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Politics & Religion / Fundraising Record
« Last post by Body-by-Guinness on May 31, 2024, 05:42:32 PM »
$34 million collected post-conviction. Biden collected $26 million in a day hosting a star studded gala last March:

https://pjmedia.com/matt-margolis/2024/05/31/donald-trump-raises-a-jaw-dropping-amount-of-campaign-cash-after-bogus-verdict-n4929505
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Politics & Religion / Biggest Political Mistake Evah
« Last post by Body-by-Guinness on May 31, 2024, 05:11:41 PM »
Scott Adams

Democrats solved Trump’s biggest political problems.
They proved the legal system can completely control him. No dictator risk.
They proved there is no secret MAGA army waiting to be activated. (You would have heard from them by now.)
And best of all, they generated massive empathy for Trump. “If they can do it to me…” is powerful.
Trump’s campaign funding is solved.
Republican animal spirits have never been higher.
This is the biggest political mistake in American history.

BBG here: If Biden or his handlers understood what they unleashed they’d pardon Trump, state indeed the courts should not be used to decide elections, and vow to henceforth advocate for the Democratic Party to take the high moral road (with their fingers crossed behind their backs, of course). Fortunately “Progressive” stalwarts would have collective kittens before committing sepbuku at a White House gate were that to occur, so no worries there.
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Politics & Religion / Deficit Spending’s Impact on Health Care
« Last post by Body-by-Guinness on May 31, 2024, 04:44:14 PM »
Keep spending money you don’t have and soon you have to use money you do have to pay the interest on the money you didn’t have and hence borrowed. Keep on borrowing and eventually the money you do have services interest, elbowing aside other needs, like the health care you’ve promised to provide retirees et al:

The National Debt Is Becoming a Public Health Threat
The Beacon / by Craig Eyermann / May 31, 2024 at 5:23 PM
Over the past three years, the amount of interest the U.S. government has to pay on the national debt has become the fastest-growing category of government spending. It was already the second-largest government expenditure in 2024 and will soon become the largest.

The Committee for a Responsible Federal Budget (CRFB) estimates that the growing burden of the interest paid on the national debt will account for 21% of the total expected growth in government spending over the next ten years.

The cost of paying interest on the national debt is not the only contributor to the growth of future government spending. The CFRB also projects that Medicare and other healthcare spending will account for 35% of the increase in the U.S. government’s spending growth. Social Security will account for another 28% of the anticipated increase. “Everything else” accounts for 16% of the projected government spending growth.

A public health problem

The very rapid growth of how much the U.S. government pays to borrow money to support its spending imposes more than a fiscal burden on Americans. It threatens their health.

In a recent article, the American Council on Science and Health’s Alex Berezow makes that argument, calling the U.S. national debt a “public health threat.” Here’s the crux of how he arrived at that position:

Though the national debt feels like an abstract academic concept, it isn’t. The debt itself can wreak economic havoc, a phenomenon known as “crowding out.” When the government needs to borrow money, it often gets that money from investors (in the form of government bonds like 10-year Treasury notes). But investor money is not unlimited. Other entities, like established businesses and startups, also need investor money. Competition for this money drives up the cost of borrowing that money—the interest rate. So, the more the government borrows, the higher the interest rate for everyone.

Simultaneously, every dollar invested in government debt is a dollar that cannot be invested elsewhere. That means businesses that need to borrow substantial amounts of money to finance major projects like expansion or research cannot do so because the borrowing costs are too high.

And that is precisely why the national debt is a public health threat. Biotech companies and the venture capitalists who invest in them are having difficulty raising money, and layoffs are plaguing the industry. Even large pharmaceutical companies, which many assume are swimming in cash, are cutting back. Bristol Myers Squibb is set to lay off about 6% of its workforce, some 2200 people.

To be sure, the national debt affects all industries, and the troubles facing the biotech and pharma industries cannot solely or even largely be blamed on the national debt. It is simply one factor among many. But it is a factor that the government can control—but chooses not to.

Over the next decade, 84% of the growth in federal government spending will be due to healthcare, Social Security, and interest payments. Without serious reform, the government will need to borrow yet more money to pay for these increased costs, exacerbating the aforementioned issues. Combined, this threatens to underfund basic services like Medicare as well as health innovation in America. Money problems inevitably lead to health problems.

A more direct way that burden will be imposed is through cuts to big government health care programs, like Medicare Advantage. The Biden administration is pushing through cuts to the popular program’s benefits that half of American seniors use for their health care. Those Americans will now face higher out-of-pocket costs because the government can’t afford to pay both public health benefits and the interest it owes to its creditors.

It’s important to recognize that politicians and bureaucrats have absolute control over how much money the U.S. government spends. Politicians are responsible for approving excessive spending that adds to the national debt. Bureaucrats are responsible for managing that spending, and their failure to do so prudently adds to the burden of the national debt.

Since the government can’t skip paying its creditors without defaulting on the national debt, more cuts to public health programs can be expected. What the Biden administration is doing with its cuts to Medicare is just the beginning.

