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Onea those days on twitter I spose https://twitter.com/bonchieredstate/status/1778906731281592702
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Apr 13, 2024 02:28
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This guy could be completely right and it would still not add up to anything close to 50%. 50% of the US' GDP is a ludicrous amount.
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Apr 13, 2024 02:35
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Frionnel posted:This guy could be completely right and it would still not add up to anything close to 50%. For a little perspective, during the peak of the WW2 war economy, the US spent 35% of its GDP on the military.  Post-1945, It only passed 10% briefly during Korea, and upper single digits for most of the rest of the cold war. The Soviet Union collapsed in large part because they were spending 15-20% during the 1970s-1980s.
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Apr 13, 2024 03:22
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"Defence Related" leaves a lot of room for argument (good and bad)
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Apr 13, 2024 09:00
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i try not to fact post in the pics thread but since this has gone one for two pages the thing they're loving up is confusing "discretionary spending" for "gdp". military spending is roughly half of the us's federal budget, in the sense of the budget that congress has to pass every year. technically thats just the "discretionary spending" portion, and in practice everyone colloquially uses the full numbers including non-discretionary/entitlements spending too, because thats the majority of it. thats it. he took a technically-correct talking point that is true: "the us spends half its budget on war" and confused budget for gdp. MightyBigMinus fucked around with this message at 13:01 on Apr 13, 2024 |
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Apr 13, 2024 12:58
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While you are correct it doesn’t really excuse the willful stubbornness not to accept correction. Likely because his argument fails when confined to reality.
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Apr 13, 2024 13:05
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So they also failed civics? It should be utterly unsurprising that federal budgets are dominated by federal competencies. I would assume that the majority of public spending is at the state level, with the federal government picking up the tab for defense and other federal matters…
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Apr 13, 2024 16:18
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It’s going to vary state to state (my state - which is like your ‘Bavaria’ - didn’t expand medicaid and massively underfunds pretty much all state services) but for the current biennium in Texas, state spending is ~$138bn and federal funds to the state are ~$117bn. And something like 70% of state spending is education and healthcare
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Apr 13, 2024 16:31
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the texas state guard needs f35s
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Apr 13, 2024 18:01
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https://twitter.com/cd_hooks/status/1779190268362735930 o7
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Apr 13, 2024 18:33
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what does this mean
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Apr 13, 2024 18:43
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They want a different ridiculous guy. Game of Thrones but for Spanish tradcaths.
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Apr 13, 2024 18:46
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sugar free jazz posted:what does this mean sackville-baggins
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Apr 13, 2024 18:52
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sugar free jazz posted:what does this mean That youve never played CK
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Apr 13, 2024 19:03
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In Louis CK it's an Onanist contingent that shows up.
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Apr 13, 2024 19:52
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zoux posted:That youve never played CK what is ck
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Apr 14, 2024 06:28
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MightyBigMinus posted:i try not to fact post in the pics thread but since this has gone one for two pages The important thing to remember is this took place on social media. Nobody wants to learn anything there. There is only gamesmanship. If he had said what he meant to say the first time, they would have simply twisted themselves into pretzels until he stopped engaging and then declare victory.
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Apr 14, 2024 07:03
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sugar free jazz posted:what is ck I'm gonna guess Crusader Kings, it's a breeding simulator
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Apr 14, 2024 07:05
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It's what incest looks like if you could magically take away all the birth defects.
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Apr 14, 2024 14:47
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KORNOLOGY posted:It's what incest looks like if you could magically take away all the birth defects. Wait the hapsbergs don't still all have crazy birth defects?  What not traditionalists any more?
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Apr 14, 2024 14:51
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zoux posted:That youve never played CK Look at this fool who's confused medieval dynastic politics with early modern dynastic politics!
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Apr 14, 2024 14:52
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dr_rat posted:Wait the hapsbergs don't still all have crazy birth defects? Three testicles, but only one penis.
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Apr 14, 2024 16:16
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I have three penises and only one testicle, but it’s enormous
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Apr 15, 2024 14:17
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dr_rat posted:Wait the hapsbergs don't still all have crazy birth defects?  Respect tradition.
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Apr 15, 2024 14:20
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RETVRN alternatively, Which way, blue-skinned man?
