All of that stock is bought with paper money. Or as MaxM calls it MMT.

#18 I use to think that people would not sell their car for crummy paper dollars and would sell it for Krugerrand or gold coin of your choice. Why sell a good car for bad money? But I never saw it happen. People will sell a car for crummy paper dollars because they can buy another for crummy paper dollars. In other words the gold coin has not become a currency of choice. But I can buy one for $1256 crummy dollars on todays market.

I see Rubio pulled a fast one on the tax bill .....yep he's truly worried about the child tax credit, what a great guy, and the media fell for it, he got free publicity alright. These self-serving hypocritical scoundrels never cease to amaze me. What a Teabagger.

Hey MAX: Your boy Rand Paul is voting yes on the tax bill, thus adding trillions more to the deficit, just saying!

In Illinois, republiCon venture capitalist Bruce Rauner over two years ago donned blue jeans, a plaid shirt and a carhart jacket and went down state illinois, and talked to farmers and working class people , dropping the "g's"on his ing's in his sentences, trying to talk like local good ole boy , and it worked, even some of my "poorly educated" union brothers bought his line of crap "were going to shake Springfeild up'' (that's republicon double speak, for making Illinois a -right-to-work- state)(his TURN AROUND AGENDA) and for the following two years after his election he vetoed budgets brought forward by the Democratic majority untill he just about broke the state, but his re-election is on the horizon ,and the republiCons worried abought their re-elctions joined the democrats and started overriding his vetoes,we have some good Dems running for governor in 2018, hopefully people wake up to this right wing crap and come to their senses..........

See... The internet done messing up! LMAO!

So; MaxM is the troll for the evening..... That is exactly what "they" will be saying in 6 months! Deficits don't matter. After the 2018 (hopefully massacare election); they will say we're broke! Holy Hell!

Okay then, thanks Ou812. May I suggest you change your pic to something other than one that depicts you in a trashy light? Otherwise, you give mixed messages and denigrate your own comments.

People need to educate themselves about how currency actually works at the federal level. There is absolutely no connection between tax revenue and federal spending. If cutting taxes results in cuts to social programs, that is a purely meanspirited political decision, NOT a fiscal one. Over the last 5 years or so, Thom has had on his show economists who are proponents of Modern Monetary Theory, but has failed his listeners by failing to promote their insights. An important contribution of MMT is a factual description of what it means to an economy to have a sovereign currency, as the US does. We learn that our government still operates as though our currency was still linked to gold, as it was until 1971, even though our present fiat currency gives us far more policy latitude than we are using. Here are two key realities revealed by the MMT folks: 1) Federal income taxes do not fund federal spending, and 2) The "national debt" is actually the sum total of savings that individuals, institutions and foreign governments have invested in US Treasury instruments.

Taxes are collected at a rate to keep inflation in check, then "deleted" once recorded. The government creates new money every time it spends. Since it is the sole producer of the dollar, it never needs to borrow in its own currency. The government can never run out of money (but Congress can fail to authorize spending, creating an artificial currency crisis). The 1% knows how this works and uses that knowledge to their advantage, while keeping the rest of us in the dark. Hence, the huge bank bailout after 2008, and the runaway military budgest, neither of which were support by huge tax increases that one would imagine would be necessary. The trick is to get Congress to authorize spending. Once they do, the funds are guaranteed to be available.

Learn MMT.

The American population has less than a year to remember all of this and vote them out. This tax cut gives Trillions more to the 1% to bribe politicians and run ads. That is what they count on. Everytime they expect a large ROI and they get it. This is modern day Fascism.

https://en.wikipedia.org/wiki/Fascism

"One day they will go too far." It is my opinion that -that- day is going to get here far, -far- quicker than people -- =all= people, rich, poor, liberal, conservative, et alia -- are aware of and/or may want. I 'read' -a- =lot= of history. I notice patterns (among other things). When "the balloon goes up", as we used to say in the army =many= years ago, it will surprise, shock, and scare the pee out of people to quite an extreme degree. Yes, even the utter nut-jobs who -want- to see the world burn! Only this time, unlike the French Revolution, very few, if any, of the self-styled "aristocrats" [read here - the ultra-wealthy and heads of mega-corporations .. and congressional Republicans] will survive with their lives and/or sanity.

I sincerely hope I'm wrong .. but I have 'a feeling' I won't be.

Willie W: Not just the poor and elderly, but LGBTs are definitely on the front lines, what with Christo-Fascist Republicans clamoring for their blood. They will be rounded up just as peremptorily as the Jews were, in the very near future. And most folks, including progressives, will look the other way. Homophobia is the weakest link in any democracy...as LGBTs are considered trivial, disposable, and a poison on our "godly" society. More so than any other group, bar none. To not fight for LGBTs will spell the doom of every other oppressed group...and they will therefore deserve a horrid demise of their own making. Just like what happened the last time around...for homosexuals were the very first group to suffer Nazi persecution. And many Jews participated in that, turning in their own gays before the rest of them were rounded up.