bullshitted". Then I come back (last night) to this utter asylum and I am thinking about how I can GTFO of here... for good... forever. Holy shit.
Hey, man, those seven EV chargers are really, really good though, I bet.
Reminds me of the time an idiot Australian prime minister on an election campaign visited a ship simulation training centre teaching people how to be captains of ships. With all the cameras recording, they gave her a crack at being captain in the simulator. She took about 3 mins to sink the ship 🤣
You couldn’t have scripted it any better. And she lost that election.
Probably 40 or 50 million went to the shitty pier and a quarter billion was funneled into the oligarchy. It was a symbolic gesture to the left that was intended to fail. Probably not quite so soon, if only for PR purposes.
Love the writing! Your disclaimer is becoming it's own content.
Politicians are unaccountable. They will always make decisions that are politically convenient and by definition that means they are economically inefficient.
Notice how all attempts to improve “affordability” of things (by any government in the developed world, not just USA) are just various forms of demand subsidization which just makes the problems worse. What it makes better, though, are asset prices (buoyed by artificially subsidized demand), which means greater collections from property and capital gains taxes.
None of this is real, it’ll only get worse; soon we’ll have price controls and subsidies on literally everything and still it’ll all be unaffordable for vast majority of people. It’s a very dark future ahead, plan accordingly.
Perfecto analogy, Chris.