Economics

Say No to More COVID-19 Relief Spending

The scale of the current relief efforts means that many Americans received more income during this pandemic than they did before it.

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The $1.9 trillion COVID-19 relief plan that President Joe Biden outlined in a televised speech before his inauguration includes a national vaccine investment; $1,400 checks for individuals; more aid to small businesses, families, and schools; a bailout for state and local governments; and an increase to the federal minimum wage just as small businesses are trying to dig out from a recession. At press time, the fight over the exact details of the package was coming to a close. Although it is apt to be popular, this COVID-19 spending is neither necessary nor beneficial.

When the battle began over Biden's plan, Donald Trump's signature was barely dry on the $2.3 trillion bill that Congress passed in December, which included $900 billion in COVID "stimulus." That legislation authorized $600 individual checks; a $300 bonus on top of an extension for federal unemployment benefits; a second round of bailouts for airlines, Amtrak, and the John F. Kennedy Center for the Performing Arts; the creation of two identity museums; and other items unrelated to the pandemic.

Even the ostensibly pandemic-related provisions of that bill reflected misplaced priorities. Although the best form of stimulus would be to reopen the economy, very little of the money went to vaccine distribution. We instead saw efforts by Sens. Josh Hawley (R–Mo.) and Bernie Sanders (I–Vt.), aided by Trump, to cut even larger checks to individuals. While they ultimately lost the fight for $2,000 checks, they secured means-tested $600 checks that individuals received regardless of their job situations.

In total, Congress has spent about $4.5 trillion on COVID-19 relief, of which $3.42 trillion was not covered by existing revenue. Assuming the new relief bill totals $1 trillion in additional spending, total stimulus spending over a one-year period will amount to 26 percent of GDP. From 2008 to 2012, the Bush stimulus, the Obama stimulus, and the Troubled Asset Relief Program combined accounted for around 10 percent of GDP.

The scale of the current relief efforts means that many Americans received more income during this pandemic than they did before it. According to data from the Federal Reserve Bank of St. Louis, total U.S. wage and salary disbursement was roughly $37 billion lower in November 2020 than it was in February 2020, which means the cumulative March-to-November wage and salary loss amounted to $333 billion. That's significantly smaller than the amount of individual stimulus disbursed by Congress.

Meanwhile, analyses of the unemployment insurance extension enhanced by a $600 bonus that passed in March 2020 found that two-thirds of recipients made more by not working. Under the Biden proposal, new data show, 62 percent of unemployed workers receiving the benefit would make more than they did when they had jobs.

Sending checks to people while paying them not to work might be a winning issue during election season, but it will create serious distortions and perverse expectations that will be hard to correct. It is also economically destructive. Increased government borrowing to finance debt obligations does not just crowd out other federal spending priorities; it also competes for funds in the nation's capital markets, which crowds out private investment. A review of the academic literature that my Mercatus Center colleague Jack Salmon and I conducted reveals that heightened levels of debt have a negative impact on economic growth potential, and in many cases this impact becomes noticeably more pronounced as debt levels increase.

There is no justification for sending hundreds of billions of dollars in checks to working families or for extending overly generous unemployment benefits when businesses are trying to reopen. There is also no justification for bailing out fiscally irresponsible states—especially those, such as California, that had larger revenues in 2020 than in 2019. And there is no justification for bailing out airlines' shareholders or companies like Amtrak, which can't seem to get its act together even during good times.

This amount of spending cannot be justified in the name of stimulating economic growth. Past spending sprees aimed at jump-starting the economy have always produced returns lower than the cost of the investment. When the nonpartisan Congressional Budget Office looked at the return on the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act, it found that the economy grew by 66 cents for each dollar spent. This dismal performance should not surprise anyone, as it is impossible to stimulate demand when so much of the economy is closed and people are social distancing.

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  1. Getting more people used to government hand outs is the goal. People who work, save, pay their bills and don’t need the powers that be to run their lives are dangerous to their plans.

    1. As illegal third term president Block Insane Yomomma would call it: the “fundamental transformation of America”.

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    2. Oddly the democrats have now openly admitted that was the goal.

      1. I’m wondering how many democrats we need to dispose of to stop them.

        1. Shut up traitor

          1. Mormons gonna come git ya!

      2. That shouldn’t be a surprise. Bernie Sanders has been touting a guaranteed minimum income for several years now. Because like socialism and stimulus, a failure of welfare just means we “haven’t done enough of it.”

        Never let it be said that politicians couldn’t find a way to spend money, particularly if it buys votes. And of course if you can claim it’s for the children, an overblown pandemic or any other crisis, any politician that says no will be painted as evil.

    3. Yeah.

      “The scale of the current relief efforts means that many Americans received more income during this pandemic than they did before it.”

      Completely intentional.

  2. “Meanwhile, analyses of the unemployment insurance extension enhanced by a $600 bonus that passed in March 2020 found that two-thirds of recipients made more by not working. Under the Biden proposal, new data show, 62 percent of unemployed workers receiving the benefit would make more than they did when they had jobs.”

    Any honest reading of this, that the paltry stimulus checks/UI provides more income than working, would be that employers do not pay enough. Libertarianism prescribes no solutions to this problem; doesn’t even see it as a problem. Lovely ideology you guys got here

    1. Koch / Reason libertarianism is fundamentally about making billionaires — especially our benefactor Charles Koch — even richer. If employers are paying low wages, that’s actually a good thing because it keeps Mr. Koch’s costs down and profits up.

      #InDefenseOfBillionaires

    2. The fact that adding hundreds of dollars *per week* (we aren’t even talking about the one-time [three-time?] stimulus payments here) to unemployment makes it pay more than their old job doesn’t really imply much about whether employers pay enough.

    3. “Lovely ideology you guys got here.”

      And your “solution” would be…….?

      1. It would be a final one. Directed at a specific group or set of groups that are singled out for blame. Possibly sending them to camps, where they can learn to concentrate.

    4. That’s the thing about libertarians, they’re real good at bitching about government problems but not so good on telling us how government should go about solving all our problems. It’s almost as if they believe that government can’t solve all our problems or that some problems are not soluble. Those of us that believe in Science™ know that if only government were given the power to order our lives, we could all be above average in our enjoyment of life.

      1. Yes. Above average. Affirmative Action proves that you can give an undeserving person an above average life and salary and they will still fail to produce sufficient results. Look how well they those workers are supporting veterans.

      2. Easy government shouldn’t solve problems they should protect rights, enforce contracts and provide nation defence. All other things fall to the individual.

