CA burning up. Trumps say no more money for you. “Get your act together Governor.”

Into the Night said:
No. Debt is caused by spending more than revenue. The SOTC has created an extraordinary amount of debt. Only recently are they running a surplus of about $2 billion dollars/year. Unfortunately, I doubt Sacramento will use it to reduce the SOTC debt.
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Um, we're in disagreement how?
 
Into the Night said:
Yes they are. The current debt, if spread over ever citizen (including known children), is about $11393 each. Total debt at this time in the SOTC is about $453 billion.

Not a particularly healthy state of affairs, and they can't just print their own money like the federal government can.
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When FedCo prints money it effectively steals from anyone with a savings account.
 
Philip Marlowe said:
President Trump told them last year
to rake the leaves last year.
They thought it was funny.
Now this year California is burning.
And their Socialist Governor wants
President Trump to give them money!
Hell no!
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If trump gives them money to remove the forest debris, newsom will give the money to his precious illegals.
 
Into the Night said:
True, particularly if they are printing faster than the interest bearing on the account, which is becoming more common.
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The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
 
reagansghost said:
sorry, $10,000,000,000 surplus, quit making a fool of yourself
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Then why wasn't it spent on forest management? Surely they'd need far less money than the surplus you state to maintain forests, wouldn't you think?

Properly maintained forests don't don't burn as fast and spread like Calif.'s wildfires have.
 
archives said:
The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
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"The BEP prints billions of dollars - referred to as Federal Reserve notes - each year for delivery to the Federal Reserve System."

https://www.moneyfactory.gov/uscurrency.html

Next question? That one was too easy.
 
RB 60 said:
"The BEP prints billions of dollars - referred to as Federal Reserve notes - each year for delivery to the Federal Reserve System."

https://www.moneyfactory.gov/uscurrency.html

Next question? That one was too easy.
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Are you daft, that is the normal cycle of circulating currency, that would be like saying Trump prints money cause he oversees the BEP, don't you recall Mnuchin and his wife having their picture taken with freshly printed hundred dollar bills?

What is under discussion here is the Fed's monetary policy, which conservatives as yourself have been conditioned to think means the Fed printing new momey and dumping it into the economy, pay attention
 
archives said:
The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
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Arsecheese, what the fuck do you think QE is then?
 
Havana Moon said:
Arsecheese, what the fuck do you think QE is then?
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It isn't the Fed printing money in a back room to dump into economy as you lemmings have been taught to believe, did you think they collected and burned money when their is too much of it out there?

As I explained above, it is part of monetary policy, they raise/lower interest rates, reduce/increase bank reserve requirements, and buy/sell bonds and securities. The goal is to regulate the amount of currency in circulation, not print new money and dump it in the economy
 
archives said:
The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
Click to expand...

archives said:
Are you daft, that is the normal cycle of circulating currency, that would be like saying Trump prints money cause he oversees the BEP, don't you recall Mnuchin and his wife having their picture taken with freshly printed hundred dollar bills?

What is under discussion here is the Fed's monetary policy, which conservatives as yourself have been conditioned to think means the Fed printing new momey and dumping it into the economy, pay attention
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It clearly tells you who prints it and where it goes to be distributed. It goes to the The FED. You claimed it did not.
And what does Trump have to do with the printing of money? What does printing money have to do with California?
 
Into the Night said:
True, particularly if they are printing faster than the interest bearing on the account, which is becoming more common.
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With the "paper money" or "Dollar" system that we have FedCo should be increasing the money supply to keep up with the actual growth of the economy. What The Obama did, three times, was increased it well past economic growth, which had the effect of downgrading the value of the Dollar. This was in effect theft from anyone with cash on hand or money in a bank account. I call this "printing money".

The money printing had no effect on the intrinsic value of goods, services, corporate holdings and property, except of course require more Dollars to obtain them. This inflated the cost of corporate stock, and every lib here suddenly became champions of the "growth" of the stock market. But that growth was completely artificial.

The real irony here is that these self-described "champions of the poor" stole from the poor at much higher rates than any other segment of the population. This is because the poor don't have stocks and property that help shield the wealthy from this scheme.
 
archives said:
The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
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Everyone knows the phrase "print money" is not literally true. It's like saying the sun rises when actually earth revolves around the sun. No big deal.
 
archives said:
The Fed doesn't "print money," they lower/raise interest rates, increase/decrease bank reserve requirements, and sell off/buy bonds and securities, they don't "print money," that is a meaningless right wing cliche intended to create a distorted image in the minds of the uneducated
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They do print actual paper money. They also add additional money to the system electronically. This is known as the M1 value. Raising M1 is just stuffing empty dollars into the system. They do not sell or buy bonds. The treasury does that. The Fed can also order banks to increase or decrease reserve requirements. This is nothing to the money supply. They can also raise or lower prime interest rates (the rates the banks borrow money from the Fed at). This does not increase or decrease the money supply either. That is nothing more the imposing price controls.
 
archives said:
It isn't the Fed printing money in a back room to dump into economy as you lemmings have been taught to believe, did you think they collected and burned money when their is too much of it out there?

As I explained above, it is part of monetary policy, they raise/lower interest rates, reduce/increase bank reserve requirements, and buy/sell bonds and securities. The goal is to regulate the amount of currency in circulation, not print new money and dump it in the economy
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Hopefully the home of every left winger in the area where the fires are burning will be destroyed.
 
Dark Soul said:
With the "paper money" or "Dollar" system that we have FedCo should be increasing the money supply to keep up with the actual growth of the economy.
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It doesn't have to keep up with growth. It doesn't even have to exist at all. We went for quite a long time without a central bank at all. There is no authority granted to Congress to form central banks and impose price controls like this.
Dark Soul said:
What The Obama did, three times, was increased it well past economic growth, which had the effect of downgrading the value of the Dollar.
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Yup, The Fed is the problem. It was also the primary factor in the 2001 crash, and the 2007 crash.
Dark Soul said:
This was in effect theft from anyone with cash on hand or money in a bank account. I call this "printing money".
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Yup.
Dark Soul said:
The money printing had no effect on the intrinsic value of goods, services, corporate holdings and property, except of course require more Dollars to obtain them. This inflated the cost of corporate stock, and every lib here suddenly became champions of the "growth" of the stock market. But that growth was completely artificial.
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Yup.
Dark Soul said:
The real irony here is that these self-described "champions of the poor" stole from the poor at much higher rates than any other segment of the population. This is because the poor don't have stocks and property that help shield the wealthy from this scheme.
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Very true.
 
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