cross-posted from: lemmy.world/post/44453258
This is a really huge amount of money, FYI. Itemization of it isn’t yet available until it gets to congress, but some estimates of $30B-$50B are for “regional/global needs” that are essentially repairs/reconstruction of previous capabilities now lost. If your loving congresscritters don’t pay, then China will take over GCC. ROC/Japan allotments are unlikely to be prioritized, but then likely to leave US orbit. China has seriousfaced offered Taiwan peaceful reunification in exchange for some sweet LNG.
humanspiral@lemmy.ca 54 minutes ago
And I thought the US was a $200B damage hurricane away from debt collapse
Viking_Hippie@lemmy.dbzer0.com 47 minutes ago
Nah, as long as the dollar is the world’s reserve currency and the government is a net positive for the bank accounts of the world’s billionaires and multinational corporations, it’ll be held up as per the “too big to fail” policy no matter the amount of debt.
The moment that either or both of those things stop being true (which used to be beyond impossible, but now could be just a year or two away), it could make 1930 seem like a boom year.