    5. This is bait.

      1. I suspect you are correct, But hey, it’s Sunday morning, and I am a bit bored.

      2. Hey Mamma the Highly Esteemed, Expert Christian Theologian!

        https://reason.com/2021/03/24/for-the-first-time-a-majority-of-republicans-support-same-sex-marriage/#comment-8822506

        Have you figured out yet, how many angels can dance on the head of a pin? Many of us are waiting with bated breath!

        Also, how is Your Followership building up? I mean, for Your “Expert Theologians for Worshipful Methods of Identity Theft”? Where do we subscribe to Your Newsletter?

        1. The funny thing is that Sqrlsy’s saying I’m some sort of theologian because, like a billion others, I know the basic doctrines of one of the world’s major religions.

          The pathetic thing is that he doesn’t.
          Particularly when he has a blog he calls his “church” where he tries to expound on it in his own, insane way.

          What a loser.

          1. And so how does your fancy-pants theology justify self-righteous, snarky ID theft? Hypocrite much? And WHAT did you say You expect to earn with Your Lies, and Your never-ending, faithful services to the Father of Lies?

            1. “snarky ID theft”

              Are you telling me that you’ve patented that feces-eating, insane persona of yours?
              You have it trademarked?

      3. Have You improved Your Expert-Theologian Methods of Identity Theft yet, or is the below still the best, “State of the Art” that you have to offer?
        See https://reason.com/2021/03/21/why-we-still-shouldnt-censor-misinformation/#comment-8818090 and then also slightly above it.

        1. It’s identity THEFT because I’ve PATENTED this gibbering, poo-eating persona! It’s MINE and nobody else can have it!!!! I’m like Mickey Mouse!! So fuck you guys who mock me with on-point imitations!!!
          http://www.churchofsqrls.com/Melvin_takes_a_dick

          1. Is your latest voice that of You as Evil 0O0One Junior, or Evil O0O0ne Junior? Perfect Theologian? Some of us are smart enough to smell the lies of you AND your boss, the Father of Lies, you know, liar! ID thief! Cesspool of lies and hate!

            What, exactly, do you think that you’re earning for yourself, serving the Father of Lies? Do you think your Big Dadda is gonna share its imaginary hate-POWER with you, or what?

            If THAT is your illusion, please go study THIS! So many of us fantasize that our support of those who we think is (or will be) the “winner” will earn us the support of the “winners” and their spoils.
            See “the night of the long knives” at https://en.wikipedia.org/wiki/Night_of_the_Long_Knives… Ernst Röhm (head brownshirt, street brawler, for Hitler) thought his support of Hitler would leave him sitting pretty. So sorry, Ernst Röhm, Hitler had another thing coming for you…
            Right here on Reason.com comments, we see the same thing. The “brownshirts” of the commentary (Nards, etc.) try to brownshirt their enemies off of the comments board, tell their enemies to commit suicide, and other “street fighting”. And Mamma and ID theft. They, I suspect, expect payback (war spoils) from “winning” Orange Hitler, just as Ernst Röhm did from “winning” Hitler. And yes, the Father of Lies as well!

            1. I love to LIE my ass off, and suck Satan’s dick! Because I hate humanity! The Evil One is the Father of Lies, just as Der Fuhrer is the Genius! So, as the apple falls not far from the tree, I INSIST on telling obvious lies, all day, every day! Butt… Surprise, surprise! Other Evil Ones Junior will fall for my lies… Because they want to!

    6. Listen retard, “pay” is not some arbitrary number that people get, determined by some equally arbitrary authority.

      Pay is half of the exchange for produced value. People who produce more get paid more. We can rephrase your foolishness as “workers don’t produce enough”, at least in some value that others freely wish to pay more for.

      1. That’s not fair. Everyone should make an above average wage.

    7. Lol. That was your take? Not that government isn’t overly generous and has no understanding of economics… but they should manipulate a wage floor.

      Found the poster dumber than jeff.

      Wouldn’t be shocked if this is sarcasmic though.

    8. “employers do not pay enough” — So Stop being STUPID and go be an employer… Problem solved.

    9. “…Any honest reading of this, that the paltry stimulus checks/UI provides more income than working, would be that employers do not pay enough…”

      Fuck off and die, slaver.

    10. I would bet almost anything that you also love globalism and the ChiComs though.

    11. Guess what, the healthcare stock market cronyism and subsidizing around 30percent of the population via around 70 percent of the population is called Obamacare. This creates hyperinflation of healthcare, due to the subsidies and cost sharing deductions of that piece of crony meets socialist shit. Eats up raises, especially on small, startups and medium sized business. The absolute fucking tapeworm of the US economy. The hyperinflation is going to get worse. Enjoy the ride moron.

    12. The solution is always the same, prohibit government from initiating force.

    13. Of course employers pay wages from sales receipts that the market will bear. Government pays wages from thin air that your grandchildren will have to work for to pay back for the rest of their lives.

    14. Any honest reason of your post would suggest that someone [actually everyone] other than you is responsible for making sure you’re happy with your own worth in the marketplace. As well as a lack of understanding that in a world economy, what people are being paid to bring food to your table in this country far exceeds the median income for all professions. The world doesn’t owe you an income, much less one that pays you according to your feelings.

      1. Only modern day Gov-Gun theft — “pays you according to your feelings”…. 🙂

        That day “feelings” started packing Gov-Gun threats.

    15. “employers do not pay enough”

      Or… employees do not provide enough value?

      This is an inevitable future. Meat robots are no longer needed, and we don’t need 300 million “knowledge workers.”

      The end result will be some sort of universal basic income.

      1. “This is an inevitable future.” — Sure, sure; The same inevitable future the pioneers talked of when the fuel engine started replacing horses. The need for horse trainers, feeders and breeders all went out the window and no-one had anything left to do!!??

        UR Stupid.

    16. “would be that employers do not pay enough. Libertarianism prescribes no solutions to this problem; doesn’t even see it as a problem. Lovely ideology you guys got here”

      Here is the solution: GET OFF YOUR ASS AND START TAKING RESPONSIBILITY FOR YOUR OWN LIFE! Gain some jobs skills, work hard, move up the ladder, start a business, etc… I got a newsflash for you, if you make next to nothing, you provide next to no value to your company and it’s customers, you don’t deserve to get paid “enough”. Anybody in the US who makes say less than $15/hour by the time they are say 25 (exceptions for those in grad school/medical school, etc…) have made some seriously bad life choices, and that’s on them. This isn’t subsaharan Africa with no opportunities, anybody who isn’t completely stupid or completely lazy can find a field to make a decent living in.

