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View Diary: Did you really think Republicans were the only BIG LIARs? (70 comments)

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  •  HR the post? (3+ / 0-)
    Recommended by:
    jellyyork, katiec, kkkkate

    Did your feelings get hurt because I think Dems are stupid for reiterating The Big Lie that the federal Govt's budget works just like your personal budget?

    Sorry the truth hurts.

    "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

    by Auburn Parks on Wed Mar 26, 2014 at 06:22:07 AM PDT

    [ Parent ]

    •  the tone of your comments (6+ / 0-)

      indicates your goal is to be divisive rather than participate in the purpose of this site which is to elect more and better Democrats.

      •  I suspect Parks is disheartened that our (2+ / 0-)
        Recommended by:
        jellyyork, Auburn Parks

        public discourse, including within the most progressive realms, including the Democratic Socialist public realm, is so far sunk into easily refuted beliefs/lies that it is scary.

        Scary - in part because these beliefs/lies (and for some people it's lies as one could show they actually know better) are in large part what is going to prevent us from not cooking the flesh of the younger generations when we decide to let the earth become a big frying pan.

        •  such as what? (0+ / 0-)
          Democratic Socialist public realm, is so far sunk into easily refuted beliefs/lies that it is scary.
          •  Such as: ...... (3+ / 0-)
            Recommended by:
            Auburn Parks, psyched, kkkkate

            1)  The US, UK, Japan, Russia, India, China....  but   NOT  the EU, create their own currency out of thin air, and can never run out of the ability to make accounting marks.  

            2)  The the US, as opposed to say, Bolivia, doesn't need to earn foreign currencies to purchase things like oil, because the dollar is the world's reserve currency.  And even if we go to a basket of currency, the dollar will be accepted as a reserve currency for a very long time to come.

            3)  The US can never run out of dollars, and can always afford anything denominated in dollars.

            4)  Dollar are both a public liability and a private asset:

            Public -1  =  Private +1

            5)  The US must spend as many dollars as it needs to in order to satisfy both world demand and domestic demand for dollars.

            6)  Since we have decided to become the world's buyer/employer of last resort (the non-domestic world, at least), then we import stuff and export dollars.  The accounting is:

            Public -1  =  (Domestic + 1/2)  -  (Foreign Trade + 1/2)

            7)  Claiming that it's a good thing to create a public sector surplus while running a foreign trade deficit is horrible, cuz it looks like this:

            Public +1  =  (Domestic -2)  -  (Foreign Trade +1)

            And this is how it look whether we run a public surplus now or in the future.

            8)  Sanders knows all this.

            9)  But he has decided to not know it.  Probably for political reasons.  Cuz really, he's already the only Socialist in the fed gov, how would it look if he started refuting the very foundation of most people's belief's regarding "Public Debit is just like a Household's"?

            As though households deficit spend into existence our national currency so we have incomes?

            •  so Sanders is the lone example of Dem Socialist? (0+ / 0-)

              he's not a Dem, but be that as it may, your comment seemed to indicate a broader sample

              •  Sanders is the only Dem Socialist with a broad (2+ / 0-)
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                psyched, kkkkate

                public microphone.

                But from what I  can see from some of their publications, they're not exactly up on how either our fiat monetary system works or how national accounting works.

                But Sanders is, cuz he had 5 Modern Monetary Theorists/friendly to MMT, advisers for a while.

                Which is one of the reasons I'd vote for him.

                At least he is in the know.  Even if he continues to use rhetoric to the contrary.

              •  The Dems are worse than sanders on the whole. (2+ / 0-)
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                katiec, kkkkate

                Obama has repeatedly lied to the American people that we're going broke and are out of money.

                Its shameful.

                We give up Germany and Japan, we just can't manufacture any more fiat dollars from nothing. We've got plenty of intelligence, natural resources, labor power and ingenuity to fight and win but fiat entries on (Digital today) bank spreadsheets we are fresh out of.

                What a joke. What could ever lead someone to believe something so silly?

                "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

                by Auburn Parks on Wed Mar 26, 2014 at 10:39:02 AM PDT

                [ Parent ]

          •  More simply: Keynes..... (3+ / 0-)
            Recommended by:
            psyched, Auburn Parks, kkkkate

            John Maynard Keynes said "if we can do it, we can afford it." He, as almost always, was right. Can we educate our children? Then we can afford it. Can we care for the sick and disabled? Then we can afford it. Can we build decent homes for everyone? Then we can afford it. Can we provide food for everyone? Then we can afford it. It's just a matter if will and priorities.

    •  Keep writing obnoxious and insulting posts... (1+ / 0-)
      Recommended by:
      Batya the Toon

      ....and you'll get lots of angry responses.

      I've already decided that you're a jerk, mostly because of your insulting comments and inflammatory language in your diary.

      No HR, but no rec either.

      "Ronald Reagan is DEAD! His policies live on but we're doing something about THAT!"

      by leftykook on Wed Mar 26, 2014 at 08:38:16 AM PDT

      [ Parent ]

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