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Drudge Retort: The Other Side of the News
Tuesday, March 19, 2024

If you look at the prices that are top of mind for regular folks, inflation turns out to have been astonishingly high in mid-2022 -- far higher than the headline Consumer Price Index. Now, however, it's at a very benign 2%.

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More from the article...

... How it works: Axios took the three most salient prices in the U.S. economy " gasoline, food at home (i.e. groceries), and rent. We weighted them according to their weight in the CPI, and charted how they've changed since 2017.

The big picture: Ultra-broad measures of inflation like PCE or the GDP deflator tend to be of interest mostly to macroeconomists. The most well-known measure of inflation, CPI, is more focused on things individuals spend money on, from window coverings and indoor plants to airline fares and postage stamps.

However, when most people think or talk about inflation, they tend to concentrate on a much smaller group of super-salient prices.

Follow the money: The most salient prices are big enough to be meaningful in the context of a family budget; seen and thought about frequently; and paid out on a regular basis, ensuring that any increases get felt almost immediately.

For our chart, Axios chose three prices in particular. ...



[See the article for a good chart, and a good subsequent discussion.]


#1 | Posted by LampLighter at 2024-03-18 12:29 AM | Reply

It's not enough for the inflation rate to slow or stop. Even at a zero inflation rate today, every time people go shopping, they're reminded that the hamburger meat they used to pay $2/lb for is now $4/lb. That freaks people out, particularly when they're own income hasn't doubled.

#2 | Posted by censored at 2024-03-18 10:58 AM | Reply

"That freaks people out, particularly when they're own income hasn't doubled."

Thanks, Capitalism!

#3 | Posted by snoofy at 2024-03-18 11:00 AM | Reply

I've never heard any reasonable explanation from the MAGA cult of how exactly this inflation was Biden's fault. But most thinking people, people who don't live and breath inside the MAGA echo chamber, know such an explanation doesn't exist.

#4 | Posted by Whatsleft at 2024-03-18 01:47 PM | Reply

"Felt"? Feels is the word we are looking for.

#5 | Posted by BellRinger at 2024-03-18 05:25 PM | Reply | Funny: 1

#4 Presisdents get way too much credit for good things that happen that they didn't have much control over and way too much blame for bad things that happen that they didn't have much control over. The hyper inflation we experienced was decades in the making. Biden's early ridiculous spending exacerbated the problem but the inflation spike was coming no matter what.

#6 | Posted by BellRinger at 2024-03-18 05:29 PM | Reply

"The hyper inflation we experienced ... "

HYPER inflation?!? Are you sure that's the phrase you want to use? The rates in the late 70s and 80s were higher, but it was never referred to as hyperinflation.

#7 | Posted by Danforth at 2024-03-18 06:00 PM | Reply

BTW, the classic definition of hyperinflation is 50% in a month.

Google Cagen's Description.

#8 | Posted by Danforth at 2024-03-18 06:03 PM | Reply | Newsworthy 1

I'm buying bellringer a dictionary for christmas.

#9 | Posted by Alexandrite at 2024-03-18 06:53 PM | Reply

Also I will highlight "De facto", "Strawman", "Groomer", and "Hyperinflation."

#10 | Posted by Alexandrite at 2024-03-18 06:54 PM | Reply | Funny: 1

Who will read it to him?

#11 | Posted by LegallyYourDead at 2024-03-18 07:03 PM | Reply | Funny: 2 | Newsworthy 1

Goatman.

#12 | Posted by Alexandrite at 2024-03-18 07:08 PM | Reply

"From Beyond the Grave..."

#13 | Posted by LegallyYourDead at 2024-03-18 08:19 PM | Reply

Danforth,

Quit being such an ankle biter. I was typing fast on my phone and chose the wrong word. My apologies.

#14 | Posted by BellRinger at 2024-03-19 06:06 AM | Reply

no worry.......it's just a supply chain problem.

Just like it did going on years ago....it still looks and smells like a lie.

#15 | Posted by shrimptacodan at 2024-03-19 10:05 AM | Reply

no worry.......it's just a supply chain problem.
Just like it did going on years ago....it still looks and smells like a lie.

#15 | POSTED BY SHRIMPTACODAN

Were you not here for the ports being backed up? Factories and oil drilling/refining having to start back up because demand outpaced it?

Donald may no effort to prepare the country for when COVID let up and the economy picked back up. None.

Then came the corporate price gouging to inflate profits. I suppose that never happened either?

Finally some of it is probably monetary policy. Let's see...what did DeSantis say?

Trump "should be on this stage tonight. He owes it to you to defend his record, where they added $7.8 trillion to the debt that set the stage for the inflation that we have now," DeSantis said.

