#deficit — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #deficit, aggregated by home.social.
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AP’s coverage∶
The #NationalDebt surpassed a record $40 trillion Wednesday, a staggering milestone as #defense costs, #social programs like #SocialSecurity & #Medicare & interest on the burgeoning #deficit to make up an enormous share of federal spending.
The milestone figure was recorded just 5 months after the US hit a record $39 trillion debt in March. It reached $38 trillion 5 months before that, in October [all under #Trump’s watch].
#economy #GlobalStanding #NWO
https://apnews.com/article/treasury-national-debt-limit-a27a8d3651ff810b25c610d3e1b6259d?utm_source=app&utm_medium=iOS_share&utm_campaign=copy_link -
The Debt Clock
“The United States is this week expected to cross a financial milestone that once seemed almost unimaginable: $40 trillion in national debt. The federal debt has doubled since first took office in 2017, and he’s added more to it than #Biden”
https://nickanderson.substack.com/p/the-debt-clock #trump #deficit
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IMN advierte déficit de hasta 60% de lluvias entre agosto y octubre
Déficit de lluvias de entre 60 y 40% es lo que se espera para lo que resta de agosto, setiembre y octubre en sectores del Pacífico y también en el Valle Central, según el Instituto Meteorológico Nacional (IMN). La reducción de las lluvias se da por la influencia del fenómeno de El Niño que ocasiona […]
The post IMN advierte déficit de hasta 60% de lluvias entre agosto y octubre appeared first on CR Hoy.#Agosto #Déficit #Lluvias #Nacionales #Octubre
https://crhoy.com/imn-advierte-deficit-de-hasta-60-de-lluvias-entre-agosto-y-octubre/
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Trump’s Broken Promises, in 11 Charts
1. #Economy
2. Federal Budget #Deficit
3. #NationalDebt
4. #Manufacturing -
Once upon a time, it was an absolute political and economical scandal when the US government ran up an annual deficit of a trillion dollars. [1]
Under Trump's tax cuts for the rich and bloated spending for his pet projects and well-connected contractors, the USA just ran up a $432 billion deficit ... in July. In one month. At that rate, you're looking at an annual deficit in the five trillion dollar range.
The accumulated debt is "only" 40 trillion or so, for what that's worth.
The USA will *never* repay this debt. It's not possible. And in the current political system, they will not get their budget deficits under control - no chance, at all.
How do they keep the money train going, you ask? It's because other countries park their money in US Treasury bonds and other US-denominated holdings. There is a built-in demand for US currency that doesn't depend on financial performance of the USA at all. This demand has existed ever since the end of the Bretton Woods system.
And it's primarily because of oil.
If you ignore the the recent Russian sanctioned oil sales (via their shadow fleet of tankers) to India and some other countries, essentially all oil is traded in US dollars.
1/x
[1] Before that, it was a similar scandal when the accumulated debt of the USA reached a trillion dollars.
#USPol #USOil #USDollar #deficit #debt #NationalDebt #USBudget #BudgetDeficit #oil #petrodollars
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🇺🇸 💵
Adding $2.5 trillion to the national debt in one calendar year.
🔗 https://www.americanactionforum.org/insight/debt-and-deficit-lack-of-progress-report-july-2026/
#Economy #Economics #Deficit #Debt #USA #US #UnitedStates #America
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FROM NOW ON, EVERY TIME I MEET A T**** SUPPORTER...
...I will ask them to name the things that (they believe) made the #Carter Administration "a failed presidency." 🤔
WE will be able to add: "Exploding the #Debt #Deficit, depleting our weapons stockpile, repeated violations of the #Constitution, accepting Hundreds of Millions in #emoluments/bribes, inciting a treasonous attack on our Capitol, alienating our allies, #ConcentrationCamps, and leaving the WH & #ReflectingPool an absolute mess."
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#RUSSIA PUTS STAKE IN ITS LARGEST #AIRPORT UP FOR #SALE AMID #BUDGET #DEFICIT: On August 6, Putin signed a #decree removing #Sheremetyevo International #Airport from Russia’s list of #strategic #enterprises. This move allowed for the sale of the state’s 30.4% stake to #Russian buyers.
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The Steve Oronsaye Report
The Steve Oronsaye Report formally titled the Report on the Restructuring and Rationalization of Federal Government Parastatals, Commissions, and Agencies is a landmark 800-page public service reform blueprint submitted to the Nigerian government in 2012.https://lawakhigbe.com/2026/08/05/the-steve-oronsaye-report/
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Russian banks run out of money to cover budget deficit
#Russian #banks currently have no free #rouble liquidity to buy federal loan bonds, which #Russia's Ministry of #Finance uses to cover the budget #deficit.
Banks’ #money is urgently needed by the budget, which ended the first half of the year with a deficit of RUB 5.7 trillion (US$72 billion) and faced overspending on the #war in #Ukraine.