  3. “many Americans received more income during this pandemic than they did before it”

    That’s totally unfair. Especially since Reason.com’s benefactor Charles Koch lost $5 billion in 2020.

    1. Yes, but that was Trump’s fault for stemming the tide of cheap Guatemalan slaves undocumented immigrants which raised his labour costs.

      1. “His labor costs. ?”

        Whose labor costs are we talking about here. Because the president does not pay the people I contract with for work.

        1. “Especially since Reason.com’s benefactor Charles Koch lost $5 billion in 2020.”

          Please try to keep up.

          1. And why do I care about the Koch net worth?

            You referred to Trump and his labor costs. You said that specifically.

            Care to defend that?

            1. You should re-read this thread and try again.

            2. Are you drunk? Booze doesn’t help with reading comprehension, bud.

        2. Trump was showing us The Way, by hiring “illegal sub-humans” (Polish in this case, many of them), and then NOT PAYING THEM for the work that they did! That’s the way you do it! Money for nothin’, an’ yer chicks for free!

          https://time.com/4465744/donald-trump-undocumented-workers/
          What Donald Trump Knew About Undocumented Workers at His Signature Tower

          But Trump had OODLES AND BOODLES of money to pay slime-sucking LAWYERS to get the ripped-off workers off of Trump’s back, by threatening to get them deported!

          Vote for for the likes of Trump… He knew how to get rich by ripping others off, so He can make ALL of the USA rich, by ripping off the rest of the galaxy!

          How’s that been workin’ for ya, trumpanzees?

          1. I doubt Trump has gotten any chicks for free in a long, long time.

            1. I lust after being abused by power-mad politicians, because I am power-mad myself! And I suffer under the utterly stupid illusion that power-mad politicians will feed me, like a doggy under the table, a wee few, tiny scraps of their vast powers. Biden came up here to Canoodlestanistanistanistanistan to noodle me and my poodle, and give me nookie, with my Wookie and my bookie, but all that Biden would do, is smell my hair! So I lust after Der TrumpfenFuhrer to come up here and grab my pussy good and hard!

              1. Mamma the lying servant of the Father of Lies is lying again! What a surprise! You stripped it out of context, implying that I posted it to look like you! The silly, non-sensical header in the original makes it TOTALLY clear that it was a spoof! Which wasn’t (and STILL isn’t) true in YOUR ID theft! And even MY retorts (here in this case) was after YOU pulled out what was CLEARLY my sarcasm! And tired to make it look like it was me being serious, not sarcastic! Clear to ANYONE except those who deliberately WANT to believe lies. And that is both you are your oh-so-adored “Father of Lies” that you serve, in a nutshell… Believing in lies… Because you want to!

                (Originally posted under “SQRLSY One”)
                Mother’s Lament
                Bimbosday, 43 Bimbobember 2020 at 6:66 PM
                I lust after being abused by power-mad politicians, because I am power-mad myself! And I suffer under the utterly stupid illusion that power-mad politicians will feed me, like a doggy under the table, a wee few, tiny scraps of their vast powers. Biden came up here to Canoodlestanistanistanistanistan to noodle me and my poodle, and give me nookie, with my Wookie and my bookie, but all that Biden would do, is smell my hair! So I lust after Der TrumpfenFuhrer to come up here and grab my pussy good and hard!

                1. Because I’m the lying servant of the Father of Lies! It’s a surprise! My silly, non-sensical header in the original makes it TOTALLY clear that it wasn’t a spoof! Which wasn’t (and STILL isn’t) true in YOUR ID theft! And even MY patented, copywritten retorts (here in this case) was after YOU pulled out what was CLEARLY my sarcasm! And tired to make it look like it wasn’t me being serious! Clear to ANYONE who deliberately WANTS to believe my lies. And that is both you are my oh-so-adored “Father of Lies” that I serve, in a nutshell… Believing in lies… Because I want to!

        3. “His labor costs?”

          Actually, he said “labour” in his native Canadian, you racist dick.

          1. Seriously, I feel so racisted against my Canadianisming.
            Maybe Echospinner needs to be cancelled… or at least taught how to read.

            1. Canceled?

              Oh I’m just getting warmed up.

              Perhaps you have an education. What is Canadianisming?

              1. Being misread by drunks.

                1. Or qubeckerds

              2. OpenBordersLiberal-tarian
                March.28.2021 at 8:34 am
                “many Americans received more income during this pandemic than they did before it”

                That’s totally unfair. Especially since Reason.com’s benefactor Charles Koch lost $5 billion in 2020.

                Mother’s Lament
                March.28.2021 at 9:51 am
                Yes, but that was Trump’s fault for stemming the tide of cheap Guatemalan slaves undocumented immigrants which raised his labour costs.

                Did you re-read this yet? It’s the beginning of the thread you’re commenting on.

                1. Yes and they are still not “his” labor costs unless you are talking about the Trump hotels and resorts.

                  1. Third times a charm? “His” is Koch’s labor cost. Those dotted lines to the left of comments will show you when someone is responding to someone else. ML was responding to OBL’s comment about Koch’s profits. Are you new here?

                  2. Wow. Youre an idiot. It refers to koch.

                    1. I know what OBL is up to.

                    2. Good for you. “His profits” still refers to Koch’s profits.

                    3. Or “his labor costs” rather.

                    4. Rather.

                      “ Yes, but that was Trump’s fault for stemming the tide of cheap Guatemalan slaves undocumented immigrants which raised his labour costs.”

                      So Trump again. Which raised the cost to Koch and everyone who had “cheap Guatemalan slaves” is that the hypothesis?

                    5. Oh for fuck’s sake. Were you just pretending to be retarded as part of a troll?

                    6. So you’re right about who’s labor costs ML was referring to, but I’m wrong? Even though ML agrees with me who’s labor costs he was referring to.

                      Did the Canadian accent throw you off, or is he right (and by “he” I mean ML, not Trump, just so you’re not confused) and you’re just being a retarded troll, sarc?

                2. Undocumented immigrants are not “slaves”. To denigrate humans as “cheap Guatemalan Slaves” is pure racism.

                  1. They are the way rich Uncle Charles used them, shill.

                    Oh, and you can take your garbage attempt at high-dudgeon and cram it up your ass, you phony race-hustling poseur.

        4. You misspelled labour.

  4. If you spend too much money, the government expects you to budget better, not steal more money.

    We should expect the same from the government.