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Apr 15, 2024 14:28
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https://twitter.com/stevebustasemi/status/1779559918955094457
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Apr 15, 2024 16:00
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https://twitter.com/kaitlancollins/status/1779876138216567026 Looks like the big guy's not getting enough sleep, something going on bud? https://twitter.com/SocDoneLeft/status/1779890674491375925 Oh word?
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Apr 15, 2024 16:16
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We just need 50 more years bro, just 50 more years and we'll start seeing it
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Apr 15, 2024 17:13
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zoux posted:https://twitter.com/kaitlancollins/status/1779876138216567026 1. Looks like trump has been crying his eyes out. 2. 50 years? Try millenium of trickle down economics. I see no difference between the theory of trickledown economics and feudalism. "Look at how ornate the cornices on my new palace are? Look how many tradesmen I've employed for generations of their family to showcase my vast wealth! Who cares than they buy their tools, clothes, food and housing from me and have no money left over? It's not *technically* slavery..."
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Apr 15, 2024 17:15
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No he really is tired. They’re reporting that he keeps nodding off in court
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Apr 15, 2024 17:25
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Trickle down is a pretty specific economic policy theory that only really got started in the 80's. When it's reduced to "rich people exist and make justifications for their existence" then the word ends up meaningless. It was a very specific economic idea that challenged the generally accepted keynesian ideas of the post-war west and flipped the idea on its head. "smooth out the economy by taxing booms and spending during busts" and "government spending should focus on creating jobs and investing in the public in order to stimulate the economy" the new theory was "cut taxes on the rich and most profitable corporations, even if you have to do austerity to afford it, because the overall economic gains you'll get will more than outweigh the hurt from the austerity" which we've time and time again learned doesn't remotely work in the slightest. It was an idea that in tough times, if the government had 50 billion dollars to spend on helping the economy it was better to just spend that 50b on corporate tax cuts than the previously accepted idea to use that 50b to invest in social services and public works projects. In fact you should probably cut those public projects in order to give the rich an even bigger tax cut, because that will stimulate the economy even more! Turns out the actual only way to "stimulate the economy" is actually investing in your population, not making it more profitable to hoard wealth. But I think most of the people pushing that ideology knew it wouldn't work, it was just cover for some of the biggest wealth transfers in human history.
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Apr 15, 2024 17:28
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Baronjutter posted:Trickle down is a pretty specific economic policy theory that only really got started in the 80's. When it's reduced to "rich people exist and make justifications for their existence" then the word ends up meaningless. John Kenneth Galbraith in 1982 posted:Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. It wasn't that new or specific so much as it was a new coat of paint on an old lie. (As an aside I like the horse-and-sparrow metaphor because it's thiiiiiiis close to outright saying "Eat poo poo, poors!")
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Apr 15, 2024 18:50
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Baronjutter posted:Turns out the actual only way to "stimulate the economy" is actually investing in your population, not making it more profitable to hoard wealth. But I think most of the people pushing that ideology knew it wouldn't work, it was just cover for some of the biggest wealth transfers in human history. It was George HW Bush himself that called it "voodoo economics" in the primary and said it would never work. He was right, of course, but that didn't keep him from signing up for the VP nom.
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Apr 16, 2024 01:43
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Baronjutter posted:
"But we gave everyone $2000 over two years and it caused all this inflation!"
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Apr 16, 2024 12:14
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Apr 16, 2024 15:45
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And yo flag look like a dishrag
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Apr 16, 2024 16:52
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quote:It was a very specific economic idea that challenged the generally accepted keynesian ideas of the post-war west and flipped the idea on its head. "smooth out the economy by taxing booms and spending during busts" and "government spending should focus on creating jobs and investing in the public in order to stimulate the economy" It was a consequence of the financialization of the economy. Once the industrial economy could be shipped overseas and the accumulated capital kept here, the economy was just Wall Street. And the best way to stimulate Wall Street has been the republican initiatives, lowering upper income rates, capital gains and privatizing the plebes’ finances by moving from pensions to 401k, or the real prize: privatization of social security.
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Apr 16, 2024 20:41
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Proust Malone posted:or the real prize: privatization of social security. Which, in case anyone's forgotten, the failure to do so was the sole regret of W's entire presidency.
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Apr 17, 2024 04:14
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The reason this still exists is because George Custer's tiger wife kept it safe
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Apr 17, 2024 05:44
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https://twitter.com/charlove/status/1780790682560639065 Public input is very, very bad and we'd do a lot better if the only say people had in politics was the ballot box.
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Apr 18, 2024 16:55
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