I find it remarkable that Science Twitter isn’t in absolute panic over the likely capitulation by the Biden administration* to House Republicans regarding the debt ceiling. If Republicans get their way, we’re looking at 22 percent cuts in all non-military, non-Social Security spending (and a couple of other programs)–and that’s if the cuts are equally distributed. If science gets hit worse, it will be really awful. Between these likely cuts and the pandemic, there’s a just-beginning cohort of researchers that is going to be obliterated.
So, if you’re a scientist (or care about science funding), you give a shit about your colleagues, and you have Congressional representation (unlike us denizens of the mainland colony known as the District of Columbia), you might want to make some calls. Or not.
*Biden has two obvious options: mint the platinum coin or declare that his obligations under the 14th Amendment supersede the debt ceiling legislation. But he’s a New Democrat, so he’s probably going to go Full Chickenshit–that’s what they do (and some in the administration probably want austerity policies). Biden should embrace his Inner Dark Brandon, and not only mint the coin, but wear it around his neck on a big ass chain, motherfucker.
Pingback: Links 5/21/2023 | naked capitalism - European Football Weekends
Pingback: Connections 05/21/2023 | naked capitalism - MEDIA PILOT
Pingback: Links 5/21/2023 | naked capitalism - Missouri Digital News
Pingback: Links 05/21/2023 | naked capitalism - Cafe Blouberg News
Pingback: Hyperlinks 05/21/2023 | bare capitalism - Citizen Tap
Pingback: Links 5/21/2023 | naked capitalism - Minnesota Digital News
Pingback: الروابط 21/5/2023 | رأسمالية عارية - LiFi NEWS
Pingback: Hyperlinks 5/21/2023 | bare capitalism – tnhornnews
Pingback: Links 5/21/2023 | naked capitalism - The World News Papers
Pingback: Links 5/21/2023 | naked capitalism - Rodina News
Pingback: Liens 21/05/2023 | capitalisme nu – SHINY NEWS
There’s a third option available to Treasury. They can issue ‘Peter Pan’ bonds, so called because they never mature. Someone give the USG $1M and gets some rate of return (5%) in perpetuity. The USG never has to return the principal and so it is not regarded as a liability or adds to the debt.
Pingback: Links 05/21/2023 | naked capitalism - JanPost
Pingback: Links 5/21/2023 | naked capitalism - Current Time News
Pingback: Links 5/21/2023 | naked capitalism - Montana Digital News
Pingback: Links 5/21/2023 | naked capitalism | newssplace
Pingback: Links 5/21/2023 | naked capitalism - South Dakota Digital News
Pingback: Links 05/21/2023 | naked capitalism - Gnews pub
Pingback: Links 5/21/2023 | naked capitalism - Newmexico Digital News
Pingback: Collegamenti 21/05/2023 | capitalismo nudo - Darios Cafe Blogs
Pingback: Hyperlinks 05/21/2023 | naked capitalism - LOCAL BULLETINS
Pingback: Links 5/21/2023 | naked capitalism - Vermont Digital News
Pingback: Links 5/21/2023 | naked capitalism - Wisconsin Digital News
Pingback: Hyperlinks 5/21/2023 | bare capitalism – Trader Effect
Pingback: Hyperlinks 5/21/2023 | bare capitalism - Jowro
Pingback: Links 5/21/2023 | naked capitalism - utahdigitalnews.com
Pingback: Hyperlinks 5/21/2023 | bare capitalism - The Owl Report
Pingback: Links 05/21/2023 | naked capitalism - News Digest Blog