this post was submitted on 03 Nov 2023
260 points (95.8% liked)

World News

39023 readers
2822 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Israel’s strike on the Jabalia refugee camp has led to more intense pushback from the Biden administration.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

What does the total sum of all funds spent for the last 20 years on GWOT have to do with foreign aid budgeted spending in 2023 to Israel?

These aren’t in the same budget category. The tax dollars spent on GWOT had significant effect in the United States ability to borrow as a government due to national debt increases, but that impact is seen directly in the increasing yearly amounts of tax revenue spent to repay that debt, not directly to inflation. Show me correlation in the first ten years of GWOT to CPI?

So let me get this right. You believe spending, as allocated in the budget for a fiscal year, in a category you do not even understand the limits of, for amounts you need to calculate in fractions of a percent of the budget, is a worthy mention of impact on inflationary pressure?

One where you improperly equate it with printing more money as a federal reserve economic control device, and assume aid = printed dollars instead of the majority of which is already existing assets in storage where packages are given dollar values for their worth?

Lol.

Continue to make loud noises out of thy ass while making false equivalence.

[–] [email protected] -2 points 1 year ago* (last edited 1 year ago) (1 children)

1947, a candy bar was a nickel. 2023, how many candy bars can you buy for a nickel?

They are learning and not realizing it. Let’s put down the macroeconomic books and go back to preschool and exchange the dollar bill with an Oreo cookie.

Everyone wants your cookie. It’s rare. It’s the only one. You know you can trade your cookie for supplies to feed your entire family. So you keep your cookie clean, free of stench and prepare to trade it.

Only now, 76 years has gone by and someone stole your recipe and made an infinite supply of your exact cookie.

What will your cookie get you now?

Every time the government prints money out of thin air, your saved dollar gets worth less and less. War drum, stimulus packages, infrastructure, all of it. If they “found the money” by writing up a bill to print money instead of sacrificing the public with extra taxes, the dollar was devalued.

That’s why the “haves” ended up with all the money when they invested in non-fiat stuff like housing or invested it in stocks that will grow with inflation.

The “have nots” rented and spent every dollar they made.