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Author Topic:   The Biden Presidency
anglagard
Member
Posts: 2335
From: Socorro, New Mexico USA
Joined: 03-18-2006
Member Rating: 6.4


Message 46 of 228 (884144)
01-23-2021 3:38 PM


Message to Republicans
I am already enjoying life more under the Communist regime with its Socialist policies implemented by notorious Marxist Joe Biden than I ever did under Trump's Kakocracy.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


Replies to this message:
 Message 47 by Phat, posted 01-23-2021 3:41 PM anglagard has responded

  
Phat
Member
Posts: 15642
From: Denver,Colorado USA
Joined: 12-30-2003


Message 47 of 228 (884145)
01-23-2021 3:41 PM
Reply to: Message 46 by anglagard
01-23-2021 3:38 PM


Re: Message to Republicans
It all boils down to money. You simply cant hand it out if you don't generate any.

"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 46 by anglagard, posted 01-23-2021 3:38 PM anglagard has responded

Replies to this message:
 Message 48 by anglagard, posted 01-23-2021 3:50 PM Phat has acknowledged this reply
 Message 49 by AnswersInGenitals, posted 01-23-2021 4:39 PM Phat has acknowledged this reply
 Message 51 by Taq, posted 01-25-2021 6:20 PM Phat has not yet responded

  
anglagard
Member
Posts: 2335
From: Socorro, New Mexico USA
Joined: 03-18-2006
Member Rating: 6.4


(3)
Message 48 of 228 (884147)
01-23-2021 3:50 PM
Reply to: Message 47 by Phat
01-23-2021 3:41 PM


Re: Message to Republicans
Yeah, you're right. A joke is not as funny when you have to explain it.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 47 by Phat, posted 01-23-2021 3:41 PM Phat has acknowledged this reply

  
AnswersInGenitals
Member
Posts: 631
Joined: 07-20-2006
Member Rating: 3.9


Message 49 of 228 (884151)
01-23-2021 4:39 PM
Reply to: Message 47 by Phat
01-23-2021 3:41 PM


Re: Message to Republicans
I buy a $30,000 car on Friday and give the dealership a $30,000 check. Problem is that I only have $100 in my checking account. But I know it will take several days for the check to clear my bank. So I run around and borrow as much money as I can from every friend and source I can find and deposit it in the bank in time to clear the check. This is how our federal government works.

An interesting aspect of this process is that I write IOU’s for the money I borrow and these IOU’s state: “Pay to the bearer on (some date) the following amount…”. The person who lent me the money could possibly use this IOU in exchange for goods or services (if the goods/service provider is wiling). I. e., I have printed MONEY! The IOU’s the government prints (which they call BONDs) are our country’s second form of money, because it is legal tender, whose total amount is not controlled.


This message is a reply to:
 Message 47 by Phat, posted 01-23-2021 3:41 PM Phat has acknowledged this reply

Replies to this message:
 Message 50 by Percy, posted 01-23-2021 9:08 PM AnswersInGenitals has not yet responded

  
Percy
Member
Posts: 20325
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.0


Message 50 of 228 (884158)
01-23-2021 9:08 PM
Reply to: Message 49 by AnswersInGenitals
01-23-2021 4:39 PM


Re: Message to Republicans
AnswersInGenitals writes:

The IOU’s the government prints (which they call BONDs) are our country’s second form of money, because it is legal tender, whose total amount is not controlled.

The finances of the federal government are complicated. Even attempts at simplified descriptions, at least by me, are bound to have errors and omissions, but anyway...

Appropriations and the debt limit are under the control of Congress, though of course the signature of the president is required. The debt limit controls the total amount of government IOUs that can be issued (in the form of bonds), but the debt can increase beyond the debt limit for appropriated items because while Treasury cannot issue payment, the government will be billed thereby increasing the debt. The bills will go unpaid until the debt limit is increased, though Treasury does have some extraordinary measures at its disposal to pay at least some bills.

--Percy


This message is a reply to:
 Message 49 by AnswersInGenitals, posted 01-23-2021 4:39 PM AnswersInGenitals has not yet responded

  
Taq
Member
Posts: 8488
Joined: 03-06-2009
Member Rating: 7.4


Message 51 of 228 (884190)
01-25-2021 6:20 PM
Reply to: Message 47 by Phat
01-23-2021 3:41 PM


Re: Message to Republicans
Phat writes:

It all boils down to money. You simply cant hand it out if you don't generate any.

