Quote (Ghot @ Aug 30 2022 01:28am)
If we didn't spend $750 bill on the military... the world would be mostly Chinese by now.
U.S. spent $800 billion on military in 2021.
China is a distant #2 and spent spent $293 billion.
We (the U.S.) spend more than the next 9 Countries do on military,
combined. And most of those 9 countries are allies of the U.S.
Quote (bogie160 @ Aug 30 2022 08:45am)
You mean $300 billion. Military spending is a fixed cost, the window for reducing military spending has passed. Even Janet Yellen agrees that dumping $300 billion+ on an overheated economy might not be the wisest course.
Bold - It isn't being given to poor people, it's being taken from poor people in the form of inflation, and redistributed to upper middle class millennials who are mostly employed.
It'll completely wipe out the student loan debt of half of the eligible recipients. Which of course will encourage more spending in the economy, in what’s known as the wealth effect.
This post was edited by Sixers on Aug 30 2022 08:35am