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pirate787

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Krugman so badly wants this to be true. But handwaving away massive difference in IT innovation and in practical data like housing size and vastly greater American consumption does not make it true. Just 20% of European homes even have air conditioning. European industrial energy costs are more than 2x the U.S. Don't ignore the data. Europe is behind and falling behind at an ever-faster clip. And the strategic issues of continued vast unskilled migration into Europe and the need to re-arm in a post-NATO world are further economic burdens that will tip most of Europe into middle-income status.

Piketty is just a marxist flailing around, backfilling data to fit his belief that communism is the solution for every problem. He's been spectacularly wrong in his predictions so far, for example he said Milei would be "devastating" for Argentina and the opposite is the case.

EFF is leaving X 3 months ago

Part of the replacement is declaring white Americans don't have a culture. Would you say the same about black Americans?

The center has already shifted to Musk, SpaceX is 83% of global lift capacity. Artemis is flying an obsolete rocket at insane cost, and higher risk.

Maybe more people should listen to Musk's political message. The Biden Administration was playing nasty games, blocking progress on both SpaceX and AI generally.

Your take is a call for civil war. You're obviously wrong about "treason" since even larger majorities voted for Trump in 2024.

The intergovernmental holdings are accounting placeholders representing the Congressional raid on past Social Security surpluses. It's absolutely meaningful because those obligations are coming due as the program runs increasingly in the red. As legal obligations, they aren't binding the way public debt is, but current Social Security retirees have been promised these funds, and the government is already borrowing more from capital markets to meet these obligations. The current pace is $4.1 trillion in new borrowing by 2033 according to the Congressional Budget Office.

Basically the intergovernmental holdings are getting converted to more public debt.

https://www.ssa.gov/oact/trsum/

https://www.cato.org/policy-analysis/social-security-trust-f...