and then folks keep citing Keynesian economics as to why stimulation is good. but only when you stimulate, you need a few burn down cycles too. So yeah, Biden dumps a couple trill on the economy but.Trump was lowering taxes w/o cutting expenses but 2008 punish all the savers and protect all the overleveraged investors. You have to go back to Clinton of all people who was well on the way to balancing the federal budget. (Granted it was b/c of the tax revenue from buying and selling stock during the dot.com bubblebut when he had the opportunity he was doing the right thing)

So, here's a simple example, last couple years folks get money to pay their rent. OK, that's nice and all, but what it really does is subsidize the landlords, knowing this, they can take lots of risk and be overleveraged knowing they will get bailed out if something goes wrong. Likewise the banks that lent that money. 2008 anyone? If those guys got burned it actually might collapse the market making housing costs cheaper for those renters etc. As Gore Vidal said, socialism for the corporations, capitalism for the rest of us.




[Post edited by `lag at 12/04/2021 1:39PM]