I want to call out this particular point in my larger tweetstorm, because it sorta maps onto a dumb talking point from the left: "The government can borrow and spend any amount we want. American *can't* have a Greek-style debt crisis, because we borrow in our own currency!"
But American institutions are strong in significant part because we don't let politicians act like Donald Trump, particularly not when they get close to the white house. It's not a law of nature; it's something we're actively doing. If we stop doing it, we lose our immunity.
— Megan McArdle (@asymmetricinfo) January 8, 2021
What would make them decide this? The fastest way would be for America to borrow a metric crap ton of money, and then default or let inflation eat away the value of our loans so we're repaying pennies on the dollar in real terms.
More from Government
🔷 Rev. Raphael Warnock has become the first Democrat to win a Georgia Senate race in 20 years
The politician spoke to voters via MSNBC this morning
https://t.co/T9oJN2fjmo
Warnock is a pastor at the Ebenezer Baptist Church in Atlanta where civil rights leader Martin Luther King once preached.
He will become Georgia's first Black senator
This blue victory gives the Democrats the chance to regain control of the Senate for at least the first two years of the Biden presidency
"With Biden proposing to reverse President Donald Trump's tax cut, increase the minimum wage, and strengthen oversight on various industries, some might argue that his agenda is not particularly market-friendly," says Vasu Menon, investment strategy director at OCBC Bank
The politician spoke to voters via MSNBC this morning
https://t.co/T9oJN2fjmo
Warnock is a pastor at the Ebenezer Baptist Church in Atlanta where civil rights leader Martin Luther King once preached.
He will become Georgia's first Black senator
This blue victory gives the Democrats the chance to regain control of the Senate for at least the first two years of the Biden presidency
"With Biden proposing to reverse President Donald Trump's tax cut, increase the minimum wage, and strengthen oversight on various industries, some might argue that his agenda is not particularly market-friendly," says Vasu Menon, investment strategy director at OCBC Bank
I am going to take the context for this thread from this piece by my good brother @mabziz in 2018-3 years ago. One thing I am so perturbed about is the response of our Attorney General's office to issues of state security. I have no personal grouse against @MalamiSan, but
2. I do have a professional grouse against him. I feel he is not alive to his duties. I feel that he is also not empowering his Director of Public Prosecutions or his Solicitor General. There is clearly a lot that befuddles me and this is because I am a seasoned lawyer and can't/
3. understand why law is not being used as the instrument it was designed for-to enforce law and order. Let us take the case of Nnamdi Kanu-this man was arraigned in Nigeria on a charge of treason/treasonable felony-he was on bail & he jumped bail. Why has he not been extradited?
4. Is it that Kanu is somehow bigger than Nigeria? What has happened to his surety who failed to produce him? Who is prosecuting him? Our Federal Ministry of Justice? Should Malami not explain to Nigeria why Nnamdi Kanu is still taunting Nigeria daily & still actively destroying/
5. our unity everyday. He is putting the lives of many people at risk and stoking ethnic dissent easily. The Fulani herdsmen dilemma, the burning of Lagos State and his coordination of same on phone-in radio channels, his videos are all stoking a Yoruba/Igbo carnage. Same with/
CONFLICT ENTREPRENEURS; beware of them ... pic.twitter.com/3vUvz5oHL1
— Abdul-aziz Mu'azu (@mabziz) February 11, 2018
2. I do have a professional grouse against him. I feel he is not alive to his duties. I feel that he is also not empowering his Director of Public Prosecutions or his Solicitor General. There is clearly a lot that befuddles me and this is because I am a seasoned lawyer and can't/
3. understand why law is not being used as the instrument it was designed for-to enforce law and order. Let us take the case of Nnamdi Kanu-this man was arraigned in Nigeria on a charge of treason/treasonable felony-he was on bail & he jumped bail. Why has he not been extradited?
4. Is it that Kanu is somehow bigger than Nigeria? What has happened to his surety who failed to produce him? Who is prosecuting him? Our Federal Ministry of Justice? Should Malami not explain to Nigeria why Nnamdi Kanu is still taunting Nigeria daily & still actively destroying/
5. our unity everyday. He is putting the lives of many people at risk and stoking ethnic dissent easily. The Fulani herdsmen dilemma, the burning of Lagos State and his coordination of same on phone-in radio channels, his videos are all stoking a Yoruba/Igbo carnage. Same with/
They shouldn't be.
The pattern is:
GOP in power - GOP dictates policy
Dems in power - GOP dictates policy
The Dems shouldn't legislate toward the GOP.
The GOP doesn't represent its constituents.
The GOP can push it's agenda on its own time.
If Dems push an agenda that actually helps people, it'll also actually help the GOP constituency.
The GOP won't. So give them nothing.
The Dems should ignore the GOP just like the GOP ignores the Dems.
Make them pay for every moment of obstruction.
Just a hard press on legislation that is unassailable and shine a light on the GOP.
Constant. Relentless. Unyielding.
Shut them out and shut them down.
The GOP is not a legitimate political party. It is an anti-democratic, fascist criminal syndicate with no interest whatsoever in governance.
Nobody should give them the slightest bit of credit or legitimacy ever again.
Not a fucking ounce.
Nobody should engage them in legitimate debate in Congress.
They should be pariahs and treated as unserious occupants of Congress.
Because these people were totally ok with their colleagues being killed in furtherance of the destruction of the insitution.
The pattern is:
GOP in power - GOP dictates policy
Dems in power - GOP dictates policy
Soooooooo what\u2019s the problem. The statement I responded to read as it they haven\u2019t been trying to work together.. but they have so..?
— Othello (@BurberryKid11) February 2, 2021
The Dems shouldn't legislate toward the GOP.
The GOP doesn't represent its constituents.
The GOP can push it's agenda on its own time.
If Dems push an agenda that actually helps people, it'll also actually help the GOP constituency.
The GOP won't. So give them nothing.
The Dems should ignore the GOP just like the GOP ignores the Dems.
Make them pay for every moment of obstruction.
Just a hard press on legislation that is unassailable and shine a light on the GOP.
Constant. Relentless. Unyielding.
Shut them out and shut them down.
The GOP is not a legitimate political party. It is an anti-democratic, fascist criminal syndicate with no interest whatsoever in governance.
Nobody should give them the slightest bit of credit or legitimacy ever again.
Not a fucking ounce.
Nobody should engage them in legitimate debate in Congress.
They should be pariahs and treated as unserious occupants of Congress.
Because these people were totally ok with their colleagues being killed in furtherance of the destruction of the insitution.