Governments can. If a government controls their own currency they can print as much of it as they want. They risk inflation, of course, but they can do it. In the modern world, you don't even have to spend the effort of physically printing it.

quote:
In its frantic scramble to save the American economy, the central bank of the United States seems to have the ultimate superpower.

It works like magic. With a few strokes on a computer, the Federal Reserve can create dollars out of nothing, virtually "printing" money and injecting it into the commercial banking system, much like an electronic deposit. By the end of the year, the Fed is projected to have purchased $3.5 trillion in government securities with these newly created dollars, one of many tools it is using to help prop up the ailing economy during the COVID-19 pandemic, according to Oxford Economics.
US is `printing' money to help save the economy from the COVID-19 crisis, but some wonder how far it can go



This message is a reply to:
 Message 47 by Phat, posted 01-23-2021 3:41 PM Phat has not yet responded

  
ramoss
Member
Posts: 3209
Joined: 08-11-2004


Message 52 of 228 (884193)
01-25-2021 9:27 PM
Reply to: Message 1 by Percy
01-20-2021 4:28 PM


The stimulus check has income limits.

This message is a reply to:
 Message 1 by Percy, posted 01-20-2021 4:28 PM Percy has responded

Replies to this message:
 Message 53 by Percy, posted 01-28-2021 7:11 PM ramoss has not yet responded

  
Percy
Member
Posts: 20325
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.0


Message 53 of 228 (884214)
01-28-2021 7:11 PM
Reply to: Message 52 by ramoss
01-25-2021 9:27 PM


For the second stimulus check, the $600 one, for a married couple filing jointly the total stimulus check amount is $1200, but it begins diminishing at $150,000 and reaches zero at $175,000.

For the proposed third stimulus check, the $1400 Biden one, I think the limits are the same.

The limits seem generous, but aside from that what I'd really like to see is the bulk of the stimulus going to unemployed and needy people. People who have kept their jobs have much less need for stimulus checks.

--Percy


This message is a reply to:
 Message 52 by ramoss, posted 01-25-2021 9:27 PM ramoss has not yet responded

Replies to this message:
 Message 54 by Phat, posted 01-29-2021 8:42 AM Percy has responded

  
Phat
Member
Posts: 15642
From: Denver,Colorado USA
Joined: 12-30-2003


Message 54 of 228 (884219)
01-29-2021 8:42 AM
Reply to: Message 53 by Percy
01-28-2021 7:11 PM


Percy writes:

The limits seem generous, but aside from that what I'd really like to see is the bulk of the stimulus going to unemployed and needy people. People who have kept their jobs have much less need for stimulus checks.

perhaps this is theoretically so, but the cutoff should not be simply at having a job versus not having a job. Some jobs barely pa1y the bills...and we need a stimulus too. The bills have piled up this past year.

"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 53 by Percy, posted 01-28-2021 7:11 PM Percy has responded

Replies to this message:
 Message 55 by xongsmith, posted 01-29-2021 1:22 PM Phat has not yet responded
 Message 56 by Percy, posted 01-30-2021 8:31 AM Phat has responded

  
xongsmith
Member
Posts: 2062
From: massachusetts US
Joined: 01-01-2009
Member Rating: 6.3


Message 55 of 228 (884220)
01-29-2021 1:22 PM
Reply to: Message 54 by Phat
01-29-2021 8:42 AM


Phat writes:
having a job versus not having a job.

do you make $150,000 or more? No? then you will get a full stimulus.


"I'm the Grim Reaper now, Mitch. Step aside."

- xongsmith, 5.7d


This message is a reply to:
 Message 54 by Phat, posted 01-29-2021 8:42 AM Phat has not yet responded

Replies to this message:
 Message 57 by Percy, posted 01-30-2021 8:32 AM xongsmith has not yet responded

  
Percy
Member
Posts: 20325
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.0


(1)
Message 56 of 228 (884224)
01-30-2021 8:31 AM
Reply to: Message 54 by Phat
01-29-2021 8:42 AM


Phat writes:

perhaps this is theoretically so, but the cutoff should not be simply at having a job versus not having a job. Some jobs barely pa1y the bills...and we need a stimulus too. The bills have piled up this past year.

