Balkinization: What the Administration’s SNAP Freeze Teaches Us share.google/PSeuJtcugMGO...
Balkinization: What the Administration’s SNAP Freeze Teaches Us share.google/PSeuJtcugMGO...
Little to nothing should be read into this ruling for how SCOTUS might ultimately rule on SNAP—either way.
The First Circuit denied an administrative stay, but has not yet ruled on the stay request. And, CNN reported that USDA is already processing payments.
DOJ went to SCOTUS anyway.
The point is that bilateral imbalances are largely irrelevant. It is the growing US trade deficit, not the declining bilateral deficit with China, that determines the extent to which growing Chinese trade surpluses can be absorbed by the rest of the world.
apnews.com/article/arti...
It's best to remain skeptical. China's over-reliance on investment and exports to power the economy sustainably reached its limit many years ago, with the imbalance showing up as one of the fastest increases in a country's debt burden in history.
By my calculation it is actually a little more (4.27%), but the important point is that for a large economy to be able to determine with precision next year's GDP growth, let alone GDP growth for the next ten years, requires that it not to recognize investment losses.
But if you'd rather think I'm just making Trump's point...well, whatever helps you cope.
Who is this *public* you speak of? Wouldn't the left be a subset of it?
This feels like the current Trump regime's feelings that Democrats aren't real Americans.
But pointing out the voters principles weren't what changed, it was the party that broke their pledge to them, works.