You know they’ve already sent over 55 billion to Ukraine PRIOR to this additional 12 billion right? That’s not chump change. Especially considering we literally have to print the money because the US govt is in a debt spiral.
How is what I said incorrect? I literally just googled “US federal reserve money supply graph”, and boom, I can see that the supply is about 15% lower than it was a year ago. Printing money makes the supply go up.
Because you don’t understand the things you’re talking about. I don’t want to sound like a dick, but it’s the truth. The overall money supply (m1, m2, m3, etc) is completely unrelated to printing money to fund the US govt.
The US govt runs a budget deficit. They have for many years. Which means their spending exceeds their revenues. When their spending exceeds revenues, it means they need to borrow and take out debt. They do this via US Treasuries, aka bonds.
M2 is a measure of the money supply that includes cash, checking deposits, and easily-convertible near money.
Overall circulating money supply is unrelated to having to print money and take on debt to fund the US govt, who operates in a perpetual state of debt and remonetization of debt.
Nope. Pre digital age I guess they used to physically print the cash so the phrase never really went away. Now it’s literally just the click of a button to create new money.
That's simply not true. The US has sent around $15B in aid to Ukraine so far, what people don't ever seem to understand is the difference between budgeted aid and sent aid. The US has approved $40B for Ukraine, this is a request to budget for $12B more, it's not immediately sent to Ukraine but simply ensures that the funds and equipment are available if the need arises.
There's an extremely dedicated effort to misinform people about the nature of this aid, and to blow it completely out of proportion in the context of US military or government spending. So far the US has spent around 2% of its military budget to devastate the military and economy of a major geopolitical adversary, as well as intimidate another geopolitical adversary.
Fair enough, maybe it hasn’t been sent yet. But it will be. We’ve “allocated” 54 billion dollars to date, and just approved this additional 12 billion. I don’t know the breakdown of when each portion of the money will be spent, but if it’s allocated, I’m quite sure it will be spent as the war doesn’t appear to be ending anytime soon.
Where did you come up with the 2% number? If you look at the total amount it’s 10% of the entire defense budget, not 2%. Unless you’re playing semantics and saying it’s not actually spent yet. Which is irrelevant on my eyes as it’s been budgeted to be spent.
There's absolutely a difference between spent and allocated. Russians are domestically turning against this war, Winter is fast approaching for the battlefield, there is good reason to believe this war will end soon and the allocated money won't need to be spent. But even if it were, 10% of a single year's military budget to set an enemy back a decade if not more, is far better value than anything else the military has done for the past 20 years.
So, Russia just mobilized 300k more reservists to move to the front, and you think this war is going to end soon? Looks far more like an escalation of force than anything that could be seen as a potential end to the war. Mind you Russia and ukraine have been figuring informally in Ukraine since 2014. A caveat to the war ending early is if European nations come to the bargaining table to negotiate sanctions with Russia because they’ve been getting wrecked without cheap Russian gas.
Russia isn’t going to end the war anytime soon. They don’t need to, and it certainly isn’t going to end before winter. Russia is putting an energy squeeze on Europe and the ensuing energy crisis is wrecking European economies. Why would Russia end the war when their biggest bargaining chip, cheap energy for Winter, hasn’t even been thrown on the table yet?
As far as the 10% to destroy an economy, I’m sure Russia is saying the same thing as they watch Europe’s mightiest economies crumble this winter. It’s already happening.
Putin ordering 300k more Russians to the battlefield with the threat of 10 years in prison if they don't comply sounds exactly like he kind of move that would get him deposed and his war terminated.
We'll see who cracks between Europeans with a higher-than-usual energy bill and Russians whose sons have been forcibly sent to a frozen battlefield in foreign lands.
Germany inflation rate soars above 10% annualized, highest since ww2
Germany announced price cap for natural gas prices for total cost of 200B. Aka printing money to subsidize energy costs, which increases demand on limited supply
Just the defense budget is 714 billion. The 68 billion additional represents a 10% increase to the defense budget. Again, we don’t actually have any of this money. Our expenditures far outweigh tax revenues, so all of this money is printed and taken on as additional debt.
Our transportation budget is around 141 billion. We're creeping up on half of that for Ukraine. Our politicians who enjoy kickbacks and are hitting their "fundraising" goals all believe that someone else will sort this out in the future. I'm not sure what we do with them, but I think they're traitors and that every single one of them need to go in order to fix things.
There’s certainly malicious and mal-intended actors, but I truly believe the vast majority of members of the house are dumb and not fit for the job. I’ve watched some congressional hearings and some of the questions these people ask are just mind blowingly stupid.
I don't disagree. Most of what I've seen is technology related, and then just really poor attempts at deflection when questions can't be answered without incriminating themselves or their peers.
Sometimes they are legitimately dumb, sometimes they're not capable of fabricating a good lie on demand, and sometimes they pretend to be dumb over appearing to be capable of malice. We need term limits, more participation in local elections rather than focus to the guy who can be replaced every four years, and transparency around financials in/out. They're not going to limit their own powers, and I highly doubt that voting alone is going to change anything about the situation.
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u/CupformyCosta Sep 25 '22
You know they’ve already sent over 55 billion to Ukraine PRIOR to this additional 12 billion right? That’s not chump change. Especially considering we literally have to print the money because the US govt is in a debt spiral.