    1. HAHAHAHAHAHAHAHAHAHA (in response to both your statements)

    2. Yes

  5. I said “no” to the first three handouts. How many more times do I have to say “no” before they stop?

    1. Refusing your “stipend” would be unpatriotic.

    2. Racist!

  6. My government is my mommy.

    My mommy gives me things. My mommy tells me what to do. I want to make my mommy happy.

    1. ^LOL +100000000000

  7. If everyone buys assault rifles with the checks, Joe will stop sending checks. There is no better investment these days besides ammunition.

    1. And sacks of rice, packets of aspirin and acetaminophen, a couple of good axes, cured firewood, chlorine tablets and several intimidating dogs.

      1. But, I can get all of those things with the assault rifle. Wouldn’t you agree?

        1. Bullets aren’t infinite.

          1. You haven’t seen my stash.

          2. A blade never needs reloading.

            Max Brooks
            The Zombie Survival Handbook

    2. Can’t buy bullets at the moment. Waiting patiently until I can.

      But it will be from this list.

      https://www.marineapproved.com/best-long-range-rifles/

      1. Our military loved those bolt weapons for several decades, then we went to an actual war in an urban environment and quickly realized how stupid it is to carry a 5 shot bolt gun when long range shots are not always the norm. Most of those weapons are really long. Imagine having to get in and out of vehicles, climb buildings, and crawl under fences with one of those big rifles. If you stumble into a short range gunfight, it will suck. You only need that weapon if you are expecting to have to shoot bad guys at 1000m plus. For most people, an M4 or a built 5.56 weapon like a Mk12 with a good scope is a much better choice. For 0 to 400 yards, they drop people just fine.

    3. I bought a Glock with mine. The store I got it at is keeping a bit of ammo in reserve and only selling one box when you buy a gun, so I got a box.

      1. See if they offer training classes. Mine sells 2 boxes with training at the range.

        1. They have classes, but it’s bring your own ammo only.

          1. Agreed with range only, but ours does tact courses, long gun training, etc which they sell 1 box range 1 box home w training.

            Have to get my ccw now if arizona changes their “ignore no gun signs” if you have a ccw.

            1. My brother and I are going to halves on a setup to make our own ammo. Any idea if the materials are hard to get too?

              1. Yeah I have two buddies that reload their own. They are having many problems getting supplies.

              2. All of it is hard to get. The only thing left on the shelf is exotic stuff.
                What is really interesting is that all of the high end sniper weapons disappeared early on. Thousands of Americans possess high tech long range weaponry that is capable of 1600m kills by any decent marksman. That was not possible 30 years ago, training snipers took a minimum of 6 weeks.
                If I were a politician, I’d work on my cardio and basic infantry movement techniques while under sniper fire. Perhaps “Hilly” can give a class to them.

        2. Also, poor sarc, we broke him so bad he left, now he’s missing out on all these gun conversations.

          1. And an alcohol discussion yesterday. Twofer.

      2. Buy an airgun. Crosman custom sells very accurate airguns at a low price. They are very quiet now and totally legal. Walmart always has CO2s and pellets.

    4. I’m not sure $600 would buy you much ammo, these days…

  8. It’s cute how Reason thinks what we want matters anymore.

    Money printer go BRRRRRRRRRRRRRRRRR, plan accordingly.

  9. “If everyone buys assault rifles with the checks…”

    Interesting you should mention that. But, hey, I already had mine, so I spent it on other toys.

    1. I stocked up during the 90s. I did inventory and restock at the beginning of covid.

      1. I hear that. I got my first “assault rifle” (a Mini-14) during the Carter administration.

  10. I WANT MORE FREE MONEY!

  11. The Reason employees must be really busy enjoying their weekend, there have been very few of their left-wing sockpuppet accounts in operation.

    1. The reason staff doesn’t give two fucks what a bunch of uneducated rednecks think.

      1. ROFL, you’re almost certainly one of them yourself!

        1. Go ahead and think that if it makes you feel better. Doesn’t change the fact they don’t care what you backwards hillbillies think.

          1. You’re nothing but a pathetic fucking loser who dreams of getting a job at the New York Times, the Washington Post, the Atlantic, etc. but never will because you’re too stupid and unqualified.

  12. Most of us said this last year and voted against and attacked the guy promising to spend more. Reason went the other direction.

    1. Sorry that Reason didn’t act like a pro-Trump propaganda outlet.

      1. Versus Pro-Commie / Nazi? Ya; that’s something to be proud of if you’re Hitler.

        1. You’re the Nazi Trump loving traitor ya moron

          1. Biden IS the Nazi (def; National Socialist); everyone knows it except wildly stupid and ridiculously ignorant Democrats. I mean good grief; the whole party is boldly and undeniably behind the ideology of Nazism.

      2. You should be sorry about your TDS, shit.

        1. Was that intended to convey a coherent thought?

          1. Does seething anger count as thought?

            1. Be careful switching socks.

              1. OK, mom.

            2. Well, it’s the best that we can expect out of Sevo. His anger-management therapy (paid for by your and my taxes and insurance payments) came from the below source:

              “Chris Bathum”, see http://www.malibutimes.com/news/article_62b16ee4-2246-11e8-b456-1f240b332af0.html ,
              Malibu ‘Rehab Mogul’ Guilty on 31 Criminal Counts
              Christopher Bathum’s rap sheet includes a long list of charges, from fraud to forcible rape.
              Your tax and health-insurance money at work!!!

              1. Sevo Greevo big bam weevo is always telling me to go eat SHIT!!! Little does angry little Sevo realize that is exactly what I plan to do! Copraphilia is natural and good for your health and many animals do it too!!!
                I lust after being abused by power-mad politicians, because I am power-mad myself! And I suffer under the utterly stupid illusion that power-mad politicians will feed me, like a doggy under the table, a wee few, tiny scraps of their vast powers. Biden came up here to Canoodlestanistanistanistanistan to noodle me and my poodle, and give me nookie, with my Wookie and my bookie, but all that Biden would do, is smell my hair! So I lust after Der TrumpfenFuhrer to come up here and grab my pussy good and hard!I lust after being abused by power-mad politicians, because I am power-mad myself! And I suffer under the utterly stupid illusion that power-mad politicians will feed me, like a doggy under the table, a wee few, tiny scraps of their vast powers. Biden came up here to Canoodlestanistanistanistanistan to noodle me and my poodle, and give me nookie, with my Wookie and my bookie, but all that Biden would do, is smell my hair! So I lust after Der TrumpfenFuhrer to come up here and grab my pussy good and hard!
                http://churchofsqrls/how_to_re-eat_your_food

      3. You really are a stupid sort.

      4. I mean, did you even notice my post said nothing about supporting trump, but only said attacking bidens open platform? And you rushed to defend him. Youre a raging leftist in a 5 year old retards head.

