To: All
Before folks leap to their keyboard to shout out their personal fiscal or economic philosophy, be aware that this very big number for this moment in time was not a Congressional spend.
It was the court ruling that disallowed a huge student loan erasure. The accounting is convoluted but it reduced the FY23 deficit and bumped the debt. I was quite surprised it was not held over for FY24, and the election.
As for everything else, there is no escaping the GDP equation that has government spending as G.
Capitalism has failed. This was clear in 2009 when only QE could keep the wheels turning. And since. All that stock market gain? The Fed printed trillions and handed it to companies. How could it not go up?
17 posted on
09/16/2023 11:19:15 PM PDT by
Owen
To: Owen
Capitalism has failed
QE and printing notes out of thin air is NOT Capitalism!
What we are witnessing, yet again, is a failure of Socialism.
20 posted on
09/17/2023 12:15:07 AM PDT by
Mr Radical
(In times of universal deceit, telling the truth is a revolutionary act.)
To: Owen
the numbers suck without that
23 posted on
09/17/2023 12:46:58 AM PDT by
joshua c
(to disrupt the system, we must disrupt our lives, cut the cable tv)
To: Owen
You cannot call government activism “capitalism”.
If it involves use of force it is not capitalism.
27 posted on
09/17/2023 2:39:59 AM PDT by
griswold3
(Truth, Beauty and Goodness )
To: Owen
“Capitalism has failed.”
Kleptocracy has failed. Blaming “capitalism” is like blaming the family dog when a truck runs over it.
39 posted on
09/17/2023 5:56:19 AM PDT by
cgbg
("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
To: Owen
Capitalism has not failed.
Government subsidized crony Capitalism (aka Socialism light) has failed.
Wealth redistribution plans have failed.
The “Gimme Dat” approach to government has failed.
Capitalism, left alone without government interference, was doing just fine.
42 posted on
09/17/2023 6:42:26 AM PDT by
TheWriterTX
(Trust not in earthly princes....!)
To: Owen
Capitalism has failed. This was clear in 2009 when only QE could keep the wheels turning. And since. All that stock market gain? The Fed printed trillions and handed it to companies. How could it not go up? But wait. There's more!
They did it again in 2020. Remember COVID and the billions spent AND GIVEN AWAY?
To: Owen
be aware that this very big number for this moment in time was not a Congressional spend.
It was the court ruling that disallowed a huge student loan erasure. The accounting is convoluted but it reduced the FY23 deficit and bumped the debt. Lying troll.
50 posted on
09/17/2023 10:02:32 AM PDT by
lasereye
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