Macro Perspective - Wealth Transfer, First Abusers - TY for RuinOur collective (us) environment is one of complete and total absurdity.
It pre-dates Andrew Jackson's closure of the 2nd Bank of the United States,
Were one, and only one chart to illustrate our Circumstance fellow Humans,
it is above.
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In Fiscal Year 2020, federal spending was equal to 31% of the total
gross domestic product (GDP), or economic activity, of the United States
that year ($21.00 Trillion - the Equities Complex accounting for an outsized
percentage of this figure.)
Government spending = $3 out of every $10 of the goods produced and services
provided in the United States.
To date during 2021, the federal government is projected to spend $6.8 trillion.
Far higher than even last year.
Projected Revenues = $3.8 Trillion.
The CBOE projects -$51.3 Trillion into 2031.
David Stockman's tears in his Ice Cream... not in question as he warned then
President Reagan (Deeply Disturbed by Circumstance then, enough to form a
Council of Economic Advisors on GOLD and restoring it's Monetary Tier 1 abilities
to the Public Domain via the US Treasury. Ron Paul was a lead Advisor.)
Reagan tried and failed.
Then, under Reagan - We crossed $1 Trillion - which, at this time was an absurd
dislocation. Fast forward 38 years after Stars Wars opened the MIS/MID to their
own Punch Bowl which has been topped off every year since.
On the Public side of the proletariat... us plebes... we have gotten the velvet
glove for 4 decades, the Iron Fist is subtle, yet effective. It prefers the shadows.
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Stimmy for Jimmies/Timmies/Ollies/Gollies - The New, New Deal
CARES ACT
$367 billion loan and grant program for small businesses
Expansion of unemployment benefits to include benefits increased by $600 per week for a period of four months
Direct payments to families of $1,200 per adult and $500 per child for households making up to $75,000
Over $130 billion in grants to hospitals, health care systems, and providers
$500 billion fund for loans to corporate America
Cash grants of $25 billion for airlines (in addition to loans), $4 billion for air cargo carriers, $3 billion for airline contractors to support payroll
A ban on stock buybacks for large companies receiving government loans during the term of their assistance plus one year
$150 billion in loans to state and local governments.
HEROES ACT
$1.13 trillion of emergency supplemental appropriations to federal agencies,
assistance to governments at the state, local, tribal, and territories
$485 billion in safety net spending, expansion of unemployment benefits,
increased Supplemental Nutrition Assistance Program (SNAP) benefits,
increased funding utilities payments and job training for low-income individuals
and a 25% increase in aid to disabled veterans
$435 billion for additional rebates, which would include an additional
$1200 stimulus check per individual.
$382 billion for health care
$290 billion to support small businesses and employee retention,
modifications to the Paycheck Protection Program.
$290 billion to reduce income taxes
$191 billion for student loan relief
$202 billion for housing-related costs and expenses
$190 billion for hazard pay for essential workers
$32 billion for communication systems
$48 billion for pensions and retirement relief
$31 billion for agricultural spending,
$254 billion for a limited business loss deductions
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Conclusions - to be continued
