They flicked us all 600$ and sent the other 700 billion to special interests, gender studies in Pakistan, and other foreign countries. It's an absolute joke and it isn't about left and right because both parties voted for it and even AOC didn't like it (still voted for it though fucking fraud). They're tossing most our taxpayer money to BS and then giving a measly 600$ for an economic crisis that THEY created.
An omnibus government funding bill needed to prevent a shutdown has been repeatedly delayed over a number of issues, the most significant being an agreement on covid relief.On Friday, mere hours away from a government shutdown, lawmakers passed a 48-hour continuing resolution to keep the government funded and make room for further negotiations over the weekend. That deadline expires tonight.they have just hours to pass the sweeping spending package through both the House and Senate – where the objection of a single senator could delay the vote past the midnight deadline.
It was either pass this bill or face a government shutdown that would hurt even more americans during a time they need the most help.
Yes, 600$ is not enough. It's an insult and slap to the face, but at this point voting no after having learned the amount- and knowing that a No vote could delay deadlines would have caused a shutdown. No one wanted to be that Asshole. Not even AOC.
I don't know if I'd call her a fraud, I know that this was spurred on by the petulant manchild that's still in office.
inb4:urasimp
Study Finds National Debt ‘Tipping Point’ That Slows Economic Growth
Researchers from North Carolina State University have identified a “tipping point” for national debt – the point at which national debt levels begin to have an adverse effect on economic growth. The findings could influence economic policy discussions globally, and will be distributed at the upcoming meeting of the International Monetary Fund (IMF) and World Bank Group.
“If a country’s public debt reaches 77 percent of its gross domestic product (GDP), bad things start to happen,” says Dr. Mehmet Caner, professor of economics at NC State and co-author of the study. “There is a tipping point for national debt, and if you exceed that point the amount of debt will have a linear relationship to declines in economic growth. The more debt you have, the slower your GDP will grow.
“For example,” Caner says, “if a country’s GDP is growing at a rate of three percent annually, and it increases its debt from 80 percent to 90 percent, its economic growth will shrink the following year to 2.8 percent.”
However, the researchers say it is important to note that the tipping point – a debt level of 77 percent or more – was developed based on an analysis of the debt of 100 countries over 30 years. “That tipping point could be higher or lower for any specific nation, based on the nation’s wealth,” says Tom Grennes, a professor of economics at NC State and co-author of the study. For example, the researchers found that countries with emerging economies and lower per-capita incomes, such as China and Guatemala, had a tipping point of 64 percent. That means those countries can sustain less debt before it begins to curtail their economic growth.
“The United States has not exceeded the tipping point yet,” Grennes says. “During our sample period of 1980-2008, U.S. debt was 61 percent of GDP. But we do need to think about this as we move forward, and this research will help national and international leaders make informed, long-term economic decisions.”
Caner agrees, saying, “You do not want to pile on the debt forever. Some debt can be good – if you start at a low level of debt and increase it slightly, there is a positive effect on GDP growth. But you do not want to exceed the threshold of 77 percent for an extended period of time.”
The paper being described: “Finding the Tipping Point—When Sovereign Debt Turns Bad”
An omnibus government funding bill needed to prevent a shutdown has been repeatedly delayed over a number of issues, the most significant being an agreement on covid relief.On Friday, mere hours away from a government shutdown, lawmakers passed a 48-hour continuing resolution to keep the government funded and make room for further negotiations over the weekend. That deadline expires tonight.they have just hours to pass the sweeping spending package through both the House and Senate – where the objection of a single senator could delay the vote past the midnight deadline.It was either pass this bill or face a government shutdown that would hurt even more americans during a time they need the most help.
Yes, 600$ is not enough. It's an insult and slap to the face, but at this point voting no after having learned the amount- and knowing that a No vote could delay deadlines would have caused a shutdown. No one wanted to be that Asshole. Not even AOC.
I don't know if I'd call her a fraud, I know that this was spurred on by the petulant manchild that's still in office.
inb4:urasimp
Tsk tsk Alena.
They flicked us all 600$ and sent the other 700 billion to special interests, gender studies in Pakistan, and other foreign countries. It's an absolute joke and it isn't about left and right because both parties voted for it and even AOC didn't like it (still voted for it though fucking fraud). They're tossing most our taxpayer money to BS and then giving a measly 600$ for an economic crisis that THEY created.
While they're confident to have the White house back, the Democrats are already preparing to rob the US as they've been doing for decades.
An omnibus government funding bill needed to prevent a shutdown has been repeatedly delayed over a number of issues, the most significant being an agreement on covid relief.On Friday, mere hours away from a government shutdown, lawmakers passed a 48-hour continuing resolution to keep the government funded and make room for further negotiations over the weekend. That deadline expires tonight.they have just hours to pass the sweeping spending package through both the House and Senate – where the objection of a single senator could delay the vote past the midnight deadline.It was either pass this bill or face a government shutdown that would hurt even more americans during a time they need the most help.
Yes, 600$ is not enough. It's an insult and slap to the face, but at this point voting no after having learned the amount- and knowing that a No vote could delay deadlines would have caused a shutdown. No one wanted to be that Asshole. Not even AOC.
I don't know if I'd call her a fraud, I know that this was spurred on by the petulant manchild that's still in office.
inb4:urasimp
Tsk tsk Alena.
Suck my dick Tony
