Re:Volunteer DEF CON hackers dive into America's leaky water...
by chc4 on Sunday November 24, 2024 @01:55PM
(#42229606)
CHIPS was signed into law in August 2022. The yearly inflation rate for 2023 was 4.12%. Inflation, especially in the wake of the COVID-19 pandemic, was caused by an extremely large amount of different issues and chalking 9% inflation up to infrastructure spending is a wild jump.
Re:Volunteer DEF CON hackers dive into America's leaky water...
by righthand on Sunday November 24, 2024 @02:58PM
(#42230031)
Good thing I didn’t chalk up infrastructure spending as the only cause by stating “part”.
> but also was a part of the 9% inflation
Yes there are other reasons, COVID payments being another reason, which citizens were warned about. The first payment was signed by Donald Trump himself. Any time there is an increase in spending it will cause inflation. Increasing defense spending is another cause which happens yearly.
Re:Volunteer DEF CON hackers dive into America's leaky water...
by jeffbee on Sunday November 24, 2024 @03:08PM
(#42230105)
Did CHIPS and stimulus checks also cause inflation in Germany, Italy, France, Japan, Canada in Britain? Asking because they all had higher inflation that US.
Re:Volunteer DEF CON hackers dive into America's leaky water...
by righthand on Sunday November 24, 2024 @04:59PM
(#42231003)
The pandemic caused global inflation. I don’t know why you’d insinuate increased spending in America directly correlates with increased spending in Europe. I’m not sure what point you’re trying to make either.
Re:Volunteer DEF CON hackers dive into America's leaky water...
by mxuribe on Sunday November 24, 2024 @04:31PM
(#42230803)
Yeah, by no means do i believe that infra.-related topics are easy nor cheap nor fast to resolve...in fact, i believe them to be some of the most diffult and/or complex for myriad reasons...I'm just venting i guess because its more a matter of poor decisions made over time, rather than what is actually and technically possible in our society. But, yeah, passing the buck seems to be what happens, and to our greater detriment.
Properly fixing infrastructure has become expensive as construction costs have skyrocketed in the last few decades.
Look at the CHIPS bill, huge infrastructure gain but also was a part of the 9% inflation because building this infrastructure is expensive. The American people were warned about it causing inflation but wanted it anyways. When inflation hit they all conveniently forgot the cost of new infrastructure in the US and chose to cling to lies about how disastrous the last 4 years have been.
That is why today no one does anything about problems until a bridge collapses. You can make more money today by passing the buck to the next generation and passing blame to whoever came before you.