Everything being said cannot appear in every single sentence. It simply isn't possible. The first sentence you quoted said, "unemployed and needy people." The next sentence went on to stress that those still employed have less need for stimulus checks because I see that as the least rational part of the program, but it did not represent a retraction of the previous sentence, that the emphasis for stimulus should be on the unemployed and needy, nor a rejection of the earlier criticism of the high limits.

Comment or criticism cannot limit itself to one sentence (or paragraph or section or post of a thread or a body of work) while ignoring the context of what surrounds it or has gone before, otherwise it's akin to quote mining.

--Percy


This message is a reply to:
 Message 54 by Phat, posted 01-29-2021 8:42 AM Phat has responded

Replies to this message:
 Message 58 by Phat, posted 01-30-2021 12:22 PM Percy has responded

  
Percy
Member
Posts: 20325
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.0


(1)
Message 57 of 228 (884225)
01-30-2021 8:32 AM
Reply to: Message 55 by xongsmith
01-29-2021 1:22 PM


xongsmith writes:

Phat writes:

having a job versus not having a job.

do you make $150,000 or more? No? then you will get a full stimulus.

I think Phat is single, so his limit is $75,000.

--Percy


This message is a reply to:
 Message 55 by xongsmith, posted 01-29-2021 1:22 PM xongsmith has not yet responded

  
Phat
Member
Posts: 15642
From: Denver,Colorado USA
Joined: 12-30-2003


Message 58 of 228 (884226)
01-30-2021 12:22 PM
Reply to: Message 56 by Percy
01-30-2021 8:31 AM


. Response To Needy People
I think you bring up some good points regarding my reasoning process on this issue. I think that I consciously or unconsciously view myself as a needy person in regards to stimulus checks. The buck can stop at some point, but I feel it should always be right above me.

I know that you have a decent lifestyle yet I also realize that you likely have some hefty expenses. Your property taxes likely are not cheap. That being said, I see no reason why everyone should not qualify for either a stimulus check or good unemployment insurance.

The real issue is government debt and how far it can realistiucally increase. I have always said that in Biden's term, we will see inflation...and possible abandonment of the US dollar if things get too far out of hand. The dollar coupled with our ability to create more of them with the stroke of a pen gives the US citizens an advantage which the world may not soon tolerate. Which worries me.

Edited by Phat, : No reason given.


"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 56 by Percy, posted 01-30-2021 8:31 AM Percy has responded

Replies to this message:
 Message 59 by xongsmith, posted 01-30-2021 12:43 PM Phat has responded
 Message 61 by jar, posted 01-30-2021 3:23 PM Phat has acknowledged this reply
 Message 65 by Percy, posted 02-01-2021 9:23 PM Phat has acknowledged this reply

  
xongsmith
Member
Posts: 2062
From: massachusetts US
Joined: 01-01-2009
Member Rating: 6.3


(1)
Message 59 of 228 (884227)
01-30-2021 12:43 PM
Reply to: Message 58 by Phat
01-30-2021 12:22 PM


Re: . Response To Needy People
Phat writes:
The real issue is government debt and how far it can realistiucally increase.

Well, if Biden & the Dems can undo all of the criminally egregious tax break the Trump administration hung on our backs, it'll go a long ways towards pushing that issue onto a back burner. Those in that bracket should pay even more than they were before the tax cut.

Today I saw that Biden wants to end the 40 Billions subsidy to the Oil Industry. Hoooray! About time.


"I'm the Grim Reaper now, Mitch. Step aside."

- xongsmith, 5.7d


This message is a reply to:
 Message 58 by Phat, posted 01-30-2021 12:22 PM Phat has responded

Replies to this message:
 Message 60 by Phat, posted 01-30-2021 1:09 PM xongsmith has not yet responded
 Message 62 by LamarkNewAge, posted 01-30-2021 4:10 PM xongsmith has not yet responded

  
Phat
Member
Posts: 15642
From: Denver,Colorado USA
Joined: 12-30-2003


Message 60 of 228 (884228)
01-30-2021 1:09 PM
Reply to: Message 59 by xongsmith
01-30-2021 12:43 PM


Re: . Response To Needy People
Here is the thing though. The top 10% of the wealthy can always find ways to avoid paying US taxes. They can live elsewhere and make sure that their holdings are diversified out of Uncle Sams reach.

It irritates me, but I honestly think we cant force them to pay. Isnt it true that they (top10%) dont actually pay that much on wealth but only on income?


"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 59 by xongsmith, posted 01-30-2021 12:43 PM xongsmith has not yet responded

  
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