        1. You are so disingenuous.

          In your own words above, you “voted against” the guy who was going to spend more (presumably meaning Joe Biden). Precisely whom did you vote *for* when you “voted against” Biden?

          I voted for Jo Jorgensen. Whom did you vote for?

          Oh, and Mother’s Lament, whom did you vote for?

          1. Yes, we’ve been over this. You voted for the coin to land on edge because you’re a fucking retard.

            You knew jo had no chance but you voted for her so you could claim you aren’t a lefty fuck, no reason more. You essentially ignored the GND, raised taxes, new regulations, probably new wars, attacks on education, bowing to unions, etc and went “hmmm… I want to virtue signal and claim i voted for Jo even though she had no chance to win, at least she is an anti racist.” And you threw away lowered taxes, reduced regulations, troop withdrawal, no new wars… but God damn those mean tweets.

            You have no fucking principles other than to preen as a fake libertarian who leads so far left where if your vote mattered you would have voted dem. You defend their shit all the time. You defend blm and anti racism. You’d even violence on the left.

            You simply lie about who the fuck you are.

            Open authoritarianism and increase federal growth was staring you in the face and you did jack shit. You have no principles. You even defend the sycophantic media and democrats.

            1. “You’d even violence on the left.”

              You’d even noun on the purple! I suspect that you’d even turnip on the dole, and pangolin in the muddle!

              1. It’s hard to grammar in rant mode.

                1. Hard to switch your sock too, evidently.

              2. Why do you always come in with this sock sarcasmic?

            2. Helpful hint for confused readers: With the help of a Star Trek translator device, I “beamed down” a rough rule that works 99.999% of the time: And verbal diarrhea from the keyboard of Der JesseBahnFuhrer can be translated roughly as follows: “My tribe GOOD! Your tribe BAD! My violence GOOD! Your violence BAD!”

              1. And, by the way, JesseBahnFuhrer does not allow anyone to belong to a libertarian tribe, or belong to no tribe at all. If you are not a Trumpista, you are an enemy of the Trumpistas.

                1. Lol.
                  Socktastic!

                2. Hahahahahahhahahahahahhahahahahahhahahahah.

                  I warned you to be careful retard.

            3. Yeah.

              Libertarians are fucking retards.

              Keep coming here and saying that.

            4. “And you threw away…”

              I didn’t throw away anything, since I do not live in a state that is anywhere close to being a “swing” state.

            5. “You defend blm and anti racism.”

              You know exactly what I have said about BLM and riots, and you are lying at this point if you still claim that I have ever defended BLM.

              I am against racism, of course. You are the one who claims the only way one can be against racism is to sign up for the progressive’s definition of anti-racism, which I do not.

              1. Yes, you’ve defended them for a year retard. You lied when your hypocrisy was pointed out.

            6. “You simply lie about who the fuck you are.”

              No, you are confused. YOU lie about who I am. All the time.

              1. It is open and apparent buddy. You aren’t fooling anybody.

          2. Oh, and Mother’s Lament, whom did you vote for?”

            Biden apparently. It was already pre-checked on all the ballots that they sent up here.

            1. And THAT is simply because the Wise Lizard People OverLards ALREADY KNOW that Moosefuckers from Inner Islamic Canuckistanistanistanistan are already ALL gonna vote for Biden anyway! It is simply done in the name of EFFICIENCY!

              All Hail the Wise Lizard People OverLards!!!

              1. Where does the poop eating come in?

            2. Heh

      5. Definitely a caw caw comment bird.

  13. It high time for more wages.American give to every body but Americans‼️ Some of that money you send to other countries is needed right here❗️We pay tax to put that money there. We should be more respected then we are. At times like this people’s are seeing America true colors .And it’s not red white and blue‼️????????????????

  14. the Biden administration urged the Supreme Court to side with the police, saying “the ultimate touchstone of the Fourth Amendment is ‘reasonableness,’” and that official warrants should not be “presumptively required when a government official’s action is objectively grounded in a non-investigatory public interest, such as health or safety.”

    Case involves police illegally entering a home and seizing fire arms without a warrant.

    https://www.dailywire.com/news/biden-admin-presses-supreme-court-to-let-police-enter-homes-without-a-warrant-and-seize-firearms-report

    1. Justice Neil Gorsuch slammed the idea that government officials could secure so-called “administrative” warrants as an alternative, asking, “If the government can just get an administrative warrant to come in to test for illness, to check the temperature of the house, whether it’s too hot, too cold … what’s left of the Fourth Amendment?”

      1. Yep.

        But, that’s logic…

      2. God bless and keep Neil Gorsuch, last defender of individual rights.

  15. The Biden administration is not requiring FBI fingerprint background checks of caregivers at its rapidly expanding network of emergency sites to hold thousands of immigrant teenagers, alarming child welfare experts who say the waiver compromises safety.

    Remember the good old days when Obama would just send the kids to sponsors who used them as farm hands? Good memories eh democrats?

    https://cbs12.com/news/nation-world/us-waives-fbi-checks-on-caregivers-at-new-migrant-facilities

  16. At this point, #collapsitarianism / #accelerationism is probably the best option, anyway.

  17. Liberals think a single black “mother” with four illegitimate children deserves a “living wage” from her cashier job.

    1. *”Leftists”

      *a person of any race (other than white of course…).

      Other than that, absolutely. ????

      1. Was that intended to convey a coherent thought?

  18. Still waiting for the U.S. Constitution to be the “Supreme Law” of the USA…

    1. Yep.

      “bUt ItS a LiViNg dOcUmEnT”

      Never mind its original intent…

    1. Yes. The faction of tolerance…

    2. Local story.

    3. Race wasn’t mentioned in that story nor the Virginia Beach story. Obviously white kids.

      1. Yep. Definitely. /sarcasm font/

    4. Certainly, “the blacks” as Trump says, disproportionally commit more violent crimes.

      What was his remedy? I missed that part.

      1. You missed it because there was no kiddie porn involved.

      2. Haha. Tony calls em “the blacks” too.

        He’s such a racist trumpist.

