Comments by "Greg Greg" (@SlowhandGreg) on "U.S. GDP jumped 6.4% in the first quarter, vs 6.5% increase expected" video.

@tombrenemanMt The Fed like every other economy at the moment due to the pandemic is printing money and buying its own debt keeping interest rates low. Fiscal stimulus at the bottom results in 100% spend which boosts the economy. Biden has employed some real economists for advice rather than Larry Kudlow also Yelland is a pretty smart cookie Debt is currently high but your actually paying the government if you buy treasury bonds yield is below inflation. I'm not saying debt can't be an issue its just your headline is well baloney
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@tombrenemanMt yea it's not that simple if the economy expands then it just gets absorbed. You've also got multiple countries doing the same. Plus there's been a tech boom during the pandemic once everything opens with stimulus your looking at an overall increase in economic activity what you don't want is contraction.
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@mhartung8335 If you go for an Austerity type budget your ending up with high unemployment that causes a contraction of the economy which causes more unemployment. You still need to service the unemployed from Federal resources and your getting back less tax so you raise general taxation to fill the gap which again if its levelled at middle lower income earners contracts the economy. The Tea party wave forced a clamp down on stimulus back in the day which had the effect of killing off any recovery reducing it to a slow crawl over a decade.
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@tombrenemanMt I studied economics before majoring in IT Kenysian Ecenomic theory was a mandatory topic as was the great depression and the new deal. Hint the new deal wasn't a savings plan. Anyway what do you care about the children your quite happy poisoning them with unregulated industrial pollution and burning the planet
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The Fed are printing money and buying the debt, by the way this is happening worldwide in nearly every economy not just the US's
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@jesusdiaz1602 Greece Italy UK that's just without checking Kenysian Economic theory is mandatory module at college go read up on it instead of taking your talking points from some random ignorant right wing pundit
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