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Don’t believe the fake news

But here's the reality: the CDC's budget is now more than 7 percent larger than it was under President Obama's last two budgets. That is, the actual enacted program budgets for the CDC in 2016 and 2017 were both under $7.2 billion, but for 2020 the budget Congress adopted for it is nearly $7.7 billion.

So when bullshiters tell you the budget was cut just laugh.

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Neoerectus · M

The real risk is all the global debt in hundreds of trillions.

We need to let zombie companies fail to bring reality back... new more efficient companies will come in from the ashes. We should have never perpetuated and increased the various bubbles.

It will come home to roost. Printing press money can lead to hyperinflation.

Sometimes the best solution is to grin and bear deep recessions to avoid a Depression. Govt needs to rein in the over priced costs to services it contracts... ie military spending. Bloated and convoluted so much so they cannot even be audited fully.

swirlie · 31-35, F

@Neoerectus
Printing press money can lead to hyperinflation.
[c=#008099]
Printing money to fund whatever initiative a country has need of more money for, is actually part of the definition of hyperinflation.

It's not that printing more money 'might' lead to hyperinflation, its actually that the printing of money is product of hyperinflation.

Printing money however, is always the very first sign that the leading edge of hyperinflation is already upon us, which technically means that if money is already being printed to cover the contingency of a major event that is already in progress, that also means that hyperinflation within that country has already started.

Last Friday, the US Federal Reserve declared that printed money will be required to write the checks proposed in the 2 Trillion US Dollar stimulus package, because none of that money is actually available in the United States. This is because the United States has been financially bankrupt ever since the American-led financial meltdown of 2008 from which the country has never recovered.

The United States therefore, officially entered a state of hyperinflation as of the end of last week. The tsunami effect of hyperinflation will follow just as soon as the CDC declares an 'all clear' on the front line and everyone comes out of hiding and goes back to work. At that point, interest rates will skyrocket like they did in the early 1980's and the cost of goods already in short supply will go through the roof with hyper inflated price tags attached.[/c]

Neoerectus · M

@swirlie Unfortunately, with global debt in hundreds of trillions, this means the world as a whole is in deep doo-doo.

Negative interest rates on sovereign debt is not a great thing. We will be experience a major readjustment in the coming years. World won't end, but it will get tougher for vast majority for a while.

Don't be surprised if nations "nationalize" and "erase" (basically default) their debt and weather 20 to 30 pariah years just to get through it faster...

swirlie · 31-35, F

@Neoerectus
[c=#008099]
I agree 100% with you. You make excellent points.[/c]

SomeMichGuy · M

I looked at the CDC's budget request factsheet here: https://www.cdc.gov/budget/documents/fy2020/cdc-overview-factsheet.pdf

Before whatever additional money was approved during the pandemic funding, this doc shows declining funding

FY 2018 7.825 G$
FY 2019 7.283 G$
FY 2020 6.594 G$ [but bar graph shows 6.531 G$?]

with the lattermost number being in the request submitted by Trump in his budget proposal which begins the budget process.

AnneHoney · 36-40, F

Their budget went up every year. Stop misrepresenting by talking about initial proposals.@SomeMichGuy

SW-User

So true. And so tired of the fake news...

swirlie · 31-35, F

[c=#008099]
It doesn't really matter whether the budget is bullshit or not, the truth remains that the US economy, not the world economy, is sliding down an ice-covered hill with the brakes locked up tight and no amount of creative stimulus packaging will ever alter that American-made trajectory of itself.

The reason this is so, is because only yesterday, March 24th, the US Federal Reserve announced publicly that it will start printing more money to cover any financial shortfalls encountered within the detailing of any forthcoming budget involving the CDC.[/c]

View 9 more replies »

swirlie · 31-35, F

@AnneHoney
[c=#008099]
Hundreds of hours of Economics classes taught you that? Wow, impressive![/c]

AnneHoney · 36-40, F

@swirlie at least I learned not to act like an asshole which you never learned.

swirlie · 31-35, F

@AnneHoney
[c=#008099]
Well, actually AnneHoney, you've obviously never missed a single asshole class yourself, despite those hundreds of hours of Economics lessons that were imparted to you! Don't know how you managed to fit that all in! [/c]

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