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Cake day: June 30th, 2023

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  • Ah yes, the west. The monolithic political entity that definitely involves nobody who is critical of Donald Trump’s ravings. Trump and his sycophants have no place to criticize thanks to his words and actions. Anybody who gets behind his proposed annexations has no place to criticize. But there’s a lot of daylight between those groups and the entirety of “the west”, both within and without the US. If Brazil or South Africa want to criticize Trump’s annexation threats, their involvement in BRICS wouldn’t invalidate that criticism so long as they are also willing to criticize the threatening words and actions of Jinping and Putin. The world is not (yet) composed of 1984-esque political monoliths, and there is no need to voluntarily give up that heterogeneity in order to silence criticism of aggressive and threatening geopolitics






  • It’s maybe worth pointing out that the analysis covers 10 years and appears to account for $0 in GDP growth (and corresponding tax base growth) dependent on those policies. If I’m reading this correctly (big if to be fair): Assuming the government continues to capture 17.5% of US GDP, Harris’ policies would need to generate roughly 4% GDP growth per year (no small feat, granted) to be net zero relative to absolute debt levels and less than that to be net zero relative to debt as a percentage of GDP. Government expenditure is not like consumer spending because almost every dollar it spends looks less like consumption and more like an investment, and leveraging investments is actually a valid strategy, especially when you have the economic momentum/inertia of a nation state to balance the risks involved with debt, and that is before you even get into fiscal monetary policy