      3. The remedy for the GOP was to let it happen. The GOP used Chicago as a perfect example of progressive leadership. Murders were way up last year. Murders are already up another 30% this year. This will be a tremendous summer of shooting deaths in a place with very restrictive gun laws for the law abiding. BLM and their ignorant supporters wanted the Chicago cops to stop shooting people and they have complied.
        4000 people were shot and 800 were killed last year in Chicago, about 3200 of those shootings were black on black, about 600 involved Hispanics, and about 200 involved a white or an Asian. The cops only killed 13 and shot 7. It is good for the progressives that their voters can’t understand basic statistics.
        Only about 10% of the 800 murders last year will result in an arrest and conviction. If you love murdering people, Chicago is the place for you.
        On a positive note, the criminal locusts have moved on to robbing/raping/killing people in those lily white suburbs. The suburbanites now get to suffer the same violent crime wave that the Chicago voters brought upon themselves. The suburban mooks should ask their parents why they ran to the suburbs in the 70s and 80s. I do believe that they have forgotten.

      4. “Certainly, “the blacks” as Trump says”

        …and Biden, Obama, Bush and Clinton.

        Still better than calling them “n****rs” like Biden did when he first started out in politics.

        1. Michelle Obama was talking trash about the people that engaged in Chicago white flight in the 80s. She said, “those white people are still running”.
          If you have not noticed, she and her husband never returned to Chicago. They moved their family to the whitest place that they could find. They are a big part of the “success story” that is Chicago these days, why did they leave? Almost every leadership position in Chicago is held by a person of color, isn’t that the goal of the Obamas? If white people are the problem, as the Obamas regularly tout, why did the Obamas leave Chicago and surround themselves in rich white people?

    1. Don’t post Progressive fap material or you’ll attract Tonys.

      He’s still busting a nut to all those Daesh video’s of Coptic Christian beheading’s.

      1. Meanwhile NIKE celebrates by making a 666 shoe dedicated to Satan and a contains an actual drop of real human blood in them.
        https://www.thegatewaypundit.com/2021/03/evil-nike-release-shoe-dedicated-satan-pentagon-human-blood-limited-edition-666-pairs/

        Celebrating a religion that was created solely to hate on and troll another religion is apparently okay now for progressive corporations.
        Remember this is from the company that thinks the Betsy Ross Flag is a hate crime.

  19. “Say No to More COVID-19 Relief Spending”

    The reality of our situation still doesn’t seem to be sinking in with some people.

    Reality One: The Democrats passed the $1.9 trillion stimulus by way of a budget reconciliation process in the Senate–without any support from the Republicans.

    Reality Two: The $3 trillion “infrastructure” bill can be passed by way of the same budget reconciliation process–without any support from Republicans.

    Conclusion: Who is there that can oppose more Covid-19 relief spending, and how can they oppose it–when the ability to oppose it doesn’t exist?

    These articles are a bit like arguing that the Republicans should sprout wings and fly about the Capitol atrium like hummingbirds and butterflies.

    Biden and the Democrats are openly threatening to do away with the filibuster if the Republicans use it to get in the way of gun control, the Green New Deal, etc. What makes you think anyone who opposes Biden and the Democrats spending more on Covid-19 relief can do anything to stop them?

    That ship sailed on January 5th, the day of the runoff elections in Georgia. That ship sailed back when President Trump wasn’t reelected.

    Some people keep insisting that the parrot should spring up and save us from what the Democrats are doing. It is not resting. The parrot is not stunned. It’s stone dead. It is an ex-parrot. Please do not publish another article as if there were someone somewhere in our government who both opposes further spending on Covid-19 and has the ability to do anything to stop it. No such person exists!

    In November of 2022, there will be a midterm election, and IF IF IF the Democrats fail in their efforts to override state election rules and ensure themselves victory, the Republicans may be in a position to stop spending on something like Covid-19 come 2023. Until then, you’re yelling at an armless shortstop for not throwing the runner out at home. You’re yelling at a legless defensive back for not keeping up with the other team’s wide receiver. There is no engine in the race car, so you cannot beat them to the finish line.

    Is any of this sinking in?

    1. The reality is that there are too many people who think government can just print an unlimited number of 100-dollar bills and then none of us would have to work for a living. No thought at all that if nobody’s working for a living, who’s going to be producing all the shit we’re planning on buying?

      1. Without the means to oppose legislation, even if it did still matter what people think, crying for someone to stop legislation when there’s no means to do so is absurd.

      2. Oh, and if the Republicans don’t take control of the House and/or the Senate in 2022, the condition of there being nothing to stop the Democrats from doing whatever they want will persist. And anyone who opposes supporting the Republicans under those circumstances–and in the name of libertarianism–is delusional, an idiot, or a liar.

      3. Who says you will be allowed to buy anything?

    2. Well said. ’22 midterms are all that can stop this train.

      1. The Handout Welfare Train started rolling with Donnie-Boy and Mitch signing off on $4 trillion in goodies.

        Democrats suck too – no question.

        But there is no fiscal responsibility anymore.

        1. Trump and the Republicans signed onto $2 trillion in April of 2020.

          Trump and the Republicans also refused to sign off any further stimulus up through the last days before the election in November of 2020.

          Biden’s $1.9 trillion stimulus passed without any Republican support in the Senate.

          If the Democrats pass Biden’s $3 trillion infrastructure bill, it will also be without any Republican support in the Senate.

          If Trump had won reelection or if the Republicans had maintained control of the Senate, neither the $1.9 trillion stimulus bill nor the $3 trillion infrastructure bill would have passed, and if you don’t like those bills, there is only Joe Biden and the Democrats to blame.

          1. 3 trillion dollars worth of “shovel ready” jobs for their union friends. The military bases, here and overseas will be getting most of that infrastructure. Too bad civilians can’t access those military bases to see how that money is spent.

            1. A lot of it is Green New Deal stuff, too.

    3. “…… congress has spent $4.5 trillion in covid relief, 3.42 trillion of which was not covered by existing revenue.”

      Wait. Soooo…… we were running a $1.08T surplus before covid spending? Who knew?

      Haha. Government accounting parroted in an article criticizing spending.

    4. Pretty sure the parrot is pining for the fjords.

  20. Many of the answers to the question posed in the title, “Can I regrow my hair using the Lisa rinna hair Growth Formula? “, are not actually what is used in this hair loss product. The ingredients listed on the bottle and information provided by the company itself are misleading. Many ingredients can be harmful to your health. It is especially important to be wary of prescription drugs. None of these ingredients are contained in Lisa Rinna Hair Growth Formula.

    1. I used that stuff to grow out my crotch patch. When I take my pants off, my wife says that my doofinkle looks like, “a button on a fur coat”.

