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Bruce Bartlett
@BruceBartlett
, 3 tweets, 1 min read Read on Twitter
It's funny how the media always demands extreme detail on exactly how Democrats will pay for their proposals, Republicans get a pass. washingtonpost.com/politics/warre…
Also, only Democrats are required to reach out to the other side. Republicans get a pass. washingtonpost.com/opinions/2019/…
The reason for this disparity is that Democrats are serious, reasonable people who are embarrassed by irresponsible policy ideas. Republicans are ignorant fools who don't give a shit about anything except paying off their corporate masters.
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Bruce Bartlett
@BruceBartlett
There's a simple explanation for low inflation--low velocity (the number of times money is exchanged or spent). When velocity falls, it affects the economy the same way as a shrinkage of the money supply.
When velocity is low, it is very hard to get consumers to raise spending or businesses to raise investment. That is why the government must spend, preferably on things like public works that will improve well-being for a long time.
We are to this day still paying the price for a 2009 stimulus bill that was too small and misallocated--too much on tax cuts, too little on public works and aid to state & local governments.
Read 4 tweets
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Bruce Bartlett
@BruceBartlett
It was the height of incompetence that Democrats didn't zero-in on this issue when they questioned Kavanaugh.
Democrats made the mistake of treating their question time as if it was the only part of the hearing that would be televised. They asked same questions that had already been asked, made the same points that already had been made, never followed up, ignored many issues altogether.
Democrats should have had a well-prepared counsel with trial experience ask all the questions. Kavanaugh never would have survived.
Read 3 tweets
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Bruce Bartlett
@BruceBartlett
The biggest lie in American politics is that Republicans hate deficits. The truth is that they LOVE deficits because it gives them an excuse to pretend they are fiscally responsible, slash benefits for the poor & posture for gullible media-types who stupidly take them seriously.
The history of the last 20 years shows clearly that EVERY time we get close to a sustainable budget, Republicans blow it to pieces with massive tax cuts that they claim will lose no revenue. When deficits arise, they always lie that they are caused by spending, not revenue loss.
Keep in mind that the media's favorite Republican, Paul Ryan, a consensus VSP (very serious person) had a massive tax cut in all of his phony-baloney budget-balancing plans. Their purpose was to slash benefits, not balance the budget.
Read 4 tweets

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