The post The National Debt Is Becoming a Public Health Threat appeared first on The Beacon.

https://blog.independent.org/2024/05/31/national-debt-public-health-threat/?utm_source=rss&utm_medium=rss&utm_campaign=national-debt-public-health-threat
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Politics & Religion / Silent Springing in the Philippines
« Last post by Body-by-Guinness on May 31, 2024, 02:56:56 PM »
Citing worry about heirloom strains, Greenpeace blocks use of “Golden Rice,” a hybrid containing high levels of vitamin A, something lacking in the diets of many Philippine children:

A catastrophe’: Greenpeace blocks planting of ‘lifesaving’ Golden Rice
Thousands of children could die after court backs campaign group over GM crop in Philippines, scientists warn
Robin McKie Science editor
Sat 25 May 2024 09.00 EDT
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Scientists have warned that a court decision to block the growing of the genetically modified (GM) crop Golden Rice in the Philippines could have catastrophic consequences. Tens of thousands of children could die in the wake of the ruling, they argue.

The Philippines had become the first country – in 2021 – to approve the commercial cultivation of Golden Rice, which was developed to combat vitamin A deficiency, a major cause of disability and death among children in many parts of the world.

But campaigns by Greenpeace and local farmers last month persuaded the country’s court of appeal to overturn that approval and to revoke this. The groups had argued that Golden Rice had not been shown to be safe and the claim was backed by the court, a decision that was hailed as “a monumental win” by Greenpeace.

Many scientists, however, say there is no evidence that Golden Rice is in any way dangerous. More to the point, they argue that it is a lifesaver.

“The court’s decision is a catastrophe,” said Professor Matin Qaim, of Bonn University, and a member of the Golden Rice Humanitarian Board, which promotes the introduction of the crop. “It goes completely against the science, which has found no evidence of any risk associated with Golden Rice, and will result in thousands and thousands of children dying.”

The decision is to be challenged by the Philippines government and agriculture experts say it is likely it will be overturned some time in the near future. But the setback is still likely to have profound impacts. Other countries such as India and Bangladesh – where vitamin A deficiency is also widespread – have been considering planting Golden Rice but are now likely to be deterred.

“The situation is extremely alarming,” said Adrian Dubock, another board member. “Planting Golden Rice was not being done for profit. Nobody was trying to control what farmers grow or control what people eat. It was being done to save lives.”

Vitamin A is found in most foods in the west but in developing countries it is conspicuously lacking in diets, a deficiency that “is associated with significant morbidity and mortality from common childhood infections, and is the world’s leading preventable cause of childhood blindness,” according to the World Health Organization. Estimates suggest it causes the deaths of more than 100,000 children a year.

As a solution, Peter Beyer, professor of cell biology at Freiburg University in Germany, and Ingo Potrykus of the Institute of Plant Sciences in Switzerland, began work in the 1990s using the new technology of genetic manipulation. They inserted genes into the DNA of normal rice to create a variant that could make beta-carotene, a rich orange-coloured pigment that is also a key precursor chemical used by the body to make vitamin A.

This is Golden Rice, which has since been shown to be an effective source of vitamin A in humans. Countries including America, Australia and New Zealand have ruled Golden Rice is safe. Yet three decades after its development it has still to be grown commercially – thanks to the green movement’s vociferous opposition to the growing of any GM crop, regardless of any potential benefit it might possess.

“Golden Rice was the first transgenic crop to be created that benefited people not companies or farmers, yet its use has been blocked from the start,” Potrykus told the Observer last week. “I am extremely worried about the decision of the Philippines court, not just for its impact on the take-up of Golden Rice but its effect on the growing of other transgenic crops.”

This view is shared by many scientists. In 2016, more than 150 Nobel laureates signed an open letter that attacked Greenpeace for campaigning against Golden Rice and other GM crops. Greenpeace had “misrepresented the risks, benefits and impacts” of genetically altered food plants, they said. “There has never been a single confirmed case of a negative health outcome for humans or animals from their consumption.”

Greenpeace remains adamant, however. “There are specific problems with Golden Rice,” said Wilhelmina Pelegrina, head of Greenpeace Philippines, last week. “Farmers who brought this case with us – along with local scientists – currently grow different varieties of rice, including high-value seeds they have worked with for generations and have control over. They’re rightly concerned that if their organic or heirloom varieties get mixed up with patented, genetically engineered rice, that could sabotage their certifications, reducing their market appeal and ultimately threatening their livelihoods.”

Pelegrina added that relying on a single-crop system to alleviate malnutrition reduced resilience and increased vulnerability to climate impacts – a serious problem in one of the world’s most climate-vulnerable countries. “If things don’t work out, it’s the farmer and the consumers who pick up the tab.”

There are also more practical, tried-and-tested solutions to tackle vitamin-A deficiency such as food supplementation programmes and supporting people to grow a range of crops including those rich in vitamin A, she claimed. “That should be where attention and investment is focused.”

https://www.theguardian.com/environment/article/2024/may/25/greenpeace-blocks-planting-of-lifesaving-golden-rice-philippines
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Thank you.

And what % of revenues is interest on the debt?

Roughly 1 trillion out of 27 trillion, or approaching 4% of gdp.
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Thank you.

And what % of revenues is interest on the debt?
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Using the first set of numbers, that percentage is 23%. Federal spending as a percentage of GDP.

I have no idea why numbers from different sources give different answers.

I think these were all quoted as fiscal year 2023, rear view mirror accounting. Still, some could be excellent some estimates. I suppose there's no perfect way of knowing GDP, it's always an estimate. I can't believe there's no exact way of knowing Federal spending.

One more number, Federal interest expense went up 152% under President Biden. (CTUP)
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That is helpful but two distinct numbers for Fed spending are given.

I'm on the road right now; would someone be so kind as to do the math for Fed spending as a % of GDP?
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