da_667I want a 1.5trillion defense budget
Fucking how? We as a country are already financially insolvent. How are you planning to pull 1.5trillion out of your ass?
I love this, so I@da_667 that’s the thing about countries that businesses and individuals can’t (legally) do: create money out of thin air by instructing their treasury to issue more currency.
You can easily reach a $1.5T Defence budget if you run a 10x inflation target for 12 months!
tatiana 
@da_667 @jpm wheelbarrows, my friends, wheelbarrows
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
Biggles 20X6!@jpm @tati @da_667 this only happens if you don't take an equivalent amount OUT of the economy, or you're not buying new goods/services.
So they can print 1.5T in new money, if they stripped Elon and friends of the same, and it would have no impact on the price of bread.
Likewise if that 1.5T went to the unemployed for novel work that needs to be done or new build production, then it won't create inflation...
Of course all of this is lost on the orange toddler in a man suit, so I guess we watch the world economy collapse because devaluing the US dollar while it's the reserve currency is gonna be the worst thing he could do since attacking Iran.
neoluddite@Taco_lad @jpm @tati @da_667 You don't necessarily have to, you just have to give it to sectors of the economy that can absorb it.
But if you gave the ACCC some teeth to rein in corporate price gouging, bit of mining royalties, bit of raise the rate on the top tax bracket, a bit of luxury <everything> tax and a bit of inheritance tax, you could get away with quite a bit I think.
الجبر خوارزمی@neoluddite @Taco_lad @jpm @tati @da_667
the USA is in the privileged position that everyone in the world wants to hold dollars
combine that w/ how there's about $340T of wealthy people's savings looking for a return, and you see how the USA can literally borrow as much as it wants: its deficit is 10% of the world's available money pool
rich people are so desperate they put money into `private debt`: it's payday loans for companies managed so poorly they can't get regular bank loans anymore
@neoluddite @Taco_lad @jpm @tati @da_667
us treasury couldn't issue bonds fast enough, that's why so much money was stuffed into Japan during the zero interest-rates years; just keep in mind that the whole deficit of the USA, including interest obligations to service its existing debt, are <10% of the world's available wealth looking for a return
the problem is how the USA is 1 election cycle from being mismanaged into insanity: it's not an insolvency issue
Kluthulhu' XOR 1=1--@da_667 Have you seen the size of that ass?