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Was it a credited Law school? Sounds like it wasn't.
It was (is) a fully accredited law school. Passed the bar exam on the first try, too.
You?
Was it a credited Law school? Sounds like it wasn't.
I never passed the Bar Exam.It was (is) a fully accredited law school. Passed the bar exam on the first try, too.
You?
I never passed the Bar Exam.
But I fully understand the meaning of the Welfare Clause in the U.S. Constitution, whereas you do not.
Ironic, don't you think?
Ad Hominem fallacy.Did you even go to law school? Have you ever even cracked a textbook on Constitutional Law? Or are you just picking up your misconceptions from Libertarian websites?
I challenged you to produce something regarding deficit spending in the constitution.Look, Chief, there is a time to back away from losing arguments, and maybe even learn something new in the process. You are a few pages past that point, at least.
Ad Hominem fallacy.
Ad hominem refers to several types of arguments, some but not all of which are fallacious. Typically this term refers to a rhetorical strategy where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than attacking the substance of the argument itself.
I very surprised that someone with a (claimed) college degree would stoop to this, but you did, so thanks.![]()
I challenged you to produce something regarding deficit spending in the constitution.
Naturally you failed, because there is none. The reason there is no mention of deficit spending in the Constitution is because the Founding Fathers had never intended for government to engage in deficit spending. They never intended for government to borrow money and redistribute to the citizens.
And that's the one of the fundamental core principles of MMT - borrowing of money because government cannot possibly default on any loans because they always have the power to print and borrow even more. MMT is a reckless and irresponsible ideology, IMO.
You lost the argument, bud.
"The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority
of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits
from the use of other people's money" - Charles A. Lindbergh Sr., 1923
Wrong again. You questioned where I got my information, and alluded to the fact that I am libertarian. You questioned my law degree. Those were directed at ME - - NOT my position that MMT is fundamentally flawed, and deficit spending is NOT a proper function of government.You didn't even get ad hominem fallacy correct. I didn't attack your character, I attacked your interpretation of the Constitution. And pointing out that your interpretation isn't taken seriously in any law school I've ever heard of is completely relevant to that.
On the other hand, you insinuating that I lied about my law degree is an ad hominem attack.
Your OP is vapid and silly. I'm humoring you. Carry on.
Wrong again. You questioned where I got my information, and alluded to the fact that I am libertarian. You questioned my law degree. Those were directed at ME - - NOT my position that MMT is fundamentally flawed, and deficit spending is NOT a proper function of government.
That's what ad hominem means. I even provided the definition of ad hominem:
"a rhetorical strategy where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than attacking the substance of the argument itself."
You've really painted yourself in a corner, bud.
Wow.It's completely legitimate to question your sources. There are good sources of information, and there are bad sources of information. The fact that you are spouting bad information leads anyone to question your sources.
You espouse Libertarian views. You call yourself a Libertarian in your profile.
Forget about libertarians. Its not germane to the topic.And Libertarians, by all accounts, are outside the mainstream of both political and economic thought. You guys also have a penchant for interpreting the Constitution in ways that are unsupported by the legal community.
I never claimed that I went to law school, genius. I said that I never passed the Bar Exam.And I questioned your law degree because it's obvious that you never attended law school. Nobody that had would ever make the arguments you make.
So when you hold yourself out as an authority on Constitutional Law, that matters.
You have no valid argument, only disparaging comments about libertarians.. . . Nope. I attacked the substance of your argument, and you took it personally. That's on you. Pointing out that Libertarians often make poor arguments that fall far outside of mainstream thought was just there to poop on your sources of information. (If there are any.)
You were doing ok up to this point.1. Reduce Borrowing/Spending would be nice, but it'll never happen. What would also be good is no NEW borrowing/spending, but that won't happen either. Congress needs to keep spending to pay off their donors and lobbyists, no matter how much it ****s over American citizens. And to keep that spending going, they MUST borrow.
2. Since the borrowing/spending won't stop, lowering income taxes would just compound the problem because it would force more borrowing.
Then you went off the rails into batshit crazy and laughably incorrect.But neither of these will reduce inflation because the current inflation isn't consumer driven. It's producer driven. It's simply costing producers at all levels more and more to provide products to the consumers. They MUST raise their prices.
So...what is causing the increase in costs to the producers? Increased cost of energy. And what is responsible for the increased cost of energy? The Biden pukes and their war on the energy industry.
The solution? One of two things must happen:
1. The Biden pukes must reverse everything they've done to attack the energy industry.
2. The voters must remove the Biden pukes from DC.
I only see #2 as possibly happening. If it doesn't, we will see ever-increasing inflation until it does.
I correctly outlined MMT. There is more to it, of course, but basically MMT is as I described.
"In essence, governments like the US, Japan, the UK, and Canada that use fiat currencies are not constrained by their tax revenues when it comes to government spending and can perpetually run a budget deficit. This is due to the fact that the central banks in these counties have a Monopoly on the supply of money," Ryan Cullen, CEO/ Cullen Investment Group.
(I capitalized the word Monopoly in a nod to the board game. I thought you might find this amusing)
Wow.Wrong AGAIN. I never called myself a libertarian. My profile says that I lean libertarian. I could be a flaming Marxist for all you know.