#16 | Posted by Sycophant at 2024-03-19 10:35 AM | Reply

I think this is interesting. It would have been even more interesting to see a theory as to why this happened. My guess would be a combination of a society flush with COVID money, combined with the effects of the Ukraine conflict.

#17 | Posted by madbomber at 2024-03-19 10:48 AM | Reply

" Quit being such an ankle biter."

Pointing out someone is using a phrase they clearly don't know the meaning of is not ankle biting.

And fingers are responsible for spelling it wrong, not for using it wrong.

Take the L and move on. At least now you know the definition.

#18 | Posted by Danforth at 2024-03-19 10:55 AM | Reply

People aren't stupid when it comes to the bills. No matter how many cozy charts are thrown out there, people still know they are being screwed on their money. Biden will pay for this as well as the gas prices coming back to haunt us due to his draining of the reserves for temporary relief. Everyone knows it was to buy votes.

Biden is toast.

#19 | Posted by lfthndthrds at 2024-03-19 11:36 AM | Reply | Funny: 1

" the gas prices coming back to haunt us due to his draining of the reserves for temporary relief."

Oh, my.

Flunked Macro, did you?

#20 | Posted by Danforth at 2024-03-19 12:55 PM | Reply

"That freaks people out, particularly when they're own income hasn't doubled."

Thanks, Capitalism!

#3 | POSTED BY SNOOFY AT 2024-03-18 11:00 AM | FLAG: Not Capitalism fool, rather it is bidenomics.

#21 | Posted by MSgt at 2024-03-19 03:06 PM | Reply | Funny: 1

" Not Capitalism fool, rather it is bidenomics."

You must've missed the part where Trump wanted to put even more stimulus into the economy than Biden.

But thanks for admitting things would've been even worse under Trump.

#22 | Posted by Danforth at 2024-03-19 03:51 PM | Reply


I've never heard any reasonable explanation from the MAGA cult of how exactly this inflation was Biden's fault.
#4 | POSTED BY WHATSLEFT

I don't believe it is, ALL his fault. Yet he has contributed to it, and hasn't begun to address root causes.

My guess would be a combination of a society flush with COVID money, combined with the effects of the Ukraine conflict.

Yes, but I don't believe Ukraine had much affect on inflation. Certainly less than the supply chain issues of JIT manufacturing.

The hyper inflation we experienced was decades in the making.

idk about decades, but certainly since the housing collapse. The Fed has been sucking up assets, which is "creating" money.
coinchapter.com

I think this is interesting. It would have been even more interesting to see a theory as to why this happened.

If you look at the linked chart above, the Fed had been selling assets (reducing money supply), but its still quite high, but perhaps back to a new normal 3-4%.

All of this gets destroyed when the debt servicing starts accelerating non-linear, which is almost has, its right on the cusp.

$1Trillion in debt spending every 100days.
www.msn.com

I am sure taxing the rich will solve the problem.

#23 | Posted by oneironaut at 2024-03-19 04:30 PM | Reply

What's your solution, taxing the poor?

#24 | Posted by LegallyYourDead at 2024-03-19 07:27 PM | Reply | Funny: 1

What's your solution, taxing the poor?

#24 | Posted by LegallyYourDead

More tax cuts for the rich. It's all they do.

#25 | Posted by SpeakSoftly at 2024-03-19 09:05 PM | Reply

"felt so bad" lol oh the concerns are just going to dissipate? Phew, they dodged a bullet there. Soon people won't care that they can barely afford to live.

Imagine being this out of touch with reality...

#26 | Posted by THEBULL at 2024-03-20 06:49 AM | Reply

$1Trillion in debt spending every 100days.
www.msn.com
I am sure taxing the rich will solve the problem.

#23 | POSTED BY ONEIRONAUT

It would help. More income means less debt.

But the big issue is a drop in individual tax receipts as 2023 tax brackets were adjusted for inflation.

Meanwhile, the mega rich saw their net worth jump steadily during and after the pandemic. And corporate profits are at record highs since the pandemic.

So yeah...taxing the wealthy and corporations would likely solve a great deal of the problem.

#27 | Posted by Sycophant at 2024-03-20 10:41 AM | Reply | Newsworthy 1

That's not the big issue. If you taxed them all at 100%, there's not enough money to fit congressional wishes. There's no evidence whatsoever they wouldn't continue to accrue massive debts by growing services.

#28 | Posted by sitzkrieg at 2024-03-20 10:59 AM | Reply

#19 I love it how that idiot just strings buzz words and spoon fed phrases together and thinks he's made a point.

He's like a kid proud of a finger painting he did with his own poop.

#29 | Posted by jpw at 2024-03-20 11:50 AM | Reply | Funny: 1

Even at a zero inflation rate today, every time people go shopping, they're reminded that the hamburger meat they used to pay $2/lb for is now $4/lb.

All of this is compounded by the fact that people are bad with numbers.

