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This is pretty scary stuff.
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TheSadTruth💙 @ReportsDaNews
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Worth noting that we do spend a lot more on the sick and the poor than on defense.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEmE1d7VIAAZ5-v.png)
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Bernie Sanders @SenSanders
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Yes, the child care part of BBB is kind of a sham. Could drop it and be fine, TBH.
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Matt Bruenig @MattBruenig
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@Noahpinion @OrenSMizr Here's total government spending on education (in blue) versus federal spending on national defense (in red) in 2020 dollars.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEmh6RUWQAYej6W.jpg)
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80% of voters choose the most policy proximate candidate. They are especially responsive to perceived candidate positions on issues they rate extremely important
#polisciresearch
sciencedirect.com/science/articl…
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Looking forward to editing Alan's rants about the high cost of child care in a few months. (Congrats Alan!)
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Alan Cole @AlanMCole
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I love to see Democrats re-learning some basic populism https://t.co/4IrRZ4z0gU
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Elizabeth Warren @SenWarren
![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
China is facing four big economic shocks now:
1. A real estate crash
2. Covid
3. Supply chain woes
4. Xi's industrial crackdowns
Fear of war could be a fifth...
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Noah Smith 🐇 @Noahpinion
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Remember that China has less than 30% of U.S. per capita GDP (PPP), and only about 40% of South Korea or Japan.
If China's catch-up stalls out before it's even half as rich as its developed neighbors, that's a fairly poor showing for its economic model.
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5464e508-3dae-4b4c-a371-85e99b62fb62_1200x621.png)
![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
Also, that's per capita. Remember that China's population is either already falling or about to start falling next year. The working-age population has been falling since 2012, its fertility rate is 1.3, and the country's median age now exceeds the U.S.
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And here I was thinking I was being so thrifty with a $80 bottle of wine https://t.co/N3lXJx5WKg
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MarketWatch @MarketWatch
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This is a bit like saying that the point of fire trucks is to flood your house.
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Sam Adler-Bell @SamAdlerBell