Jump ahead to Current Year and we're facing the same lame and disingenuous arguments for another peculiar jewish institution that's obviously destructive and wrong. We must open our borders for massive foreign invasion, it's the only way to "survive." To save my country it was necessary to destroy it.
The U.S. economy faces higher deficits, reduced government benefits and near-zero interest rates unless policymakers act aggressively, Cleveland Fed President Loretta Mester said Thursday.
The ship is sinking! Drill more holes in the hull!
In a speech to the Cato Institute in Washington, Mester painted a bleak picture driven in part by an aging population and lower productivity. Rising Social Security and health costs already are projected to carve a bigger hole in the federal budget, pushing the deficit to an unacceptable level.
If we can learn to live with over twenty trillion (!!!) in kosher sin debt I'm not sure what would qualify as "unacceptable."
One suggestion she has to accelerate growth and address declining productivity is immigration. Her remarks took direct aim at a priority of the Trump administration to curtail the inflow of foreigners, particularly from countries with large Muslim populations.
Everyone knows that moon cultists are hard workers for muh economy, law-abiding, totally compatible with our semitic garbage culture, don't age, won't use health care services and will be able to save our retirement funds. This is a great idea, I can tell you really thought this through.
"Policies that increase immigration, not reduce it, that support continuing education, that encourage R&D and innovation, and that provide incentives so people work longer should receive attention."
"In a world where counter-cyclical fiscal policy is constrained, business cycle volatility could rise, and monetary policy could find itself near the zero lower bound more often, potentially requiring the use of nontraditional policy tools such as asset purchases and forward guidance in order to meet monetary policymakers' economic objectives," she said.
The dismal science provides a boring and incomprehensible lecture on why we need to be flooded with brown opportunists.
Mester will be a voting member of the policymaking Federal Open Market Committee next year, when the central bank also gets new members to fill the three vacancies on the board of governors.
I don't know about you, but I definitely feel a lot more confident about our future.