Reply to Jobs/Industries Not Affected

Forum Index » Jobs and Careers

Reply to "Jobs/Industries Not Affected "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Even nurses could be affected. Half of all nursing care in the US is paid for by Medicaid. If Medicaid is slashed, undoubtedly many nurses will lose their jobs.[/quote]

Really?[/quote]

medicare/medicaid. But the R budget plan is to cut nearly 1 *trillion* from medicare/medicaid. There are going to be even more hospital and nursing home closures, especially in rural areas.

Our whole economy ultimately rests on the velocity of money. If it's circulating, wobbles can be dealt with. When it's circulated through the working class, most of it goes straight back into the economy: where an NIH grant funds a research department at a university, that in turn employs a few dozen people in research and computing and admin and post-docs and building services, who then go home and buy groceries and pay dog walkers and babysitters and hair stylists and bartenders, who themselves go home and spend money on doordash and peloton and meal prep and pizza and everyone buys stuff from target and walmart and amazon.... you circulate that money into a billionaires bank account, and that's basically where it stays.

so yeah, sure, you "saved" the federal government $5 million by axing that grant. In return you 1) trashed the research, and then 2) probably eliminated $15 million in economic output, and then those people don't have income to pay taxes on either. Cancelled grant by grant, contract by contract-- all originally voted on and authorized and directed by congress, btw-- that cascades into a recession. Then all those people start spending as little as possible, and stop paying the mortgage or rent, and try to take cash out of the bank, cash the banks don't actually have on hand because they lend all they have on the books, and then you have a banking crisis. Oh, and you add tariffs for the raw materials like steel and timber and plastic and everything gets more expensive, and what manufacturing we do have collapses because no one is buying.

anyway. yeah, just like covid. so just like you could see the dire economic consequences of covid in NYC's chinatown in late january 2020, and the freezer trucks of dead people in March, and rump declared that it would be over by Easter-- instead, it just kept rippling outward. Just because this is hitting DC first doesn't mean it's not going to get to the rest of the country. 85% of federal workers are outside the DC-baltimore-nova corridor. And to be clear, the billionaires WANT the dollar to collapse, temporarily. Musk told you it's going to happen. They want housing to collapse. They'll be able to buy it all up for cheap. And no one will have advance warnings of bird flu, or hurricanes, or tornadoes, because the NIH and CDC and FEMA and NOAA will have all been neutered.

Enjoy.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics