Today's USA Inflation Numbers !!!

The big package

Well-Known Member
But we’re surprised after decades is cheap money and stimulus we’re surprised by inflation?
We had low inflation until Biden shut down the keystone Pipeline !!! It put a stranglehold on gas , gas production and refineries then (not surprising) high gas prices , high inflation !!! That's the way it works !!!
 

The big package

Well-Known Member
How come you were never worried about the Trump deficit spending ? We know.... Trump deficit spending.... good. Biden deficit spending.... bad.
Because it wasn't as bad as Obama's spending !!! A 6 trillion dollar infrastructure spending bill is unheard of !!! Never seen in history and it will absolutely destroy the future !!!
 

bacha29

Well-Known Member
We had low inflation until Biden shut down the keystone Pipeline !!! It put a stranglehold on gas , gas production and refineries then (not surprising) high gas prices , high inflation !!! That's the way it works !!!
The bigger issue was that the project operator could only raise 14.4 million through conventional financing . Well short of what was needed. Like anything else. Move past the headlines and into the dollars and cents and there is where you find the heart of just about any public policy matter.
 

bbsam

Moderator
Staff member
We had low inflation until Biden shut down the keystone Pipeline !!! It put a stranglehold on gas , gas production and refineries then (not surprising) high gas prices , high inflation !!! That's the way it works !!!
Lol. Could you tell me how much oil was flowing through the Keystone pipeline when Biden shut it down?

Im guessing zero because it’s not even built yet. That’s kinda how these things work.
 

bbsam

Moderator
Staff member
Because it wasn't as bad as Obama's spending !!! A 6 trillion dollar infrastructure spending bill is unheard of !!! Never seen in history and it will absolutely destroy the future !!!
Actually it’s spending long overdue. Democrats have long pointed out that borrowing when interest rates were near 0% would be wise.

And here we are now with interest rates potentially rising and the infrastructure upgrade still required.
 

vantexan

Well-Known Member
Lol. Could you tell me how much oil was flowing through the Keystone pipeline when Biden shut it down?

Im guessing zero because it’s not even built yet. That’s kinda how these things work.
It was being built and a lot of people lost good paying jobs. No skin off your back. And he put a moratorium on drilling and exploration on Federal land.
 

vantexan

Well-Known Member
Actually it’s spending long overdue. Democrats have long pointed out that borrowing when interest rates were near 0% would be wise.

And here we are now with interest rates potentially rising and the infrastructure upgrade still required.
We don't take in anywhere near $6 Trillion. So more borrowing, more money printing. More money spent servicing the debt. Interest rates go up to curb inflation and the government crashes because the trillions needed to service the debt crowds out other government services. Good luck!
 

bbsam

Moderator
Staff member
It was being built and a lot of people lost good paying jobs. No skin off your back. And he put a moratorium on drilling and exploration on Federal land.
About 9000 jobs. And now the government wants to invest heavily in infrastructure with trillions in spending and lord knows how many jobs. Who’s standing in the way?
 

bbsam

Moderator
Staff member
We don't take in anywhere near $6 Trillion. So more borrowing, more money printing. More money spent servicing the debt. Interest rates go up to curb inflation and the government crashes because the trillions needed to service the debt crowds out other government services. Good luck!
That’s what democrats have been saying for years.
Borrow for infrastructure when rates are low. One way or another, infrastructure has to be built and maintained. If you don’t want it in taxes over time, then it’ll have to be borrowed. You don’t think private enterprise is going to do it, do you?
 

bacha29

Well-Known Member
That’s what democrats have been saying for years.
Borrow for infrastructure when rates are low. One way or another, infrastructure has to be built and maintained. If you don’t want it in taxes over time, then it’ll have to be borrowed. You don’t think private enterprise is going to do it, do you?
Zero percent interest. Doesn't come much cheaper than that unless you're in Europe, the home of negative interest rates. We've ignored infrastructure needs for a generation or more. So now instead of doing a little bit all the time like most utilities do just about everything government has been able to do in recent was on a emergency basis in order to keep taxes and service fees cheap. So here we are now. The day of reckoning has arrived.
 

Netsua 3:16

AND THAT’S THE BOTTOM LINE
Oh is this where you cry that the moderators are persecuting you? Such a drama queen Susie
Why do you report other people’s posts so often DiDO?
Then go around calling people drama queens?
You wanna keep it real for 15 seconds and be honest orrr?

Just gonna say something like “lol ttku lefty pathetic?”
 

bacha29

Well-Known Member
It was being built and a lot of people lost good paying jobs. No skin off your back. And he put a moratorium on drilling and exploration on Federal land.
The job was only going to last a couple of years . Then with the exception of a couple of dozen maintenance workers the other thousands would find themselves stuck out there on the plains with no job prospects within many. many miles.
Look, why don't the Canadians simply built their own refineries? They've had more than enough time to do so.
 

vantexan

Well-Known Member
About 9000 jobs. And now the government wants to invest heavily in infrastructure with trillions in spending and lord knows how many jobs. Who’s standing in the way?
Except their infrastructure bill had only a small percentage earmarked for actual infrastructure. We don't need a $6 trillion pork laden budget. And spending vast sums of money we don't have won't create a sustainable economy.
 

vantexan

Well-Known Member
The job was only going to last a couple of years . Then with the exception of a couple of dozen maintenance workers the other thousands would find themselves stuck out there on the plains with no job prospects within many. many miles.
Look, why don't the Canadians simply built their own refineries? They've had more than enough time to do so.
A pipeline to existing refineries in the primary market for their oil is much more cost effective than building their own refineries. And those pipeline jobs were held by specialists who came from oil producing areas like the Permian Basin, not held by Zeke and Cletus from Hooterville, NE.
 

bacha29

Well-Known Member
A pipeline to existing refineries in the primary market for their oil is much more cost effective than building their own refineries. And those pipeline jobs were held by specialists who came from oil producing areas like the Permian Basin, not held by Zeke and Cletus from Hooterville, NE.
Ignoring loud and broad based objections for the sake of 2-3 dozen jobs? That's all that will be needed if even that many to maintain the pipeline. Furthermore Canadian tar sands are dirty and expensive to cleanup and refine. The Canadians have been strip mining the stuff up there for going on 40 years and they knew that sending it down to the US would meet with resistance.
 

upsgrunt

Well-Known Member
That’s what democrats have been saying for years.
Borrow for infrastructure when rates are low. One way or another, infrastructure has to be built and maintained. If you don’t want it in taxes over time, then it’ll have to be borrowed. You don’t think private enterprise is going to do it, do you?


Then spend it on infrastructure- period; nothing else. It's all the other pork that makes it get stupid.
 

vantexan

Well-Known Member
Ignoring loud and broad based objections for the sake of 2-3 dozen jobs? That's all that will be needed if even that many to maintain the pipeline. Furthermore Canadian tar sands are dirty and expensive to cleanup and refine. The Canadians have been strip mining the stuff up there for going on 40 years and they knew that sending it down to the US would meet with resistance.
There are pipelines all over the country. The problem is fossil fuel foes don't want another large source developed, don't want lower prices from the wide availability of oil sources. While the world's biggest polluter continues to put coal fired electricity plants online we shoot ourselves in the foot by not being energy independent. Closing down Keystone isn't going to save the planet, but it, and restricting new drilling on Federal land, is going to hurt a lot of poor people who have to pay the same price per gallon as a billionaire does.
 
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