US Goods Inflation

[Dashinka 24,494]

8 hours ago, LIBrty4all said:

That's not whataboutism.  It's simply facts presented to show you that the US doesn't spend all that much compared to other nations.  And Biden has already promised to spend $70 BILLION less on the military than the last year under Trump, so you have that small victory in your corner.

 

Yes, the US spends a fair amount on our military, and I for one am very thankful for that.  It ensures our freedoms and our military superiority.  As a percentage of GDP, the US is # 12 in the world, as you can see from the charts in the link below. (I know @Dashinka said the US didn't crack the top 15, but in these charts, they are #12.  Unfortunately, I did not see a date on the site below, so hard to tell what year they are referring to.  In 2019/2020, the US wasn't in the top 15, as stated above.  I am sharing the chart because some people are better with pictures than numbers)

 

https://armedforces.eu/budget/ranking_percent_gross_domestic_product

 

Also bear in mind that military spending, roughly 3.1%, is only a small part of the 46% of overall government spending.

 

 

I agree that the US military spending as related to GDP is number outside the top ten (based on 2019 numbers they were 14).  What I was referring to was the military spending as a percentage of overall government spending.  Of course there are a lot of ways to look at it, but when it comes to federal spending in the US, the majority of it is mandatory spending.

 

https://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures

[Dashinka 24,494]

14 hours ago, Bug&Bug said:

I dont understand why your answer to everything is just automatic whataboutism.

 

So what? 

Interpreting your response is a 'whataboutism'?  I am not sure you know the meaning of that made up word.

[Nature Boy 2.0 8,370]

2 hours ago, Dashinka said:

Interpreting your response is a 'whataboutism'?  I am not sure you know the meaning of that made up word.

Being a language master let me translate for you. " I have no idea how to respond to indisputable truths you point out"  = Whataboutism

 

If my fiendishly clever response lettering system was not outlawed that would be D

[TBoneTX 45,288]

I think that inflation should be 40 psi in winter and 35 psi in summer.

[Nature Boy 2.0 8,370]

37 minutes ago, TBoneTX said:

I think that inflation should be 40 psi in winter and 35 psi in summer.

That was actually clever, well thought out and humorous. Begging the question? You been hacked?

[TBoneTX 45,288]

10 hours ago, Nature Boy 2.0 said:

That was actually clever, well thought out and humorous. Begging the question? You been hacked?

That was actually literate and spelled correctly, lack of the Oxford comma notwithstanding.  You been hacked?

[LIBrty4all 3,749]

Touché, Salesman

[Dashinka 24,494]

U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy

 

The numbers: Consumer prices rose sharply again in April and drove the rate of inflation to the highest level in nearly 13 years, signaling greater stress on the economy as businesses grapple with supply shortages that are raising the cost of many goods and services.

 

 

The consumer price index soared 0.8% to match the biggest monthly increase since 2009, the government said Wednesday. Economists polled by Dow Jones and The Wall Street Journal had forecast a milder 0.2% advance.

The rate of inflation over the past year jumped to 4.2% from 2.6% in the prior month — the highest level since 2008.

 

https://www.msn.com/en-us/money/markets/us-inflation-soars-in-april-to-13-year-high-cpi-shows-and-reveals-fresh-stress-on-the-economy/ar-BB1gE8ua

[Nature Boy 2.0 8,370]

thank you Biden

[TBoneTX 45,288]

Thank you for the eminently visible article headlines