  21. Birx: Government bungling of COVID response cost over 400,000 American lives.

    https://www.cnn.com/2021/03/27/politics/covid-war-deaths-preventable/index.html

    One area that is drawing new scrutiny is how long it took for former President Donald Trump and his Covid-19 advisers to declare a pause to slow the spread in March 2020 after the initial surge in coronavirus cases began — and how many lives could have been saved if all Americans had really adhered to the restrictions on gatherings and social distancing. In the new documentary, Birx gives Gupta her gut-wrenching answer when asked how much of an impact it would have made if the US had paused earlier and followed through with the safety measures that were proven to slow the spread.
    “I look at it this way. The first time we have an excuse,” Birx says. “There were about a hundred thousand deaths that came from that original surge. All of the rest of them, in my mind, could have been mitigated or decreased substantially.”

    Trump fucked up the pandemic response, the economy, relations with NATO, and tried to overturn an election.

    Not a legacy to be proud of, Peanuts.

    1. Anybody who is seriously claiming this should be brought up on charges. We have AN ENTIRE YEAR worth of data, and NONE of it suggests that locking down sooner would have made the slightest bit of difference at all. In fact, all the places with the most deaths had lockdowns.

      1. Plus, it was racist to stop travel from China.

      2. From Day One Trump was concerned only how COVID would effect his reelection campaign. It proved to be his undoing in November.

        1. You mean when you called him xenophobic in January for shutting down travel to infected countries?

        2. Of course he would be concerned you jackass. Meanwhile the democrats and their bootlickers in the media and here (like you) hammered it as an issue during the election. So democrats are OK to use to push for more far left wing government, and Trump is wrong to do the opposite.

          You really are fucking retarded scumbag.

        3. Yes, I remember when the Democrats called him racist for shutting down flights from China, and were instead telling their people to get out and mingle on the town.

          The impeachment theater fizzled out, and the Ds pivoted to COVID IS THE WORST THING EVER AND IT’S TRUMPS FAULT, while ALSO actively killing their own people — AND BEING PRAISED FOR THEIR RESPONSE.

      3. “AN ENTIRE YEAR worth of data, and NONE of it suggests that locking down sooner would have made the slightest bit of difference at all. In fact, all the places with the most deaths had lockdowns.”

        And, to be fair, we should compare the unemployment rates in states that locked down early and hard and compare those to states where the lockdowns were light and short.

        https://www.bls.gov/web/laus/laumstrk.htm

        California’s 8.5% and New York’s 8.9% rank 48th and 50th out of 50 states plus the District of Columbia. They ranked as bad or worse as states where the local economy is almost completely dependent on tourism, like Hawaii and Nevada.

        South Dakota’s 2.9% and Utah’s 3.0% rank 1st and 2nd respectively.

        1. So states with large cities like NY City, San Fran, and LA have the same job characteristics as rural farming jobs?

          I know you’re Mr Team Red, Ken, but no one is falling for your bullshit claims.

          1. Yet youre blaming trump for not having a one size fits all plan and deferring to the states..
            God you are fucking dumb.

          2. New York has an urbanized population rate of 87.9%

            Utah has an urbanized population rate of 90.6%.

            https://www.newgeography.com/content/005187-america-s-most-urban-states

            The unemployment rates is 8.9% in New York.

            The unemployment rate is 3.0% in Utah.

            And if you imagine that any of any of those rates change depending on how I feel about Republicans, then you’re acting like an irrational idiot.

            1. P.S. Denying that unemployment rates were impacted by states and local government making it against the law to open businesses is willful stupidity. The further Shrike goes down that road, the dumber he’ll need to get. Consider this fair warning.

            2. People like dildo know nothing about the world outside of where they live and what they’re told by other ignorant bigots, so he assumes everybody in Utah lives on a farm.

              1. His critical thinking skills are lacking. If he knew how to think, he might be dangerous, but, on the other hand, if he knew how to think, he wouldn’t believe the stupid shit he says–and he wouldn’t say it out loud. You don’t accidentally wander down the road towards arguing that locking down businesses isn’t bad for the unemployment rate because you’re smart. That’s for sure.

                Everybody makes mistakes, but c’mon. Shutting down all the service industries isn’t the reason the unemployment rate in New York is so much higher than Utah’s–it’s because New York is more urban?! He shouldn’t need to see urbanization stats by state or Utah’s urbanization number to realize that line of reasoning leads nowhere. That is pretty typical of progressives, though–to pretend things are true that make no sense, like that locking down businesses doesn’t lead to higher unemployment than there would be otherwise.

                When it becomes necessary to defend some trade off, they typically pretend there are no downsides to whatever they want to do–and call you a redneck for believing so. It comes across as dishonest to knowledgeable and reasonable people. The temptation is to assume this explains why progressives are America’s most horrible people, but I’m still partial to the ignorance and stupidity hypothesis. I think they’re just not smart enough to understand the consequences of the policies they’re advocating–not even after the fact!

                If Shrike thinks locking down the economy, like the state of New York did, doesn’t create more unemployment than Salt Lake City locking the economy down for a very short period of time, doesn’t that help to all the other absurd things he believes, too? The explanation that he can’t put two and two together is the more comprehensive explanation. He may be trying to read everything as pro-Democrat, too, but half the time, he wouldn’t make the arguments he does if he really understood what he was reading.

        2. Turns out that forcefully slamming your economy closed will, in fact, close your economy!

          1. Who knew?!

          2. It’s never been done before, so qualified immunity!

      4. The data says locking down didnt do anything except for crush the economy, something the kid touched ignores.

        1. And the fact that Newsom flat out said the lock down was t hurt the economy. He bet that he locks down, and the media would blame trump.

    2. “relations with NATO”?
      When Hilly lied about taking sniper fire in Bosnia, she did not just throw the Secret Service under the bus. There were thousands of soldiers from 13 nations at that party. They were stationed in concentric rings around the airfield. Everyone in the world knew that she was lying. She made it look so easy, as if she had plenty of experience.
      If you think that anyone in NATO wants a relationship with that lunatic, you are clueless. She is hated worldwide.

  22. If only someone imagined that politicians that refer to themselves as “Socialists” are really socialists.

    Fuck the Reason staff

    1. Among whom, the majority voted for Jo Jorgensen.

      1. Or like you, they lied that they did.

        1. Who did you vote for again? Oh, that’s right, you are a Canadian who comes here every day to tell us how you think Americans should think.

          1. I told you already, I voted for your boy Biden. All the Canadian ballots were already helpfully filled in for us, we just mailed them back.

