3 ms·
Yes and it is fine. That’s a scary number with zero context, but given the borrowing rate and the investments we’re making in future GDP, this is good borrowing
by tyre 2y ago
Yes and it is fine. That’s a scary number with zero context, but given the borrowing rate and the investments we’re making in future GDP, this is good borrowing!
it isn’t good when a group of people tries to destroy the entity that’s making those investments. These shitheads are basically corporate raiders coming in to tear things apart for personal gain.
Ironically, it is the “fiscally responsible”, “WhY nOt RuN gOvErNmEnT lIkE a BuSiNeSs” gang who want to destroy any fiscally responsible investment.
If they want to reduce spending meaningfully, they need to cut defense, social security, and Medicare. They won’t, because it’s political suicide.
- schnable 2y agoWhich investments in future GDP do you mean?
- gotoeleven 2y agoThe billions of dollars for 8 EV charging stations. That kind of investment.
- Bhilai 2y agoProvably false, if you bother to get out of your echo chamber https://www.reuters.com/fact-check/pete-buttigieg-did-not-spend-75-billion-build-8-ev-charging-stations-2024-12-13/ https://www.reuters.com/fact-check/pete-buttigieg-did-not-sp...
- FergusArgyll 2y agoI'm curious if you read the fact check? The most charitable interpretation is 243 Chargers. According to the AP[0] it's 214 [0] https://apnews.com/article/fact-check-electric-vehicle-charging-stations-75-billion-buttigieg-1ddcd6ee193fc1847e5401c95c016ec3 https://apnews.com/article/fact-check-electric-vehicle-charg...
- magicalist 2y agoI think it's the price per charger that's the important value here, and the original claim "billions of dollars for 8 EV charging stations" is indeed provably false (even if you amend it to 243 or 214 EV charging stations). The money hasn't been spent yet.
- ceejayoz 2y agoThis is like building a computer, getting it mostly done, and declaring it useless because it doesn’t turn on yet. Or complaining the Manhattan Project had produced zero nukes by early 1945. It’s a decade long project, with phases and 50 different state governments doing the actual contracting. The Fed side is mostly funding and establishing the Tesla charger as the national standard - which required quite a bit of diplomacy to get all the car manufacturers onboard.
- renewiltord 2y agoIt is somewhat amusing timeline wise as a choice since the Manhattan Project ran from 1942 to 1946: Jan 1942: Roosevelt authorizes the atomic bomb Jul 1945 (55 months later): Trinity Aug 1945 (56 months later): Little Boy By comparison: Nov 2021: IRA becomes law Feb 2025 (40 months later): <250 charging points But this would take 120 months to complete. What an interesting comparison.
- ceejayoz 2y ago“Things happen fast in wartime” is perhaps not the novel discovery you think it is. Zero bombs in early 1945. What a waste of money!
- renewiltord 2y agoAh, so if they had the extra year they would have had charging stations everywhere. What a pity. All that money wasted because we didn't wait till August. They invented a novel weapon in half the time your heroes dreamed of building a charging station.
- thecopy 2y agoEducation, health, infrastrucure, science.
- Acrobatic_Road 2y agoMost government spending is just keeping old people alive and happy, and paying the interest on debt. Say what you want about, but its not an investment in the future.