Wednesday, February 1, 2023

Deficits


I received an email telling me I was wrong about dietary supplements. It said I should learn the truth by reading a dog food bag to learn which supplements were added to it. I had to explain, once again, why a dog food bag is not a reliable source of evidence and why a scientific study with a control group can provide more accurate information.--Hall

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Supervisor Shamann Walton, who wrote the LA legislation that proposed a $5 million payment as reparation to Black people is actually “much less than a lot of the projections that people say black people should receive for reparations here in the United States.”

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Campaign finance records in the recent Georgia Senate runoff campaign showed more than 800 donations from Google employees to the Democrat, and only six to the Republican. (In fairness, the Republican was Herschel Walker.)

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Deficits

The Republicans are said to be--or, at least claim to be--the champions of fiscal discipline.

Donald Trump is one of three presidents with the biggest budget deficits in history.

The deficit topped $1 trillion in 2020.

By 2022, under Joe Biden's administration, the deficit has declined to some $900 billion.
The U.S. government has run a budget deficit for nearly all of the past 60 years.
A president's influence over a budget deficit doesn't start until after the fiscal year ends (September 20) during their first year in office.

Under Biden, Trump, and Obama, government federal spending almost doubled.

Hope for future spending responsibility is bleak. "Biden's 10-year outlook still would rack up $14.4 trillion in deficits," reports Bloomberg.

Now, one might say that Mr. Trump is a random occurrence on the national stage and not much of a Republican. Sort of 'philosophy-free.'
But the notion that one party or another has an interest in budget control is rooted in the mythology that there is a difference between these self-appointed leaders and experts other than their hair stylists.

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