Comments by "Grim Affiliations" (@grimaffiliations3671) on "NEW ECONOMIC WARNING From EX Home Depot CEO" video.

  1. To be honest these CEOs have been making stark predictions for the past 4 years. Anyone listening to their predictions has missed out on a fortune
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  2. Most households in the US own their home, have a retirement account, are employed, and are seeing their wages grow around 5% nominal. That's enough income growth to keep the cycle going driven by spending at current rates
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  3. Future generations wont pay anything off. Learn how government finance works
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  4.  @francismarion6400  tax cuts reduce revenue
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  5. Cutting spending is bad for the private sector. Government deficits = private sector surpluses
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  6.  @francismarion6400  yeah but cutting taxes immediately increases the deficit. That's a simple fact. I dont necessarily have a problem with adding to the deficit as long as it doesnt cause inflation, but it's still objectively what happens
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  7. You'd expect people to max out rhir credit cards before they get to theappoint, which they haven't been doing ,
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  8. Turns out old joe isn't lying about a booming economy
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  9.  @francismarion6400  poor people do contribute a lot, and they actually contribute a much larger share of what they earn than wealthy elites do
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  10.  @austinmackell9286  Good point. If all of these people were as concerned about the national debt as they claim, they would simply stop adding to it by selling bonds and instead go back to letting the treasury run an overdraft with the fed. That would allow us to finance the deficit without having to sell bonds. And there would be no economic difference
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  11. What weimar problems do we have lol
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  12. We're doing much better tha the Reagan "boom", in terms of growth and unemployment. And inflation has actually gone up the same amount
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  13.  @francismarion6400  if you cut taxes by a trillion, you hurt the government revenue by a trillion. That's a deficit. Unless you match that tax cut with revenue elsewhere, you will have increased the deficit
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  14.  @francismarion6400  ok, but that's assuming tax cuts are accompanied by spending cuts. I'm talking about tax cuts alone, they obviously increase the deficit
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  15.  @francismarion6400  you said the deficit only increases if the government spends beyond their budget, but revenue obviously determines the size of their budget
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  16.  @janelbuckley8332  we're not on the gold standard anymore so depressions aren't a thing
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  17.  @sierrasky2491  nah, recessions turned into depressions on the gold standard because our money supply was tied to the availability of gold. That was terrible for the economy because demand for money explodes during downturns, and the government is left unable to provide that money. But under our fiat system, the government can always provide that money and support demand/private sector balance sheets
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  18.  @anowerulazim4381  the average wage across the economy
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  19. So are wages
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  20.  @francismarion6400  of course it is, the poorer you are, the more of what you earn gets taken
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  21.  @francismarion6400  nah, they pay different kinds of taxes like payroll, sales and excise taxes
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  22.  @francismarion6400  depends on what you consider too much. I personally think the government isn't doing too much if it helps ensure people aren't living below the poverty line. A strong safety net is good for people, their communities and the overall economy
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  23. Higher rates = higher deficits needed to make the interest payments. We're currently spending more on interest payments than Medicare
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