@no1marauder saidYou think?
I think that if any of the progressive candidates win in 2020 and if Democrats take control of Congress, something along these lines will be enacted.
Last time I checked candidates like Biden and Warren were only going to spend a few trillion.
But I suppose it's not that big of an issue to worry about and just hope they do what we want, right?
Then again, they are all free to openly lie about anything. That is the great thing about American politics.
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@averagejoe1 saidJust raise taxes on the rich silly.
This begs the question..... what if other lib programs need a few trillion here and there, will that impact his ‘funded’ program? How many of his programs are covered? Cancelling College loans.....A Few trill,.....is it funded?
It's a limitless vat of money. which is why the rich today easily have $16 trillion. They are just hiding it is all and pretending to cry poor mouth.
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@whodey saidbut we don't want to become regressive again, do we?
Right, Clinton single handedly proposed a budget into law to balance the budget, passed the law, and signed into law.
It beats Reconciliation hands down.
Yep, the Republican Congress had nothing to do with it.
Thanks for that.
Problem is, that was back in the day where people actually seemed concerned with balancing budgets, but we don't want to become regressive again, do we?
It's Trump and the GOP that has regressed us father than we have ever been before. Including the current U.S. budget of your false god and his minions as you. And yes, there are some democrats in on it also.
https://www.usatoday.com/story/news/politics/2019/08/22/cbo-us-deficit-exceed-1-trillion-2020-tariffs-reduce-gdp/2082543001/
@averagejoe1 saidYep:
This begs the question..... what if other lib programs need a few trillion here and there, will that impact his ‘funded’ program? How many of his programs are covered? Cancelling College loans.....A Few trill,.....is it funded?
Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.
https://www.forbes.com/sites/zackfriedman/2019/06/24/student-loans-bernie-sanders/#1efa3ce33fc2
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@no1marauder said$2 trillion over the next 10 years?
Yep:
Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.
https://www.forbes.com/sites/zackfriedman/2019/06/24/student-loans-bernie-sanders/#1efa3ce33fc2
Wow. Now we only need another $14 trillion.
I know, print it.
Everyone agrees with Dick Chaney, Reagan proved that deficits no longer matter.
It's like monopoly money.
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@whodey saidI suggest a course in reading comprehension; AJ asked about Bernie's funding source for his proposal for forgiveness of student loans and that's what I gave him i.e. by a tiny per value tax on financial paper for paper transactions.
$2 trillion over the next 10 years?
Wow. Now we only need another $14 trillion.
I know, print it.
Everyone agrees with Dick Chaney, Reagan proved that deficits no longer matter.
It's like monopoly money.
You'll have to actually look at the proposal you are condemning to find its funding sources.
@averagejoe1 saidI don't believe that Socialism is a solution to the climate problem.
The world is a big place. Does Bernie, who is fully-funded😜, think that our successful result after 9trillion, quadrupled, is spent..... will cover the world?
If we do all that work and expense, is it enough to harness 🤣the climate worldwide.?
Cause, ain’t nobody else gonna blow through their treasuries like Bernie.
But neither is keeping your head in the sand.
@kazetnagorra saidI predicted that three things would not change under Trump, that is continued massive debt, no wall being built, and abortion remaining king.
whodey: *votes for pro-deficit politicians*
deficit: *increases*
whodey: Dems bad!
These are the pillars on which the Progressive Swamp stand on.
@no1marauder saidLook at the proposal? Is there even enough money close to $16 trillion in the entire country?
I suggest a course in reading comprehension; AJ asked about Bernie's funding source for his proposal for forgiveness of student loans and that's what I gave him i.e. by a tiny per value tax on financial paper for paper transactions.
You'll have to actually look at the proposal you are condemning to find its funding sources.
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@whodey saidYes, there are sufficient funding sources to pay for Bernie's proposals over the next 15 years.
Look at the proposal? Is there even enough money close to $16 trillion in the entire country?
GNP over that period should be in the neighborhood of $300-350 trillion dollars. And some of the funding is in increased taxes from the jobs it will create and savings from anti-poverty programs that these workers won't have to rely on.
And yes, fossil fuel companies will have their subsidies cut, their tax breaks removed and will have to pay for the pollution they have caused.
EDIT: US GNP was $21,356.707 in billions of dollars in the first quarter of 2019. https://fred.stlouisfed.org/series/GNP
So from an investment of less than 5% of that, Bernie's plan would do the following:
100 percent renewable energy for electricity and transportation by no later than 2030 and complete decarbonization by 2050 at latest
Ending unemployment by creating 20 million jobs needed to solve the climate crisis.
Saving American families money by weatherizing homes and lowering energy bills, building affordable and high-quality, modern public transportation, providing grants and trade-in programs for families and small businesses to purchase high-efficiency electric vehicles, and rebuilding our inefficient and crumbling infrastructure, including deploying universal, affordable high-speed internet.
Supporting small family farms by investing in ecologically regenerative and sustainable agriculture. This plan will transform our agricultural system to fight climate change, provide sustainable, local foods, and break the corporate stranglehold on farmers and ranchers.
reduce domestic emissions by at least 71 percent by 2030 and reduce emissions among less industrialized nations by 36 percent by 2030 — the total equivalent of reducing our domestic emissions by 161 percent.
Making massive investments in research and development.
Build a modern smart grid.
Weatherize homes and businesses to perform energy efficiency upgrades to make buildings more energy efficient and lower energy bills.
And on and on.
https://berniesanders.com/issues/the-green-new-deal/
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@no1marauder saidSo with all this money at their disposal, why have they not balanced the debt better? Why the insane $25 trillion debt?
Yes, there are sufficient funding sources to pay for Bernie's proposals over the next 15 years.
GNP over that period should be in the neighborhood of $300-350 trillion dollars. And some of the funding is in increased taxes from the jobs it will create and savings from anti-poverty programs that these workers won't have to rely on.
And yes, fossil fuel companies will ...[text shortened]... t and lower energy bills.
And on and on.
https://berniesanders.com/issues/the-green-new-deal/
I know, let's just sign over what is left of a free economy and then hope the economy does not implode while trusting them to actually do what they say they are going to do and then use the money like they say they are going to use it.
Don't laugh,............................ it........................could.....................................................................HAPPEN for the first time in human history!!!!!!!!!!!!!!!!!!!!!!!!!!!
@whodey saidMostly because they kept giving the rich tax cuts and wasting trillions on wars and excessive military spending.
So with all this money at their disposal, why have they not balanced the debt better? Why the insane $25 trillion debt?
I know, let's just sign over what is left of a free economy and then hope the economy does not implode while trusting them to actually do what they say they are going to do and then use the money like they say they are going to use it.
Don't laugh,.... ...[text shortened]... ...............................HAPPEN for the first time in human history!!!!!!!!!!!!!!!!!!!!!!!!!!!
What exactly in the plan do you not think is a useful expenditure of public funds?