Talk:O’Sullivan’s First Law
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This is an old revision of this page, as edited by RobSmith (Talk | contribs) at 22:10, January 25, 2026. It may differ significantly from current revision.
MAGA agenda
Does O'Sullivan's First Law apply to the MAGA agenda? Trump & Liz Warren both want to eliminate the debt limit. [1] The skies the limit as far as inflation goes ("More inflation. It's a great asset. What a stupid SOB." [2]) RobSZelensky Must Go! 14:53, June 4, 2025 (EDT)
- The 100+ year old debt ceiling law actually shows the weakness of the conservative movement in America during World War I rather than a national consensus (as sometimes often touted). Unable to stop warmongers and the march to war in 1917, conservatives had to settle for a procedural rule on a vote in the US Senate to increase spending and debt (Remember, this was done at a time when the US was still under the Gold Standard. Those factors were later removed by Presidents FDR & Nixon). Since 1917, the vote to increase the debt limit has just become a procedural ritual in the US Senate which creates delays and partisan bickering. Increasing the debt limit and federal spending has long since little to do directly with defense spending, as the whole Great Society welfare spending and Vietnam War effort to have guns and butter proved.
- The danger of no debt limit leaves the dollar vulnerable to rapid inflation spikes, as other nation's currencies have experienced, which is why the US dollar was looked at as a "stable" reserve asset. Governments willy nilly increase government spending to appease the populace with perks, government projects, and welfare spending.
- Removing the debt limit is an effort to alleviate the population from privations caused by war by having both guns and butter, kicking the inflationary spikes down the road perpetually in this now perpetual state of war, and leading to more destruction of the US dollar as a reserve asset and de-dollarization.
- Money (or currency) is supposed to reflect the productive powers of labor in a given country;[1] but nowadays money is just PIDOOMA'd by Congress and the Federal Reserve Board for whatever government projects and vote-buying schemes they want. RobSZelensky Must Go! 16:11, June 4, 2025 (EDT)
- Removing the debt ceiling has many conservatives concerned, and rightly so.--Andy Schlafly (talk) 16:20, June 4, 2025 (EDT)
- So we have a conflict here between the proposal to do away with the debt ceiling and Trump's threats against BRICS nations about dedollarization.
- As a reserve asset, the rest of the planet is tired of getting caught up in ridiculous US domestic politics which then affects their national currencies. RobSZelensky Must Go! 16:31, June 4, 2025 (EDT)
- You make excellent points about this. Can't have this both ways: unlimited debt that destroys the dollar and yet requirements that the world uses the dollar.--Andy Schlafly (talk) 17:23, June 4, 2025 (EDT)
Slippery
The problem with being conservative is you have to be smart. Otherwise it's just being led down the slippery slope that User:Conservative has done to Conservapedia over the past 4 years. RobSAbnormal is fine. Stupid isn't. 17:10, January 25, 2026 (EST)
refs
- ↑ How one quantity of labor exchanges for another quantity of labor. Some people have difficulty wrapping their heads around the concept of "quantity of labor". Just look at your paystub where it says "40 hrs @ $15 per hour". That pay amount theoretically was supposed to equalize the "quantity of labor" required by other producers in higher and lower paid professions.