The last time ground beef was around $2/lb was 2003. In 2020 it was $3.95/lb and is now $5.13/lb.

#30 | Posted by jpw at 2024-03-20 12:07 PM | Reply

I am sure taxing the rich will solve the problem.

#23 | POSTED BY ONEIRONAUT

How would you know?

It hasn't been tried in your lifetime.

The Republicans have jiggered (rigged) the us tax code to allow the wealthy to scam the rest of us for decades now.

No. It won't solve the problems immediately but it's a start.

Let's make America Great (again) like when the top income tax rate reached above 90% from 1944 through 1963, peaking in 1944, when top taxpayers paid an income tax rate of 94% on their taxable income.

#31 | Posted by donnerboy at 2024-03-20 12:28 PM | Reply

"I am sure taxing the rich will solve the problem."

What was their tax rate back when America was Great?

#32 | Posted by snoofy at 2024-03-20 12:30 PM | Reply | Newsworthy 2

31

Why keep asking for this?

It won't happen.

#33 | Posted by eberly at 2024-03-20 12:30 PM | Reply

It won't happen.

#33 | POSTED BY EBERLY

Then the deficits aren't going to be solved. The problem can not be fixed by tax and spending cuts. Trickle down is a lie.

It's funny that Republicans have always claimed to be the party of fiscal responsibility. Even as they've been running up debt by giving their wealthiest donors significant unfunded tax breaks for 40+ years.

One party runs up the credit card bills with gifts for their rich friends, and with no intention to pay those bills. The other party gets accused of spending too much every time they try to fund anything, that might benefit the average American. Yet the party that keeps ignoring the credit card bills it the party of fiscal responsibility...

If it won't happen then what is the solution?

#34 | Posted by Whatsleft at 2024-03-20 12:53 PM | Reply

I think another major problem is your average person thinks decreasing inflation means decreasing prices. "Well, if inflation is so low, why are prices still so high?"

I don't think they realize what has to happen for deflation to occur and that that will likely be a bigger economic impact on them than current prices.

#35 | Posted by jpw at 2024-03-20 12:55 PM | Reply

Yet the party that keeps ignoring the credit card bills it the party of fiscal responsibility...

Not to mention the fact that that party's voter base calls every attempt to spend on citizens SoShUliZmss!! and automatically fall in line against it even if it would help them.

Then bitch that aid to Ukraine is wrong because why aren't we spending on our own citizens?!?!

Half the political spectrum doesn't know what it thinks ten minutes after it thinks it.

#36 | Posted by jpw at 2024-03-20 12:58 PM | Reply

your average person thinks decreasing inflation means decreasing prices.

These are the same people that are shocked that reducing the deficit doesn't make the debt go down.

#37 | Posted by REDIAL at 2024-03-20 12:58 PM | Reply

What was their tax rate back when America was Great?
#32 | POSTED BY SNOOFY

About the same.

What was the US spending rate back when America was Great?

#38 | Posted by oneironaut at 2024-03-20 01:02 PM | Reply | Funny: 1

How would you know?
- Donner

Because even if you confiscated all their wealth you could come up with 200 days of deficit spending.

It's insane to think extracting more revenue from the economy is going to make spending that is already happened any better.

Spending should equal revenue.....

If you're trying to catch up to spending you will destroy your country.

It's also interesting no one mentions spending less.

#39 | Posted by oneironaut at 2024-03-20 01:08 PM | Reply

" About the same."

Pick up a history book, FFS. Ideally one which includes math.

#40 | Posted by Danforth at 2024-03-20 01:09 PM | Reply | Newsworthy 1

Let's make America Great (again) like when the top income tax rate reached above 90% from 1944 through 1963.
- donnerboy

Only works if your spending was the same rate it was in the 1960s

Also how many people did these tax rates affect? Little to no one paid those rates.

#41 | Posted by oneironaut at 2024-03-20 01:10 PM | Reply

It's also interesting no one mentions spending less.

#39 | Posted by oneironaut

What's interesting is that when your cult had the power to cut spending they gave tax cuts the rich instead.

#42 | Posted by SpeakSoftly at 2024-03-20 01:10 PM | Reply

Imagine being this out of touch with reality...

#26 | Posted by THEBULL

Imagine being so out of touch with reality that youre angry at biden for the USA having among the lowest inflation in the world, and thinking republicans have a magic solution to make it lower.

#43 | Posted by SpeakSoftly at 2024-03-20 01:17 PM | Reply

I don't think they realize what has to happen for deflation to occur and that that will likely be a bigger economic impact on them than current prices.
#35 | POSTED BY JPW

What they especially don't realize is that deflation is a greater risk to the rich, and thus to the economy as a whole, than (even hyper)inflation is. Because rich people, and corporations, run on debt, and inflation makes debt cheaper.

