Consulting

Okay so I understand everyone ragged on Bernie for pulling money out of thin air for his proposals but where are we getting the money for all these trillion dollar stimulus packages?

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works at

-Treasury issues bonds -Banks buy bonds -Fed lends money to banks so banks can buy more bonds -haha money printer go brrrrr -Bonds mature, and Treasury has to pay back banks -Future you pays higher taxes and future your senator votes to cut your entitlement benefits

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Stimulus package is once. Bernie package is every year. One time cost vs. ongoing cost. Finance 101

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Deficit is a negative total of revenue minus expenses. This would show up on an income statement. What does a balance sheet have to do with it? Increased liabilities?

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I’m making a comment so I can see all the excuses people make for why what is happening now is different and better than what Bernie is proposing. Should be a laugh.

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There’s a good podcast from NPR Planet Money that explains the actual details and technicalities of how it works

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#985: Where Do We Get $2,000,000,000,000

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I will say, I don’t see the mechanics of Medicare for all working in practice. It’s far too big of a logistical endeavor to quantify, let alone achieve within 4 years. I’m for people having healthcare access, I just don’t see med4 all working ...please don’t attack me 🥴

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I wish it were that easy! This crisis is really highlighting the failure of our social systems. I think there are a lot of reasons it is logistically more complex in the us. our population is less densely populated than many comparable countries. We already have publicly traded companies offering HC, how would we decide on the level of care allowed? How do we meet rural HC needs under a single payer system? What do we do with the millions in insurance? I think Bernie has done a lot of work to move the mindset to see why dividing or creating distance between dependency on employers and HC is good, but before we throw the baby out with the bath water I think we should push for realistic, attainable changes that can be seen in our lifetimes. For one I think the way healthcare is billed in this country is outrageous.

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Why are ppl at PWC so obsessed with politics? Even in the middle of a pandemic. Really? This is what you think about?

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Many are also obsessed with laying off and cutting the salaries of their peers, particularly us. Hope everyone bands together instead of devolving into petty infighting

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Neither should have happened.

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Interesting insights. I was under the impression the investment from ‘the big beautiful wall’ is yielding profits and funding our economic revival.

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The difference is about $20 trillion, minimum.

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Voila

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Money is a made up concept

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Our grandchildren. Deficits are a wealth transfer from the next generation to the current generation. One of the (few) reasons the millennials have a right to be angry with the Boomers. On the flip side, when the boomers die they will via inheritance transfer a significant pool of wealth to the millennials and their children. We X-ers get shafted in the middle but that’s ok. Watching the boomer - millennial fight is worth the cost 🍿🥤🙃

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