sudoshakes
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.
I would love if you could explain the connection between these two things.
I have my macroeconomics books from college at hand, so so please take your time to be detailed as I won’t dislike reviewing my notes.
Narrator: there is nothing about spending 0.001% of GDP on foreign aid that is of significant impact to inflationary pressures, and OP is speaking out of their ass. To the point where when they fart it sounds like a god damn jazz band.
You pay before taxes on traditional contributions so the net income hit is less.
Say your effective tax rate is 30%, then you are eating in gross pay only 18,900 off income to fund 27000 in 401K savings.
The whole point of tax deferred accounts really.
Roth contributions don’t work this way, but most do not max out funds using Roth given the tax difference in retirement vs working.