Thread – Why the Latest Pelosi-backed $2T Stimulus Bill Went Nowhere
1. The Dementiacrats have been holding more virus relief hostage in order to force Republicans to cave and vote for another $2T Dementiacrat porkulus bill instead.
Stimulus bill: $2,000,000,000,000 ($2 Trillion)
Dividing the cost by every person in America is $6,051.74
The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income.
$300,000,000 for Migrant and Refugee Assistance pg 147
$10,000 per person for student loan bailout
$100,000,000 to NASA, because, who knows why.
$300,000,000 to the Endowment for the Arts - because of it
$300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing
$435,000,000 for mental health support
$30,000,000,000 for the Dept of Education stabilization fund/ because that will keep people employed (all those zeros can be confusing; that’s $30B!)
$300,000,000 to Public Broadcasting / NPR has to be bought by the Dems]
$500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it
$25,000,000 for Cleaning supplies for the Capitol Building / I kid you not it's on page 136
$7,500,000 to the Smithsonian for additional salaries
$25,000,000 for additional salary for House of Representatives
$3,000,000,000 upgrade to the IT department at the VA - $3 Billion ? ? ?
$315,000,000 for State Department Diplomatic Programs
$300,000,000 for International Disaster Assistance
$90,000,000 for the Peace Corp pg 148
$13,000,000 to Howard University pg 121
$9,000,000 Misc. Senate Expenses pg 134
$100,000,000 is chump change
$1,000,000,000 Airlines Recycle and Save Program pg 163
$25,000,000 to the FAA for administrative costs pg 165
$526,000,000 Grants to Amtrak to remain available if needed through 2021 pg 168 (what are the odds that doesn't go unused)
$25,000,000,000 for Transit Infrastructure pg 169
$3,000,000 Maritime Administration pg 172
$5,000,000 Salaries and Expensive Office of the Inspector General pg 172
$5,000,000 Community Planning and Development pg 175
$2,500,000 Office of Housing
https://t.co/XAyypGcQex
More from Cancel the Dementiacrats - Stu Cvrk
More from Economy
1) Well, also there is this:
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021
True that all the people cherishing the support of IMF or WTO for farm reforms need to cool it down a bit, because that is a model we do not want to emulate to the t in India here.
But here are some issues that deserve to be better discussed by all:
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
But here are some issues that deserve to be better discussed by all:
WTO backed by Western countries have always wanted to dismantle support systems for farmers in developing countries including India while pumping in federal payments to its farmers. Trump gave 46 billion dollars in 2020 alone to US farmers. pic.twitter.com/0V34ZQQq4J
— Ranveer Singh (@ranveersiiingh) February 4, 2021
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
