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

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

  • sudoshakes@reddthat.comEnglish
    52·
    8 months ago

    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.

    • Tygr@lemmy.worldEnglish
      24·
      8 months ago

      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.