U.S. war in Iran has cost $25B so far, says Pentagon official
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Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#2Wow, that's pretty cheap compared to all the AI datacenters.
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#3Wow, that's pretty cheap compared to all the AI datacenters.
Note that it doesn't count the cost of second- or third- order effects (like the cost from the price of oil going up by 50%). Since February 28, crude oil prices increases cost $42 billion in the United States alone.
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#4Does anyone have the number that would have been required to pay off all student loans that SCOTUS blocked?
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#5[flagged]
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#6Destroying the world is cheap compared to the cost to humanity.
Now they need to share the cost that we have burdened the world and ourselves with.
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#7Wow, that's pretty cheap compared to all the AI datacenters.
What was gained from it?
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#8Does anyone have the number that would have been required to pay off all student loans that SCOTUS blocked?
$400B
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#9Does anyone have the number that would have been required to pay off all student loans that SCOTUS blocked?
$400 billion
Re: U.S. war in Iran has cost $25B so far, says Pentagon official
#10Does anyone have the number that would have been required to pay off all student loans that SCOTUS blocked?
Total student loans are about $1.8 trillion. SCOTUS blocked forgiveness on $400 billion of that.
Trump-led tax cut policies reduced revenues by ~$1.5 trillion in his first term, and ~$5 trillion in his second term. $800B of PPP loans were forgiven. The oft-cited ICE and CBP budget increases were about $140 billion.
I can't find many other policies championed by Trump that accounted for increases >$200B in increased spending. As a result, there's not really any good 1:1 "Trump is willing to spend $400B on $X but not student loans". Most of his national debt impact has been via tax cuts rather than spending. Where spending did increase in large amounts, it was mostly for the Pentagon, and some % of those increases likely would have occurred under any other administration - so it's hard for me to carve out what Pentagon budget increases were due to his policies vs. the base-case for how much they would have increased otherwise.