Let's Spend $50 Trillion Dollars
on "I don't know.”
April 22, 2023
Dr. Robert Litterman made me laugh out loud: “Studying? Well
I was the head of risk management at Goldman Sachs…” It wasn’t germane to the
question, but he had to mention it. Then he proceeded to make a fool of
himself.
Dr. Holtz-Eskin matched him in looking foolish. Neither
could say how much world temperatures would decline if we spent $50 trillion.
The answer: perhaps not at all. “It depends on the rest of the world.”
$50 Trillion Again
Who invented this arbitrary $50 trillion ear worm?
Perhaps our grifter class has a solid plan to squander $50
trillion on themselves and their cronies.
If they are determined to do it, there must be a trade.
Haven’t figured out what it might be. Possibly investing in a grifter’s
“save-the-planet” government subsidized company.
U.S. Debt projected for 2033 is $50.7 Trillion
<The most alarming number in
Biden's Budget: Total U.S. Debt projected for 2033 is $50.7 TRILLION!!>
Nearer Term Proposed Taxes
<Q by
Senator Kennedy: Isn’t it a fact that the president’s proposed budget
proposes $4.7 trillion in new taxes?
Sec. Yellen: It does propose
significant additional taxes, yes.
Q: $4.7 TRILLION?
Sec. Yellen: Something like that,
yes.>
| 
