Biden - Approval

[Dill]

(10-25-2022, 12:33 PM)CarolinaBengalFanGuy Wrote: I’m no economist how does not passing stimulus bills lower the deficit? Wouldn’t that just mean we are spending less money than previous years? But how does that lower the deficit unless we are putting more money towards lowering it?

I don't see how not passing stimulus bills lowers the deficit. But it stops Dem momentum. If they can't get things done, then you vote for "change" -- the guys who don't want things done, or want taxes undone. Cutting taxes will raise the deficit.

Just a couple comments. 

I got a check from Trump which I spent. So did my wife.  We spent value without creating any.  Not sure why Trump handouts are not included as a cause of inflation, if that sort of spending causes it.

Also, I know that all the money freed for investment has not gone into the economy yet. E.g. Of the 122 billion appropriated for schools, only 15% has been spent.  https://www.washingtonpost.com/education/2022/10/24/covid-spending-schools-students-achievement/  So the potential full amount of dollars out there hasn't been reached yet. Though perhaps 90% has. 

I'm thinking stimulus spending may cause inflation, but the U.S. would be worse off if it hadn't enabled businesses to continue operating and households to keep up consumer demand. 

I'm not an economist, but it seems possible that for some people at least, inflation meant they kept a job, even if they are now paying more for consumer items.