#usbudget — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #usbudget, aggregated by home.social.
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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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US military budget passed yesterday!
$1150 billion dollars
US work force is about 171 million people
It means every working American is going to pay $6,725 per year to have a war criminal military ravaging the world, supporting genocide, bombing countries and killing with impunity all around the world
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#Trump #RenewableEnergy #USBudget.
From AP News.com: Trump administration to pay French company $1B to walk away from US offshore wind leases
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US Government Shutdown Threatens Economy 2025
US Government Shutdown 2025 looms as Republicans and Democrats clash over budget, risking disruption to federal services and economy.https://www.olamnews.com/politics/2752/us-government-shutdown-2025/
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3 A trillion dollars was cut from federal funding for non-profit NPR and PBS broadcasting. A majority of these funds were distributed to rural stations and local broadcasting, where the only source or radio broadcast is significantly funded with federal support. It is predicted a number of local broadcasting companies will go out of business, especially in rural areas. The cuts are promoted as cutting waste of federal dollars.
Yet Trump and the GOP has long alleged any non-profit companies receiving federal money are nests of radical left-wing propaganda. Trump has promised for years to take revenge on media not complicit in furthering his goals and right wing policy. What do you think more likely: these funding cuts are revenge or cutting waste? 3/3
#NPR #PBS #CPB #USmedia #BigUglyBill #USBudget #FederalFunding
#USgovernment -
'[Musk] officially stepped down from his role...on Friday, May 30, leaving a track record dubious in both substance and style, and certainly far below the initial promises to cut "$1 trillion" in "waste" from US public spending.'
They cut "$175 billion" (dubious!) and then the B.B. Bill adds $3.3 trillion to the deficit. I'm not sure how MAGA people lie to themselves to square this circle.
#uspol #republicans #lies #budget #BigBeautifulBill #usbudget2025 #usbudget
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CW: US politics, call to action via flooding phone lines, tag spam (sorry)
I am once again asking for you to call your representatives!
Use 5 Calls (5calls.org), choose your location and issue you want to call about, and they give you a script.
Locally, they got so many calls earlier this year they closed their office phone lines for a few weeks.
Never let up. Never surrender. Summon your inner Karen.
IF LEAVING VOICEMAIL: Please leave your full street address to ensure your call is tallied.
And please feel free to share! The more the better.
#5calls #5-calls #us-politics #usa-politics #us-representative #us-budget #medicaid #medicare #immigration #trans-rights #healthcare #civil-rights #censorship #trump #2025 #ice #education #human-rights #mass-deportation #vaccines #autism -
A message you can send to your Congress folk to oppose the awful budget, and a provision now included to BLOCK states from regulating AI for 10 years. Yes, they're trying to keep states from regulating AI as part of the NATIONAL BUDGET. What the heck?
https://resist.bot/petitions/PNCJNU
#resist #budget #ai #generativeAI #states_rights #uspol #resistance #usbudget #resistbot #congress #stopfascism #musk #protest #takeaction #us #usa #democracy
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Trump Wants to Cut CISA Budget by $491M, Citing 'Weaponization' and Misinformation Focus
#Cybersecurity #CISA #USBudget #TrumpAdmin #GovTech #NationalSecurity #Misinformation #Disinformation #DHS #FederalBudget #USPolitics
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#TheGremlinZoo #USPol #USBudget #Senate
Trump throws Senate GOP budget bill in turmoil as Vance heads to Capitol Hill to meet with senators
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More photos from today's rally, as Jill Stein of the #GreenParty talks truth about how much the #USBudget is spent on #EndlessWar, while many in the #US (and #Maine) are homeless and hungry.
#CeasefireNow
#MaineGreenParty #GreenParty
#MaineVoicesForPalestinianRights #Palestine
#Gaza #GazaSolidarity
#CoalitionForPalestineMaine #MaineVoicesForPeace #PaxChristiMaine #PeaceActionMaine #FreePalestine -
There are *very dark* winds on the horizon for X-ray Astronomy.
https://spacenews.com/nasa-says-spending-caps-force-hard-choices-for-its-2025-budget/
#Astrodon #SciencePolicy #PresidentialBudgetRequest #USBudget #Astronomy #Astrophysics #NASA #XraysAreTheBestRays
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US ‘out of money’ to help Ukraine: six key things to know about aid budget standoff | US Congress | The Guardian
https://www.theguardian.com/us-news/2023/dec/04/republicans-oppose-ukraine-funding-white-houseI guess Repubs didn't get the memo that most of the money is going to US arms makers directly.
#Ukraine #MilitaryIndustrialComplex #AmericanEmpire #USBudget
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Wait, wait. For years, the GOP has had its panties in a twist claiming that the Democrats were defunding the police.
And now, 𝑾𝒉𝒐 is insisting it be done?
#GOPHypocrites #DefundThePolice #GOPShutdown #USBudget #USPolitics
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want to watch $866 billion get spent? tune in all day today https://armedservices.house.gov/hearings
#military #usbudget #warmachine #militaryindustrialcomplex -
CW: US Politics
I find it very weird that the House GOP, with all its demands re: the budget, has not published the budget they propose.
They are saying Biden will not negotiate, but they give him nothing on which to negotiate.
Where is the GOP proposed budget?
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Biden budget proposes 30% tax on crypto mining electricity usage - The tax would be phased-in at 10% per year over three years and c... - https://cointelegraph.com/news/biden-budget-proposes-30-tax-on-crypto-mining-electricity-usage #cryptominingtax #digitalassettax #bitcoinmining #30%miningtax #cryptominers #budget24 #usbudget #budget #biden
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CW: rupol
@thatbrickster
2/2 anger re the #abusiveImmigration Australia has and nothing more.We won't give names. He didn't use his real firstname anyway.
He appeared to spare no expense and had a bunch of #moneyLosing ventures going like a #travelCompany etc. Illustrates to us now how big the 2015-today #USBudget to support the nazis appears to've been.
The #brinkmanship and training has paid off for the #NATO #propaganda machine, as some NPCs are chomping at the bit for #theRussians right now.
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Analysing National Budgets With File System Tools - Understanding a national budget can be difficult, with political interests and distorted talking p... more: https://hackaday.com/2019/04/15/analysing-national-budgets-with-file-system-tools/ #usnationalbudget #nationalbudget #filesystem #filesystem #mischacks #usbudget
