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In addition to unprecedented corruption and ineptitudeThat would be stagflation. Elevated unemployment and inflation.
In addition to unprecedented corruption and ineptitudeThat would be stagflation. Elevated unemployment and inflation.
Along with more COVID-19 infection / spead / death. These are the people who continue to pretend the virus was fake, and vaccines are Chinese microchips.In addition to unprecedented corruption and ineptitude
Wrong. The supply chain crisis that still reverberates was in large part caused by people falling ill with covid-19.The economic downturn was caused entirely by idiotic governments forcibly shutting down private businesses, not by covid.
Wrong. The supply chain crisis that still reverberates was in large part caused by people falling ill with covid-19.
We experienced severe shortages in truck drivers, dock workers, meat packers, etc due to covid outbreaks.As I recall the accounts were one-ofs, followed by small outbreaks becoming big outbreaks in record time. Small companies or departments of large companies lost staff in groups. That slowed things.
Then whole companies, schools, hospitals were hit....
Then the food stores were stripped of meat, milk & toilet paper.
There were going to be supply chain issues regardless, and the U.S. economy is growing considerably faster than it has in more than 30 years (which is contributing to some inflationary pressure):
However, had the GOP stuck to their ideology and cut government spending, the U.S. would face heavily elevated unemployment to go along with elevated price levels. Your post is based on partisan fantasy and ignorance of political economy
$3.9 Trillion in Additional Deficits
When President Trump took office in January 2017, he inherited a growing economy and budget deficits that had gradually fallen to 3% of GDP in the years since the Great Recession. At this time, the Congressional Budget Office (CBO) projected that the $585 billion budget deficit from 2016 would dip to $487 billion by 2018, before the baby boomer–driven rise in Social Security and Medicare costs would gradually push deficits up to $1.4 trillion by 2027. Overall, CBO projected that $10.0 trillion in deficits over the 2017–2027 period would drive the debt held by the public to $24.9 trillion (see Figures 1 and 2).
Yet while running for president, Trump pledged to balance the budget and then pay off the entire national debt. He boasted to the Washington Post’s Bob Woodward, “we’ve got to get rid of the $19 trillion in debt … I think I could do it fairly quickly … I would say over a period of eight years.” Of course, doing so would be virtually impossible—politically, economically, and mathematically—especially given his promise not to cut Social Security and Medicare, which drove virtually the entire projected rise in debt.
Except for the fact that China is going through flickering strobe shutdowns of their major cities, and we are on the cusp of a global famine in the developing world and a fuel crisis in most of the developed world due to Russia invading Ukraine...yeah. I suppose. We are almost back to pre-COVID levels, Lafayette.
When was the last global famine?
Forty years ago China was in the middle of the world's largest famine: between the spring of 1959 and the end of 1961 some 30 million Chinese starved to death and about the same number of births were lost or postponed.
Only an idiot could believe businesses would have remained open in similar capacity in the absence of state lockdowns of dense population settings.The economic downturn was caused entirely by idiotic governments forcibly shutting down private businesses, not by covid.
What kind of alternate reality are you trying to sell?
Where does the Money Come From?
According to Education Week, public school funding comes from a variety of sources at the local, state and federal level. Approximately 48 percent of a school’s budget comes from state resources, including income taxes, sales tax, and fees. Another 44 percent is contributed locally, primarily through the property taxes of homeowners in the area. The last eight percent of the public education budget comes from federal sources, with an emphasis on grants for specific programs and services for students that need them.