            Where else did you think those millions of new votes came from?

      2. Jorgensen got far less votes than Johnson, therefore independents who voted libertarian switched to democrat.

        Don’t be stupid shithead.

        1. Maybe in a comment where you call someone else stupid you could demonstrate that you know it is “fewer votes”, not “less votes”.

          1. But you were ignorant to the fact.

      3. Yes TWK

        About half the comments are disgruntled republicans and some democrats. More actually.

      4. Yeah Jo could have saved us and she almost made it but alas. Turns out 2% ain’t enough to even win a seat on the county board. But Reason is absolved. They ducked for cover and tacitly supported a libertarian nightmare by voting for a Libertarian.

        1. Umm, Reason is a libertarian magazine/organization.

          1. Was a libertarian magazine.
            Now, just like you, it’s about as libertarian as Pol Pot or Chou Bai-den.

  23. Say no to who exactly? You all pimped Biden hard because you hated Trump, now you’re complaining about what you got.

    Eat it.

    1. Yep

  24. It’s actually kinda funny though, this is what has forced companies to raise wages (Walmart has gone from $11 to 13 and up), because instead of essentially colluding with each other to no raise wages, they now have to compete with the government paying people not to work.

    1. Yes, $80 a week extra beats $600 a week extra.

  25. Both the pandemic minimizing clowns and the pandemic stimulating / relieving crowds are desperate and dirty protectors of incumbency bot political and economic. No starker example exists or was possible than Trump’s last ditch whining for $2,000 “stimmies” with his name on them in time for the election, but his NYC Sewer Rat attempt at returning big city machine politics bribes for votes to modern and extending it to national elections was at least so transparent as to mostly fail. So, so much of this garbage has “succeeded” and has protected brittle political and economic incumbents to an extent that will stagnate both our politics and economy for generations and guaranty similar errors are repeated for the inevitable next pandemic or variant continuation of this one.

    Incumbents that should have been flushed to decay out of sight and smell in the septic tank instead clogged the toilet – they caused the great Covid toilet paper shortage.

    1. Yes, Trump’s transparent attempt to send out $2,000 checks lost to Biden’s transparent attempt to send out $2,000 checks, which somehow turned into $1,400 checks after he won.

      Clearly voters have spoken.

  26. The goal was to wreck the economy to make people dependent on government so they could push their socialist schemes (medicare for all, gun control, etc). I blame mostly social security and medicare. Because old people had no skin in the game and they just said, “Gimme my check and y’all can go f- yourselves.” Whereas without these programs, they’d be dependent on their families and demand we get back to work and school quickly so that we could continue to afford to care for them. These programs must be abolished.

    But another big problem is that we are in late stage capitalism and there simply aren’t any lucrative opportunities left (unless you already have a billion dollars and well connected friends or are hawking a new flavor of dog food on Shark Tank). As a result people used covid as a pretext to push nefarious schemes for profit and power. For example, there are millions more obese people as a result of binging at home and gym closures. They will be a boon to the medical industry for decades. This was the cynical agenda of the people who said, “Just set up a gym in your garage, dumbass.”

    1. ..and there simply aren’t any lucrative opportunities left ..
      Loser talk. No wonder you can’t make a living for yourself.

      1. 50 years ago there were tons of opportunities in science, technology, medicine, entertainment, etc. These days opportunities are few and far between. You know that, but you just want to sow division as a pretext for war – another field where there were once tons of great opportunities. But today unless you are building autonomous robot fighters, you’re out of luck. You’re basically the mirror image of the socialists.

        Anyway, the point is that now the rich must use the profits from their endeavors to fund paradise.

        1. They said the same loser talk 50 years ago, and 150 years ago.

          1. Jobs for entire industries (e.g. trucking, waitressing, cashiers) are being automated out of existence. And there is nothing to replace them with. This is obvious even to capitalists, and it’s wishful thinking to believe otherwise.

            That’s a good thing – if we let the robots take over in an orderly way. But we have to admit the problem if we are going to solve it – not just insult people into silence and hope the threat passes.

            1. So the robotic industry presents no opportunities? Do they just appear out of thin air?
              Loser.

              1. Yes of course, if you are a robotics expert, it’s great for about 10 years. But what about the other 300 million workers?

                I am genuinely curious if you are serious or cynical.

                1. Don’t Look At Me!’s point is solid, but they are presenting it in a poor fashion. Take a look at the Luddite movement in the late 18th century who protested the automation of the textile industry. Somehow you seem convinced that there were still opportunities out there 50 years ago despite the fact that automation has been “stealing jobs” since before America was a country.

                  People will find a way to be useful. They will invent new things that require a human touch. It may be a cold comfort for people whose jobs are displaced but no one shed any tears about the saddle makers going the way of the dinosaur, why is it different now?

    2. Late stage? When was the early stage?

    3. Yeah as usual you are full of shit.

      1. Since when are libertarians shills for social security and medicare?

  27. it found that the economy grew by 66 cents for each dollar spent. This dismal performance should not surprise anyone, as it is impossible to stimulate demand when so much of the economy is closed and people are social distancing.

    This is an excellent pragmatic way of measuring the impact of additional debt. Much better than either the ideological assertions or the electoral vote-buying stuff (which ALL DeRp’s fall for). And St Louis Fed has been measuring the marginal utility of debt since about WW2. Generally it’s been falling which indicates that new debt is increasingly counterproductive.

    That said – this particular way of measuring it is all wrong. Marginal growth of GDP is an annual measure – income statement stuff. Marginal debt is balance sheet stuff. The way to compare the two is to compare carry costs of that debt with the growth and years of expected growth with the debt rollover (the Minsky stuff that can lead to a financial crisis in future).

    I suspect we – private and government – have been incurring new debt for the sole purpose of consumption (rather than investment) for a couple decades now. Not that any of it matters. Easier to keep eating the seed corn and screwing the grandkids.

    1. Yes, but you see that $0.66 of growth for the $1.00 of spending isn’t borne by the same entities. The politicians by way of the donor class gets the $0.66 and the taxpayers get the $1.00 of debt. The politicians will be dead before that dollar has to be paid so what do they care? Also, the taxpayers are clamoring for it and if they don’t get the politician will be out of a job. Who are they to say no?

  28. Since there’s no chance of the world turning to libertarianism I say they should spend way more and more quickly. Let’s see how fast we can crash this bitch.

  29. We are past the point where peace is a legitimate option.

  30. More money and less stuff to buy with it. A lot of economists would say prices should go up.

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