ELI5: Why is deflation worse than inflation?
www.reddit.com

#44 | Posted by snoofy at 2024-03-20 01:17 PM | Reply

Also how many people did these tax rates affect? Little to no one paid those rates.
#41 | POSTED BY ONEIRONAUT

So then why not increase them to 91%?

#45 | Posted by snoofy at 2024-03-20 01:18 PM | Reply

Here ya go..

Very interesting article on how the tax burden has changed.
www.nbcnews.com

#46 | Posted by oneironaut at 2024-03-20 01:19 PM | Reply

Also how many people did these tax rates affect? Little to no one paid those rates.

#41 | POSTED BY ONEIRONAUT

Wealth imbalance was nowhere near what it is now.

So how about instead of dismissing with vague assertions of low efficacy measured by number of people (who the hell answers a financial question with the number of people ... I lIkE TuRgLeZ!!), why not put a dollar amount on what a 90% tax rate on income over $X dollars would actually be?

You know, actually answer the question?

#47 | Posted by jpw at 2024-03-20 01:19 PM | Reply

Just tie tax rates to wealth inequality. So when the 1% capture more than 50% of the nation's wealth, their taxes automatically go up until it's back down to 50%, or something more reasonable.

#48 | Posted by SpeakSoftly at 2024-03-20 01:24 PM | Reply

then why not increase them to 91%?

#45 | POSTED BY SNOOFY

So we are doing it out of spite?

I thought it was to restore order to the money supply.

#49 | Posted by oneironaut at 2024-03-20 01:24 PM | Reply

Who would it spite? You said it affects no one.

#50 | Posted by snoofy at 2024-03-20 01:27 PM | Reply | Newsworthy 1

Just tie tax rates to wealth inequality
- speaks

Then why is CA getting worse?

The government doesn't redistribute it to the poor, why don't you understand that?

The best way to support the poor is remove barriers to entry.

$250 business licence in CA is insane.

#51 | Posted by oneironaut at 2024-03-20 01:28 PM | Reply

Then why is CA getting worse?

#51 | POSTED BY ONEIRONAUT

It isn't.

The only problem with CA is that its so wonderful that too many people want to live there.

#52 | Posted by Sycophant at 2024-03-20 01:32 PM | Reply

That's not the big issue. If you taxed them all at 100%, there's not enough money to fit congressional wishes. There's no evidence whatsoever they wouldn't continue to accrue massive debts by growing services.

#28 | POSTED BY SITZKRIEG

Even if you cut ALL welfare spending, we still run a trillion dollar deficit.

Part of the problem is a $650 billion interest payment on the debt. 1/3 of that is thanks to Trump.

Look at the budget and try to balance it with some serious tax hikes:
usafacts.org

#53 | Posted by Sycophant at 2024-03-20 01:37 PM | Reply

Then why is CA getting worse?

The government doesn't redistribute it to the poor, why don't you understand that?

The best way to support the poor is remove barriers to entry.

$250 business licence in CA is insane.

#51 | Posted by oneironaut

What about CA is "getting worse"?

It recently went from being the 5th largest economy in the world to the 4th largest economy in the world.

Oh no make all the success stop. Please oklahoma teach us how to fail like you do.

#54 | Posted by SpeakSoftly at 2024-03-20 01:44 PM | Reply

Who would it spite? You said it affects no one.

#50 | POSTED BY SNOOFY

I didn't say no one, but I am sure you needed that to think it's not because you hate rich people.

But you do .

I said it affected very very few.

Ergo it made no difference to the bottom line.
So the only reason to do it is out of spite.

#55 | Posted by oneironaut at 2024-03-20 01:51 PM | Reply

$250 business licence in CA is insane.

#51 | POSTED BY ONEIRONAUT

Why? I paid more than that to incorporate an LLC ...

#56 | Posted by jpw at 2024-03-20 01:53 PM | Reply

What about CA is "getting worse"?
- speaks

Income inequality. Even though has highest tax rates in country.

It's not solving it

In fact your metric would only give the government more incentive to make it worse.

#57 | Posted by oneironaut at 2024-03-20 01:53 PM | Reply

"I said it affected very very few."

A very very few people hold more wealth than the bottom 50% of Americans.

Top 1% Of U.S. Households Hold 15 Times More Wealth Than Bottom 50% Combined
www.forbes.com

Tax them.

#58 | Posted by snoofy at 2024-03-20 01:54 PM | Reply

"What about CA is "getting worse"?"

"Income inequality."

That just reflects how California has the top earners, since the bottom earners are the same everywhere, earning $0.

#59 | Posted by snoofy at 2024-03-20 01:55 PM | Reply

5th largest economy in the world.
- speaks

If you remove a few outliers from tech it wouldn't be in the top 100.

I need to research this. But there was a time when Apple represented 90% of the profit in silicon valley.

