+ JMJ There are five numbers to consider amongst the Canada / US and World / US trade war. US Revenue: $4.9 Trillion US Deficit: $840 Billion US Debt: $36.22 Trillion US Debt Payment: $392 Billion (16% of US Gov spending) US Debt vs US GDP: 123% So ... what does this mean? Here's a quote from a 2023 paper posted by the Penn Wharton University of Pennsylvania: Summary: PWBM estimates that---even under myopic expectations---financial markets cannot sustain more than the next 20 years of accumulated deficits projected under current U.S. fiscal policy. Forward-looking financial markets are, therefore, effectively betting that future fiscal policy will provide substantial corrective measures ahead of time. If financial markets started to believe otherwise, debt dynamics would “unravel” and become unsustainable much sooner. Key Points The U.S. “public debt outstanding” of $33.2 trillion often cited by media is largely misleading, as it includes $6.8 trillion that the federal gover...
+ JMJ In the Pontiff's continuing health crisis, this one caught my eye - especially the part about 'non-invasive ventilation.' Which means he needs assistance breathing even though he hasn't been intubated. Non-invasive ventilation (NIV) is the use of breathing support administered through a face mask, nasal mask, or a helmet. Air, usually with added oxygen, is given through the mask under positive pressure; generally the amount of pressure is alternated depending on whether someone is breathing in or out. It is termed "non-invasive" because it is delivered with a mask that is tightly fitted to the face or around the head, but without a need for tracheal intubation (a tube through the mouth into the windpipe). Non-invasive ventilation - Wikipedia However, the bad news is that he had a "bronchospasm", which caused the Pope to vomit and he then aspirated (breathed in) the vomit. This is what kills people. Breaking it down ... because I can guess wh...