We spend almost a trillion dollars per year on war and wasteful weapons systems, and the people who work in the army live in slums.Major problems include mold, lead in the water, asbestos, leaking ceilings, roaches, mice and rats
And not a single person at the time screwed hysterically “ but how are we going to pay for it?!?”
“The bottom line: a Federal Reserve bailout commitment in excess of $29 trillion.”
So this guy from Morgan Stanley walks into a bar.
Can we finally put the trickle down myth to bed now?
The White House had predicted that the massive fiscal stimulus package would boost investment and job growth.
Deficit spending puts more money into the economy. We just increased the deficit to over a trillion dollars per year, mainly for tax cuts to the wealthy. Imagine if we instead spent that trillion dollars per year on infrastructure or education.
“suppose the government spends $100 into the economy but only taxes $90 back out. The result is a surplus equal to $10 that shows up somewhere in the non-government part of the economy. In other words, the government’s “red ink” becomes our “black ink.” Their deficits are our financial surpluses.“
So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn’t really matter.
How much money did Britain take away from India? About $45 trillion in 173 years, says top economist
“Patnaik said the scars of colonisation remain despite Britain leaving India over 70 years ago. “Between 1765 and 1938, the drain amounted to 9.2 trillion pounds ($45 trillion), taking India’s export surplus earnings as the measure, and compounding it at a 5 per cent rate of interest,” Patnaik said during an interview with Mint.”
Renowned economist Utsa Patnaik, who has done a deep research on the fiscal relations between Colonial India and Britain, has tried to answer one particular question every Indian seems to be interested in knowing — how much money did Britishers take away
The same people who claim “we can’t afford” universal healthcare or publicly funded university never say a peep about this.
Unlimited funds to slaughter but we’re always broke when it comes time to help people. This is an empire in decay
The report found that “high costs in war and war-related spending pose a national security concern because they are unsustainable.”
“The researchers hope to shift the conversation about student debt from one that assumes student loans are a useful tool for improving individual’s economic prospects to one that acknowledges that higher levels of debt and education haven’t necessarily boosted young Americans’ financial futures.”
A new paper from the Roosevelt Institute says these loans are not a benign way to help young people attend college.
Yeah we know, Apple was the first company valued at a trillion. They have suicide nets on the buildings where their parts are manufactured because employees try to kill themselves so often…..