#60 | Posted by oneironaut at 2024-03-20 01:56 PM | Reply

Sorry can't continue, gotta fly my plane to watsonville for lunch.

#61 | Posted by oneironaut at 2024-03-20 01:57 PM | Reply

Income inequality. Even though has highest tax rates in country.

It's not solving it

In fact your metric would only give the government more incentive to make it worse.

#57 | Posted by oneironaut

Income inequality is worst where the people are the richest. People are richest in california because it's economy is so much more powerful than all the moocher red states where there are no economic opportunities.

It's easy to have low income inequality in a loser state where there is nowhere for anyone to make any money. Not exactly something to be proud of though.

#62 | Posted by SpeakSoftly at 2024-03-20 01:59 PM | Reply

If you remove a few outliers from tech it wouldn't be in the top 100.

I need to research this. But there was a time when Apple represented 90% of the profit in silicon valley.

#60 | Posted by oneironaut

Yeah and if you remove fossil fuels from texas they'd suck too. Not really reality though is it?

There's a reason the tech industry was born in california and not kansas. Because liberals invested in their future and it paid off, while republicans were digging flamable rocks out of the ground and blaming others for their failures.

#63 | Posted by SpeakSoftly at 2024-03-20 02:01 PM | Reply

"Because liberals invested in their future and it paid off, while republicans were digging flamable rocks out of the ground and blaming others for their failures."

Texas could have built the Superconducting Supercollider.

But Republicans hate science.

How Texas Lost the World's Largest Super Collider
www.texasmonthly.com

#64 | Posted by snoofy at 2024-03-20 02:10 PM | Reply | Newsworthy 1

Then the deficits aren't going to be solved. The problem can not be fixed by tax and spending cuts. Trickle down is a lie.
It's funny that Republicans have always claimed to be the party of fiscal responsibility. Even as they've been running up debt by giving their wealthiest donors significant unfunded tax breaks for 40+ years.
One party runs up the credit card bills with gifts for their rich friends, and with no intention to pay those bills. The other party gets accused of spending too much every time they try to fund anything, that might benefit the average American. Yet the party that keeps ignoring the credit card bills it the party of fiscal responsibility...
If it won't happen then what is the solution?

#34 | POSTED BY WHATSLEFT

The last time we were in a good situation with the deficit was the 90s with a democrat in the white house and the GOP controlling congress.

During the time leading up to those years, the highest marginal rate never got above 40%. You have to go back to the mid 80s for that. Yes, we had years with the top marginal rate above 50% and still ran a deficit.

But we managed to run a surplus without raising the top rate above 40% throughout the Clinton Administration.

My point is THAT is realistic compared to 90%. No party, including the one you'd like to believe would support a tax rate of 90%, will support the top rate of 90%. They're still elected politicians who want to keep their jobs.

#65 | Posted by eberly at 2024-03-20 02:12 PM | Reply

"My point is THAT is realistic compared to 90%."

Realistic to whom? Find me any Republican official who says it's realistic.

#66 | Posted by snoofy at 2024-03-20 02:15 PM | Reply

The last time we were in a good situation with the deficit was the 90s with a democrat in the white house and the GOP controlling congress.

#65 | Posted by eberly

Yeah because reaganomics had only been implemented for a decade at that point. Now it's been implemented going on 4 decades which is why things are so much worse.

#67 | Posted by SpeakSoftly at 2024-03-20 02:17 PM | Reply

What about CA is "getting worse"?
- speaks
Income inequality. Even though has highest tax rates in country.
It's not solving it
In fact your metric would only give the government more incentive to make it worse.

#57 | POSTED BY ONEIRONAUT

The income tax in California is small compared to the Federal tax.

Why would you think it's enough to make a difference?

#68 | Posted by Sycophant at 2024-03-20 02:23 PM | Reply

Sorry can't continue, gotta fly my plane to watsonville for lunch.

#61 | POSTED BY ONEIRONAUT

Lol yeah right.

#69 | Posted by jpw at 2024-03-20 02:25 PM | Reply

-Yeah because reaganomics had only been implemented for a decade at that point. Now it's been implemented going on 4 decades which is why things are so much worse.

You're saying we could return to a tax structure similar to Clintons and it wouldn't make a meaningful difference?

On a related note....does anybody really care about the deficit?

#70 | Posted by eberly at 2024-03-20 02:56 PM | Reply

On a related note....does anybody really care about the deficit?
#70 | POSTED BY EBERLY

Speaking of Reagan:
Reagan proved deficits don't matter.
--Dick Cheney

#71 | Posted by snoofy at 2024-03-20 03:04 PM | Reply | Newsworthy 1

On a related note....does anybody really care about the deficit?

#70 | Posted by eberly

Well republicans always complain about it when they're NOT in the white house and then ignore it when they're IN the white house.

