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Nathan Becker
AWS Architect & Economics❤️ ❤️ Economic policy encourages credit use and discourages the repayment of debt. That's how we in the private sector got so indebted.
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Nathan Becker 56m
Unlike those defaulting nations, the US government’s debt is denominated in the US dollars, not some other foreign currency or commodity. That’s the difference and that’s not a small difference. It’s a
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Nathan Becker retweeted
Steve Roth Feb 22
Replying to @asymptosis
If someone — say, a credentialed economist — tells you the sky is falling, and they don't know this straightforward arithmetic, you can ignore them. /5
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Nathan Becker 1h
How does it matter to the US government as to who the recipient of the interest payments are, when the burden of paying interest is itself so low to begin with? Even otherwise? How does private sector interest payments to ROW matter to the US government’s ability to fund itself?
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ahmed ali akbar 3h
White kids walking into your immigrant parents’ home with shoes on like:
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Thomas Kaine Mar 16
Who do like best of these four candidates currently leading in some polls? And why? No negative comments please.
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Aaron Rupar 3h
Trump capitalizes on poorly framed question from outlier poll to claim half of America agrees with him about Mueller being on “witch hunt”
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latearrival0924 3h
Replying to @BBKogan @netbacker
Trump’s plan always was to have taxpayers fund 85 percent of infrastructure projects, and then privatize the public works to allow the corporations putting up the remaining 15 percent to privatize profits by charging tolls and other use fees.
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Nathan Becker 3h
Debt/GDP is not the ratio we should be monitoring(for sovereign governments that issue debt in their own currencies) but the interest “bite” or the interest burden - the ratio of Interest outlays over total debt. The US has record high debt and yet record low burden on that debt.
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Rob Steinernomics 12h
Replying to @DeanBaker13
Well it really hasn’t...in the way you would think...
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Bobby Kogan Mar 11
Replying to @BBKogan
Because the admin has withheld information, we can't yet calculate percent cuts, but as you can see, those SNAP cuts are large and immediate. We're talking on the order of a 1/4 cut to SNAP. How disgusting. I don't care who you are or what you've done. No one should go hungry.
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Bobby Kogan Mar 11
Here's my Trump FY2020 budget thread, which I'll be updating throughout the day. To start us off, the Trump budget calls for $220 billion in cuts to SNAP. SNAP gives on avg just $1.40/meal. It lifts 8 million out of poverty. And Trump would eviscerate it.
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Bobby Kogan 8h
Replying to @BBKogan
There's a lot to sift through. Here's my thread from earlier:
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Bobby Kogan 7h
Replying to @smithmachine
Our policy director spotted something that confirms the administration withheld this information. The table that we got today was dated 11 days ago. But when we put out a request a week ago, they refused to give it to us. How inappropriate.
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Bobby Kogan 7h
Replying to @BBKogan
Trump would cut NASA by 22 percent - over $30 billion. With this, the EPA cuts, the NSF cuts, the CDC cuts, the NOAA cuts, the USGS cuts, etc., his budget would destroy long-term investments.
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Bobby Kogan 7h
Replying to @BBKogan
The Trump budget would cut the CDC in third!!!! You want a public health crisis? This is how you get a public health crisis!
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Bobby Kogan 7h
Replying to @BBKogan
Trump would cut the EPA by nearly FORTY-FIVE percent! It's pretty safe to say he doesn't care about the planet.
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Bobby Kogan 7h
Replying to @BBKogan
Trump would cut Head Start by 17 percent. So much for caring about children.
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Bobby Kogan 8h
Replying to @BBKogan
Section 8 helps over 3 million households afford rent. It is already drastically underfunded - roughly only 1/4 of eligible people are on it. Trump would cut it by 13 percent, kicking struggling families out into the streets.
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Bobby Kogan 8h
Replying to @BBKogan
Trump's budget calls for $3.5 billion in cuts to WIC, which provides food assistance to infants, toddlers, and pregnant moms. WIC serves over 6 million people and is incredibly effective.
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Bobby Kogan 8h
Replying to @BBKogan
Here's just the 10-year totals. As is so often the case, Trump offers with his left hand and then takes it and more away with his right. Do not trust him or his administration. Do not report at face value what he says about his budget. They always mislead and lie.
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