The point is, your attacks are at ME - - NOT my position.
Forget about libertarians. Its not germane to the topic.
I never claimed that I went to law school, genius. I said that I never passed the Bar Exam.
BS. I never claimed to be an authority on Constitutional Law. I claimed that I understand the meaning of the phrase "General welfare" whereas you do not. And clearly you don't. It doesn't matter how many years you spent studying Constitutional Law - you still misinterpret the meaning of the phrase General Welfare with regards to article 1 section 8.
You have no valid argument, only disparaging comments about libertarians.
"I have reserved for you a copy of the Report of the Secretary of the Treasury on Manufactures for which I hoped to have found before this a private conveyance, it being rather bulky for the mail. Having not yet succeeded in hitting on an opportunity, I send you a part of it in a newspaper which broaches a new constitutional doctrine of vast consequence and demanding the serious attention of the public, I consider it myself as subverting the fundamental and characteristic principle of the Government, as contrary to the true & fair, as well as the received construction, and as bidding defiance to the sense in which the Constitution is known to have been proposed, advocated and adopted. If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the Government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions. It is to be remarked that the phrase out of which this doctrine is elaborated, is copied from the old articles of Confederation, where it was always understood as nothing more than a general caption to the specified powers, and it is a fact that it was preferred in the new instrument for that very reason as less liable than any other to misconstruction.” - James Madison
It is plain to me that Madison is concerned that Article 1 Section 8 implies that government can do whatever the hell it wants. But Madison makes it CRYSTAL CLEAR that this not the case.
Wow two worthless post, can you make a third. Of course you can.IKR? They should just ask you.
Aside from the fact that I wasn't talking to you, consider focusing on your dumb. failed uninteresting threads. That should keep you busy.Wow two worthless post, can you make a third. Of course you can.
Looks like I hurt your feewings. Sorry.Aside from the fact that I wasn't talking to you, consider focusing on your dumb. failed uninteresting threads. That should keep you busy.
sureLooks like I hurt your feewings. Sorry.
Fine.1) Reduce Borrowing/Spending, and
2) (substantially) Lower Income Taxes
Aseveryonemost people know, 3% Wage increases cannot possibly keep up with 8.6% inflation. American's discretionary income is hemorrhaging.
Inflation is costing the average American thousands of dollars/year. The estimates vary somewhat, but the consensus is the number is between $3500 and $5000/yr.
Congress needs to pass serious spending limit bills, and pass Income Tax cuts to offset American's (net) income losses due to inflation.
That depends on how we define government's role.
Government's job is NOT "to give money to people on the lower end".
This redistribution of wealth is a fairly common misconception about the proper function of government, and this is why we are in the (spending deficit) mess we are in today.
It really doesn't. Government's role is already well defined.That depends on how we define government's role.
If government's role is just to provide for our national security and enforce laws, then no, it's not the government's job.
However, if we define government's role to ensure the prosperity and to help ensure the best outcomes for all citizens, then it does become the government's job.
The constitution is not the end all be all.It really doesn't. Government's role is already well defined.
The U.S. Constitution is quite clear on the scope, roles and functions of government.
Socialist Democrats often argue that the General Welfare clause (Article 1, Section 8) gives government the green light to redistribute wealth.
IT DOES NOT.
The general Welfare clause states that any service(s) to residents of the states must benefit ALL residents of the states, not separate interest groups. So this means that if government is going to redistribute wealth to poor poeple, it must also redistribute wealth to the middle class and the wealthy. Which of course would be absurd.
This is why the government is overstepping its role with borrowing and spending and redistributing. It is overreach and misuse of government power and it needs to be reined in.
Yes it is.The constitution is not the end all be all.
Legally speaking, it IS sacredIt's not sacred.
Yes, the Constitution can be changed, and it can be abolished entirely.We can literally change the constitution, or simply get rid of it and start over.
The constitution was not handed down by God as literal rules we have to follow and ideologies to believe in for all time.
Sorry, but I'm not going to buy into the whole civic religion of worshipping the sacred toilet paper. I'm not really a dogma type of person.Yes it is.
Legally speaking, it IS sacred
Yes, the Constitution can be changed, and it can be abolished entirely.
But as it sits right now, it is the Law, and Court rulings should reflect that.
Reducing borrowing and spending would make things harder on people coping with inflation, by taking away government benefits, and thereby forcing people onto the private sector for similar services, at a time when such services are rising rapidly in cost.1) Reduce Borrowing/Spending, and
2) (substantially) Lower Income Taxes
Aseveryonemost people know, 3% Wage increases cannot possibly keep up with 8.6% inflation. American's discretionary income is hemorrhaging.
Inflation is costing the average American thousands of dollars/year. The estimates vary somewhat, but the consensus is the number is between $3500 and $5000/yr.
Congress needs to pass serious spending limit bills, and pass Income Tax cuts to offset American's (net) income losses due to inflation.
Only because reduced revenue doesn't keep federal government from spending whatever it wants to spend.Failed economics?
Lowering taxes would add to inflation.