So I care about it as an issue that reveals republicans' absolute lack of principles.

#72 | Posted by SpeakSoftly at 2024-03-20 03:13 PM | Reply

well, that's 2 posters who gladly admit they don't care about the deficit.

It's the politics they're interested in.

And that's fine really. Deep down, almost nobody cares either. At least those 2 are honest.

#73 | Posted by eberly at 2024-03-20 03:16 PM | Reply

- does anybody really care about the deficit?

Republicans do!

If it weren't for Deficit Spending, where would they get the money for tax cuts for their wealthy donors?

I mean, this could get serious!

#74 | Posted by Corky at 2024-03-20 03:20 PM | Reply | Newsworthy 1

74

That's actually true.....people (elected) care to HAVE deficits more than they would ever care to have a surplus.

#75 | Posted by eberly at 2024-03-20 03:26 PM | Reply

well, that's 2 posters who gladly admit they don't care about the deficit.

It's the politics they're interested in.

And that's fine really. Deep down, almost nobody cares either. At least those 2 are honest.

#73 | Posted by eberly

I never said I don't care about it. You're strawmanning as usual.

I said republicans reveal their absolute hypocrisy and lack of principles on this issue, as they do on many others, but none as clearly as this.

The myth of republicans' fiscal responsibility has been shattered, yet they still market themselves that way.

#76 | Posted by SpeakSoftly at 2024-03-20 03:36 PM | Reply

-So I care about it as an issue that reveals republicans' absolute lack of principles.

Your words saying you care about the politics....but not the actual deficit.

#77 | Posted by eberly at 2024-03-20 03:39 PM | Reply

I'm unclear on what actually changes if we have a budget deficit or budget surplus.

Is it that we have to issue debt to cover any budget deficit? Here is where we see the difference between

Tax and Spend Democrats
vs.
Borrow and Spend Republicans

#78 | Posted by snoofy at 2024-03-20 03:44 PM | Reply

-The myth of republicans' fiscal responsibility has been shattered, yet they still market themselves that way.

Because it works.

#79 | Posted by eberly at 2024-03-20 03:44 PM | Reply

Does it? Trump has lost every election cycle for the republicans since 2020.

#80 | Posted by Alexandrite at 2024-03-20 03:49 PM | Reply

-So I care about it as an issue that reveals republicans' absolute lack of principles.

Your words saying you care about the politics....but not the actual deficit.

#77 | Posted by eberly

I do care about the politics. Now quote me saying I don't care about the actual deficit or shut the ---- up.

#81 | Posted by SpeakSoftly at 2024-03-20 03:50 PM | Reply

-The myth of republicans' fiscal responsibility has been shattered, yet they still market themselves that way.

Because it works.

#79 | Posted by eberly

...on morons.

#82 | Posted by SpeakSoftly at 2024-03-20 03:51 PM | Reply

80

okay but republicans have been hiding behind that myth for a generation or more. As I said upthread, the last time the republicans were behaving fiscally responsible was when Bill Clinton was in office.

#83 | Posted by eberly at 2024-03-20 03:52 PM | Reply

-Now quote me saying I don't care about the actual deficit or shut the ---- up.

As long as you're going to tell me how I'm helping screw this country up by telling me who I vote for.......I'm going to keep assigning your positions to you.

You don't give a crap about the deficit.

#84 | Posted by eberly at 2024-03-20 03:54 PM | Reply

by telling me who I vote for

You told me I didn't vote for McCain. (which I did) So physician heal thyself.

#85 | Posted by Alexandrite at 2024-03-20 03:55 PM | Reply

"What's your solution, taxing the poor?"

A surefire start would be to implement a VAT-like pretty much every other modern country on earth has done.

#86 | Posted by madbomber at 2024-03-20 03:57 PM | Reply

85

that was a specific vote....but you're right...guilty as charged.

speaks accuses me of voting party line republican.

he thinks being a registered republican means loyalty to the republican party.

That is NOT why I am a registered republican. I've explained this countless times.

#87 | Posted by eberly at 2024-03-20 03:59 PM | Reply

speaks accuses me of voting party line republican.

Which is silly, I take you at your word.

#88 | Posted by Alexandrite at 2024-03-20 04:02 PM | Reply

"My point is THAT is realistic compared to 90%. No party, including the one you'd like to believe would support a tax rate of 90%."

Untrue.

The marginal rates that apply to you don't matter. It's the effective tax rates that matter.

If you brought back all the various deductions that were in place when the highest marginal rate was 90%, it might be worth it. You could deduct the cost of household staff, family vacations, passive property deductions, and a bunch of other neat stuff. When Reagan passed TRA in 1986 which dramatically lowered marginal rates, it's biggest critics were the wealthy households that were going to wind up paying more. Because a lot of what could be deducted previously was no longer deductible.