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The U.S. National Debt – How Single Year Budgeting And Funding Cycles Lead To Unmanageable Government
By Ken Larson
Having dealt with the funding process in the government contracting industry (both large and small business) for over 40 years, I can discuss with some credibility a major weakness in the huge machine we call the US Federal Government — the one year budget cycle.
A huge reason for much of the largess in the National Debt is the fiscal year funding agony in which the US Government is entrenched. Shutdowns, delays and spoon feeding funds to areas as vital as the environment, national defense and healthcare must cease.___________________________________________________________________________________________________
About mid-summer every agency begins to get paranoid about whether or not they have spent all their money, worried about having to return some and be cut back the next year. They flood the market with sources sought notifications and open solicitations to get the money committed. Many of these projects are meaningless.
Then during the last fiscal month (September) proposals are stacked up all over the place and everything is bottle-necked. If you are a small business trying to get the paperwork processed and be under contract before the new fiscal year starts you are facing a major challenge.
Surely the one year cycle has become a ludicrous exercise we can no longer afford and our government is choking on it. It is a political monstrosity that occurs too frequently to be managed effectively.
Government must lay out a formal baseline over multiple years (I suggest at least 2 fiscal years – ideally 4 – tied to a presidential election) – then fund in accordance with it and hold some principals in the agencies funded accountable by controlling their spending incrementally – not in an annual panic mode.
Naturally exigencies can occur, such as COVID and unanticipated world events like the Russian invasion of Ukraine. A management reserve can be set aside if events mandate scope changes in the baseline due to unforeseen circumstances. Congress could approve such baseline changes as they arise.
There is a management technique for the above that DOD, NASA and the major agencies require by regulation in large government contracts. It is called “Earned Value Management” and it came about as a result of some of the biggest White Elephant overruns in Defense Department History. Earned Value Management Systems
#budget #deficit #economics #economy #finance #FiscalYearEnd #FiscalYearEndFedShutdown #governmentBudget #GovernmentFiscalYearEnd #nationalDebt #news #politics #quotes #USNationalDebt
We have one of the biggest White Elephants ever in front of us (a National Debt exceeding $39 Trillion) National Debt Clock. We must get this mess under control, manage our finances and our debt or it will manage us into default. -
This is what many Americans call socialism…
this is what they don’t want their taxes paying for. This is what Project 2025 and the Trump administration say need to be cut, and what individual responsibility and empowerment should take care of. These are some of the programs many Americans say are used by lazy loafers who don’t want to work. And, no, nobody pays for their own Social Security and Medicare benefits - Both are a collective risk using an insurance concept. Americas social safety net Social Security - Retirement, […]https://quinnscommentary.net/2026/07/28/this-is-what-many-americans-call-socialism/
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The Double-Entry Ledger of Suffering: How Nigeria Taxes the Poor Twice and Delivers Nothing Once by Lawson Akhigbe
Reform, when it comes, will be welcomed. The question is whether the reformers are counting the same things Mama Chioma is counting. So far, the evidence suggests they are operating from entirely different ledgers and that only one of those ledgers is written in the ink of lived consequence. -
The budget #deficit in #Lithuania was the smallest in the #Baltic States at 0.9% of GDP in Q1/2026, #Eurostat reported. The #budget deficit was 1.2% in #Estonia and 1.9% in #Latvia. Estonia's #debt to GDP ratio was the lowest in the EU at 25.2%, compared to 42.3% in Lithuania and 46.9% in Latvia.
https://viabaltica.fi/baltic-deficit-lowest-in-lithuania-debt-in-estonia-in-q1-2026/
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Euro area seasonally adjusted government #deficit at 3.1% of GDP in Q1 2026 (compared with 3.2% in Q4 2025) https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-21072026-BP
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https://nitter.net/EU_Eurostat/status/2079491584404652531#m -
Após tarifaço, Haddad chama TarcÃsio de ‘ingênuo’ por apoiar Trump e diz que SP foi o estado mais prejudicado
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A few questions for MAGA supporters.
1 Do you know Trump’s position on making Social Security sustainable? Better look it up? 2 Have you heard anything lately about his “great” new health plan - coming in a few months — ten years ago? 3 Are you pleased he kept us out of foreign wars? 4 Was there a quick resolution of the Ukraine war employing his negotiating skills with Putin? 5 Has the deficit been lowered or our national debt been paid down using the high tariffs as promised? 6 Has there been a comprehensive […]https://quinnscommentary.net/2026/07/14/a-few-questions-for-maga-supporters/
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As long as #Republicans are in power, #deficits don't matter
As soon as #CorporateMedia smells #Democrats gaining a foothold, or trying to feed/house/educate children who MIGHT POSSIBLY BE #BIPOC, there's No End to concerned pundits telling us why the #Deficit must be reined in
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The Tariff Trap: How Africa Was Turned Into a Warehouse for Raw Materials by Lawson Akhigbe
Long before many African nations even gained independence, an international economic architecture had already been designed to ensure Africa remained primarily a supplier of raw materials while Europe and other industrial powers controlled manufacturing, branding, finance and ultimately the profits.
