Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Socialist Progressives

Voltaire2

(12,965 posts)

6. we went trillions into debt for the stupid global war on terror and the economy was fine.

Reply to wasupaloopa (Reply #2)

Sat Sep 2, 2017, 10:12 AM

Sep 2017

deficits aren't a problem when you have a fiat currency. We've established that there really isn't a problem with long term deficit spending, we've been doing it for 80 years or so.

Deficit hawks just want to justify taking away benefits while giving the rich tax cuts.

Deficits are paid back in bonds over time. T-bills are the safest investment on the planet.

Edit history

Please sign in to view edit histories.

13 replies

= new reply since forum marked as read

Highlight:

A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says [View all] yallerdawg Sep 2017 OP

The larger the universal basic income, the greater the benefit to the economy Not Ruth Sep 2017 #1

Yes to hell with the deficit. Who cares if we go deeper wasupaloopa Sep 2017 #2

$2.5 trillion added to GDP generates the revenue! yallerdawg Sep 2017 #3

Indeed. tymorial Sep 2017 #4

Did you read the article? wasupaloopa Sep 2017 #10

Damn. I usually just post links to articles. You want me to read them? yallerdawg Sep 2017 #11

we went trillions into debt for the stupid global war on terror and the economy was fine. Voltaire2 Sep 2017 #6

UBI plus Medicare for All would liberate people from wage slavery. Voltaire2 Sep 2017 #5

"Slave to the wage" is at the core of our society. yallerdawg Sep 2017 #7

I support some kind of universal income. It's going to be needed in future, but that study indicates Hoyt Sep 2017 #8

This particular model in support of UBI is designed as a Keynesian stimulus program... yallerdawg Sep 2017 #9

Sorry, I don't see a $2.5 Trillion stimulus in 8 years by "giving" folks $1.8 Trillion annually, Hoyt Sep 2017 #12

This is straight out of Keynesian economic theory - verbatim! yallerdawg Sep 2017 #13