Maybe it's just me, but I feel like I took a hit with the Trump tax plan. Prior to that, I could write off very expensive "professional" gear. Like a $10k Breitling Navitimer. Expensive high-end optics and professional gear. You can't do that anymore.

#89 | Posted by madbomber at 2024-03-20 04:04 PM | Reply

88

Oh, I think he understands fine and doesn't disagree....but he can't argue with me any other way and stay on topic.

As soon as he's cornered (doesn't matter the issue) he will respond with , "well, at least I'm not a member of a party that does this and that....blah blah" when that has nothing to do with the subject matter.

#90 | Posted by eberly at 2024-03-20 04:04 PM | Reply

"That is NOT why I am a registered republican. I've explained this countless times."

Dude, if you are not with them, you are against them.

#91 | Posted by madbomber at 2024-03-20 04:05 PM | Reply

89

I'm not saying that's not true......but you can't sell that. Nobody is going to say "90%...." anything.

#92 | Posted by eberly at 2024-03-20 04:06 PM | Reply

Dude, if you are not with them, you are against them.

#91 | POSTED BY MADBOMBER

That's pretty much the name of the political game for the majority of voters.

#93 | Posted by jpw at 2024-03-20 04:11 PM | Reply

On a related note....does anybody really care about the deficit?
#70 | POSTED BY EBERLY

The GOP only cares about them when a democrat is president.

#94 | Posted by Nixon at 2024-03-20 04:14 PM | Reply

"I am sure taxing the rich will solve the problem."

Not taxing them isn't solving it.

#95 | Posted by Nixon at 2024-03-20 04:16 PM | Reply

As long as you're going to tell me how I'm helping screw this country up by telling me who I vote for.......I'm going to keep assigning your positions to you.

You don't give a crap about the deficit.

#84 | Posted by eberly

That's your longstanding habit. Just declare you know something about someone and stick to it until you look like a fool.

Republicans ARE screwing this country, as evidenced by their attempting a coup, and therefore your support of them is helping them screw the country. Those are facts.

Me not caring about the deficit is a fantasy you pulled out of your ass in order to deflect away from your cult's massively hypocritical politics about the deficit.

#96 | Posted by SpeakSoftly at 2024-03-20 04:46 PM | Reply

-Republicans ARE screwing this country,

A fact I never disagree with.

What I disagree with is you blaming me for their ability to screw this country.

Your contempt for the GOP is your business. Not mine. You're free to believe what you want about the republicans...you're free to say anything you want about them.

That's a lot of freedom. But it's not enough for you. You have to make up lies and tell me who I vote for.

And most Americans don't really understand the deficit and how it impacts their lives and they've been witnessing this bickering about it their entire lives and it still doesn't add up to much in reality.

How much is it even possible to care about the deficit?

Even after I bring it up that nobody really cares about it...everybody who responded to that admitted to not caring about past the politics. Meaning the politics was all they mentioned. That's it. Nothing else. Because that's all it is to them. A political issue....not an economic one.

#97 | Posted by eberly at 2024-03-20 05:02 PM | Reply

-Republicans ARE screwing this country,

A fact I never disagree with.

What I disagree with is you blaming me for their ability to screw this country.

#97 | Posted by eberly

Republicans are screwing this country + you vote for republicans = you are helping republicans screw this country.

#98 | Posted by SpeakSoftly at 2024-03-20 05:41 PM | Reply

Even after I bring it up that nobody really cares about it...everybody who responded to that admitted to not caring about past the politics. Meaning the politics was all they mentioned. That's it. Nothing else. Because that's all it is to them. A political issue....not an economic one.

#97 | Posted by eberly

It's an economic issue created by politics - namely, people electing republicans who enacted reaganomics. Therefore the logical solution is to stop voting for people who are still pushing reaganomics.

#99 | Posted by SpeakSoftly at 2024-03-20 05:43 PM | Reply

"you vote for republicans = you are helping republicans screw this country."

For the 8,000th time....I vote against crazy republicans in primaries.

I won't waste my vote on a democrat in a primary election.

I don't support the republican party. I simply vote in their primaries so I have the opportunity to vote against the worst republican(s).

If a democrat could win....I'd gladly switch parties.

I know......you can't argue with me without telling this lie.

So keep telling the lie and I'll keep slapping you around with facts you hate.

Such as......you don't care about deficits.

#100 | Posted by eberly at 2024-03-20 05:55 PM | Reply

"you vote for republicans = you are helping republicans screw this country."

For the 8,000th time....I vote against crazy republicans in primaries.

I won't waste my vote on a democrat in a primary election.

I don't support the republican party. I simply vote in their primaries so I have the opportunity to vote against the worst republican(s).

If a democrat could win....I'd gladly switch parties.

