I’m all about modern monetary theory, so I get that taxes do not 1-1 equate to spending, taxation is an arbitrary anti-inflationary mechanism while spending is an arbitrary inflationary mechanism when you’re a large country with a big economy people want to business in while printing ‘me’ bucks – and I get the argument that “it’s creating American jobs,” but mostly it’s making defense company execs rich, which is overall inflationary, which is a regressive tax on us all in the end… so… every $100 billion we spend there like it’s nothing isn’t entirely non-impactful on our economy. Also, now that treasury bonds aren’t at effectively 0% anymore this is producing net drag on the budget, insofar as how congress sees it, and they do the budgeting, ergo the $x billion we’re paying on the $y billion we’ve sent to Ukraine is reducing funding to something domestic in budget negotiations, or will eventually when the interest compounds back into the debt and the GOP goes all “Austerity forever!” the next time they’re out of power, which in your ideal world will be next year.
…you do realize that Ukraine is only getting a surplus of US equipment that was going to be replaced? Totaling the amount of those Ukraine defense bills? There is no money being exchanged, lol.
So if it’s all unloading military surplus, why any congressional holdups about budgeting? Have you broken a scandal? Hundreds of billions have been budgeted, I would think the GAO et al would want to know about what you’ve discovered!
I’m all about modern monetary theory, so I get that taxes do not 1-1 equate to spending, taxation is an arbitrary anti-inflationary mechanism while spending is an arbitrary inflationary mechanism when you’re a large country with a big economy people want to business in while printing ‘me’ bucks – and I get the argument that “it’s creating American jobs,” but mostly it’s making defense company execs rich, which is overall inflationary, which is a regressive tax on us all in the end… so… every $100 billion we spend there like it’s nothing isn’t entirely non-impactful on our economy. Also, now that treasury bonds aren’t at effectively 0% anymore this is producing net drag on the budget, insofar as how congress sees it, and they do the budgeting, ergo the $x billion we’re paying on the $y billion we’ve sent to Ukraine is reducing funding to something domestic in budget negotiations, or will eventually when the interest compounds back into the debt and the GOP goes all “Austerity forever!” the next time they’re out of power, which in your ideal world will be next year.
…you do realize that Ukraine is only getting a surplus of US equipment that was going to be replaced? Totaling the amount of those Ukraine defense bills? There is no money being exchanged, lol.
So if it’s all unloading military surplus, why any congressional holdups about budgeting? Have you broken a scandal? Hundreds of billions have been budgeted, I would think the GAO et al would want to know about what you’ve discovered!
Because you’ve been fucking duped by republicans ya dunce.