Ocasio-Cortez and the “socialist” left

[Old Man Jingles]

capitalist profits are also derived from government spending

capitalism also leads to misery and destitution. see opiod crisis, suicides amongst middle aged whites, and nearly half of america is near poverty

Paul Sliker //‏ @psliker 12h12 hours ago



What Doug seems to fail to understand is that all government spending is money creation. MMT gives us empirical realities about the way our monetary system *already works* but this guy is more interested in strawmanning a leading progressive economist than doing basic research.



Doug Henwood @DougHenwood
i’m confused. You’d rather print money than tax rich people, is that it?

https://twitter.com/i/web/status/1023306441413804033

…
3 replies 9 retweets 30 likes

Scott Fullwiler‏ @stf18 Jun 8


17/n In sum, always remember that govt ability to LEGAL authority and FINANCIAL ability to pay benefits are NOT CONSTRAINTS, they are CHOICES, just like govt chooses to pay for wars, cut corporate taxes, etc., all the time. It can ALWAYS choose to authorize and pay SS/Medicare

18/n The only actual hard constraint on future entitlements is PRODUCTIVE CAPACITY to pay these benefits and maintain standards of living for others at same time.

19/n Thus it is NOT useful for informed policy debates to have CBO & SS/Medicare trustees to forecast "solvency" of trust funds in the manner they do now.


20/20 However, it WOULD BE useful for them to say "our analysis shows govt has CHOSEN not to legally fund these programs in full after 20XX; if it CHOOSES to do so w/o taxes/spending cuts, given assumptions in our econ model we forecast inflation to be X%." DONE!

What the hell are you doing?
Talking to yourself?

 

[rickyb]

What the hell are you doing?
Talking to yourself?

posting

 

[vantexan]

capitalist profits are also derived from government spending

capitalism also leads to misery and destitution. see opiod crisis, suicides amongst middle aged whites, and nearly half of america is near poverty

Half of America isn't near poverty. I'm kind of curious as to what the suicide rate was in the Soviet Union. They had so much to live for after all. Of course they had vodka.

 

[rickyb]

Half of America isn't near poverty. I'm kind of curious as to what the suicide rate was in the Soviet Union. They had so much to live for after all. Of course they had vodka.

speaking of russian suicides, US life expectancy is going down just like it did in russia during the 90s

 

[DriveInDriveOut]

Half of America isn't near poverty.

Sure they are.
Just need to widen your definition of near.

 

[vantexan]

Sure they are.
Just need to widen your definition of near.

So around 328 million population and you think close to 164 million are impoverished or close to it? Being poor isn't being impoverished. Median household income is around $57k. What's poverty income for a household? Low $20k's?

 

[DriveInDriveOut]

So around 328 million population and you think close to 164 million are impoverished or close to it? Being poor isn't being impoverished. Median household income is around $57k. What's poverty income for a household? Low $20k's?

Ttku

 

[BrownFlush]

Sure they are.
Just need to widen your definition of near.

Probably wide enough to include a Teamster pension.

 

[DriveInDriveOut]

Probably wide enough to include a Teamster pension.

 

[Old Man Jingles]

Half of America isn't near poverty. I'm kind of curious as to what the suicide rate was in the Soviet Union. They had so much to live for after all.
Of course they had vodka.

Drugs do help!

 

[Old Man Jingles]

Half of America isn't near poverty.

And if they are near and in poverty, they have Air Conditioning, SmartPhone, TV, etc.

 

[BrownFlush]

View attachment 204743

2018 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $4,320 for each additional person.
1 $12,140
2 $16,460
3 $20,780
4 $25,100
5 $29,420
6 $33,740
7 $38,060
8 $42,380
2018 POVERTY GUIDELINES FOR ALASKA
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $5,400 for each additional person.
1 $15,180
2 $20,580
3 $25,980
4 $31,380
5 $36,780
6 $42,180
7 $47,580
8 $52,980
2018 POVERTY GUIDELINES FOR HAWAII
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $4,970 for each additional person.
1 $13,960
2 $18,930
3 $23,900
4 $28,870
5 $33,840
6 $38,810
7 $43,780
8 $48,750

At $36,000 a year with insurance taken out of that... livin' like a king.

 

[DriveInDriveOut]

2018 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $4,320 for each additional person.
1 $12,140
2 $16,460
3 $20,780
4 $25,100
5 $29,420
6 $33,740
7 $38,060
8 $42,380
2018 POVERTY GUIDELINES FOR ALASKA
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $5,400 for each additional person.
1 $15,180
2 $20,580
3 $25,980
4 $31,380
5 $36,780
6 $42,180
7 $47,580
8 $52,980
2018 POVERTY GUIDELINES FOR HAWAII
PERSONS IN FAMILY/HOUSEHOLD POVERTY GUIDELINE
For families/households with more than 8 persons, add $4,970 for each additional person.
1 $13,960
2 $18,930
3 $23,900
4 $28,870
5 $33,840
6 $38,810
7 $43,780
8 $48,750

At $36,000 a year with insurance taken out of that... livin' like a king.

wut

 

[Jkloc420]

wut

give me some of your money socialist

 

[BrownFlush]

wut

Just postin' actual facts. Hard to deal with I know.

 

[DriveInDriveOut]

Just postin' actual facts. Hard to deal with I know.

Ya random numbers are fun.
Cool story bro.

 

[DriveInDriveOut]

give me some of your money socialist

BLT easy on the Mayo make it snappy.

 

[vantexan]

Ya random numbers are fun.
Cool story bro.

ttku

 

[Jkloc420]

BLT easy on the Mayo make it snappy.

no mayo because being a socialist means nothing special

 

[BrownFlush]

Ya random numbers are fun.
Cool story bro.

Yeah, not your definition, not Van's definition, just random government numbers of what qualifies one to be in poverty.