I know......you can't argue with me without telling this lie.

#100 | Posted by eberly

We know you're too much of a coward to switch parties to send the message to the republican party that you don't approve of their transformation into a fascist cult.

We also know that in the general, you play the "both sides are the problem" game and vote for trump cult members who spread his lies and protect him from accountability.

Why should the republican party change when even attempting a coup doesn't lose the support of limp cowards like you?

#101 | Posted by SpeakSoftly at 2024-03-20 06:05 PM | Reply

you don't care about deficits.
#100 | POSTED BY EBERLY

He does, he just wants to extract more and more to cover them.

It's not a D or R issue, you need both, and you need both in check. Right now revenue matches historical norms, spending does not. Thats a fact.

There's even a "law"
en.m.wikipedia.org

A single party state is California. It's being destroyed from the inside.

You can't blame Rs for what is happening to the State.

#102 | Posted by oneironaut at 2024-03-20 06:09 PM | Reply

101

You're begging me to put ---- in your mouth, again. LOL

really, that's no less of a lie than anything you keep writing about me.

You know...you can lie about public figures, political parties...and you can just flat out get things wrong.

people here will come after you for it and it's all fair game.

but you're so butthurt and unable to argue an issue that you just keep going to this over and over and over.

"We" can all see you doing this.

nobody really cares that it's a lie.

You cannot debate with me. You are intellectually inferior to me and you know it. That crap you post is all you have in response.

and pretending there is a "we" in there when it comes to those lies. Trying to make yourself feel better? that you have a friend in this world?

sad....but those lies only prove you can't hang with me.

#103 | Posted by eberly at 2024-03-20 06:14 PM | Reply

A single party state is California. It's being destroyed from the inside.

You can't blame Rs for what is happening to the State.

#102 | Posted by oneironaut

No you can't blame Rs for california having a thriving economy that's for sure.

You can blame them for the situation in west virginia though.

#104 | Posted by SpeakSoftly at 2024-03-20 07:13 PM | Reply

You're begging me to put ---- in your mouth, again. LOL

#103 | Posted by eberly

We've moved on from eberly freakout phase 1 - strawman accusations, to eberly freakout phase 3 - homosexual attacks.

You skipped over eberly freakout phase 2 - calling your opponent a female. Is that because you were whining last week when someone did that exact same thing to you and you didn't want to get called out for hipocrisy?

#105 | Posted by SpeakSoftly at 2024-03-20 07:15 PM | Reply | Newsworthy 1

California is like the worlds fifth largest economy. It's hardly "destroyed".

#106 | Posted by Alexandrite at 2024-03-20 07:17 PM | Reply

-A single party state is California. It's being destroyed from the inside.

Destroyed?

California has some challenges. Some of it due to location and the ag industry

I don't run California down. Ever. Would never live there but that has nothing to do with politics.

#107 | Posted by eberly at 2024-03-20 08:08 PM | Reply

"We know you're too much of a coward to switch parties to send the message to the republican party that you don't approve of their transformation into a fascist cult."

Dude, the last thing the Democratic Party wants, or needs, is someone like you attempting to explain their positions.

You're a left-wing weirdo. The fact that the Democratic tent includes people like you is why I'll never be a Democrat.

You're the Dems version of MAGA. Most of the voters in this country are not fans of extremists or radicals.

#108 | Posted by madbomber at 2024-03-21 02:08 AM | Reply

What was their tax rate back when America was Great?
#32 | POSTED BY SNOOFY

About the same.

Could you taste the stupid when you typed that?

#109 | Posted by Nixon at 2024-03-21 07:07 AM | Reply

The GOP only cares about them when a democrat is president.

#94 | POSTED BY NIXON

True...

when do you care about them?

#110 | Posted by eberly at 2024-03-21 07:20 AM | Reply

109

do you understand the difference between a marginal rate and an effective rate?

There is no point in increasing the marginal rate unless it moves the needle on the effective rate.

#111 | Posted by eberly at 2024-03-21 07:22 AM | Reply

You're the Dems version of MAGA. Most of the voters in this country are not fans of extremists or radicals.

#108 | Posted by madbomber

Until dems throw away all their principles to become the cult of a russian-owned con man and then attempt a coup against democracy, there is no dem version of maga.

#112 | Posted by SpeakSoftly at 2024-03-21 02:12 PM | Reply

Bidenomics... hah! funny!

You are truly a 'Useful Tool to Corporate America' if you are
believing this lie. Corporations set the prices. Not the President, not
the Government. Not Jewish Space Lasers.

Corporate. America.

but it's no wonder that people so STUPID they bought into
Trickle Down Economics for the better part of HALF A CENTURY,
could be so easily duped.

Man the RIGHT is stupid!!

#113 | Posted by earthmuse at 2024-03-21 02:27 PM | Reply

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