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#Debt

40 posts29 participants2 posts today
Public
beSpacific

Do not believe anything about the financial market he drops bombs like this every day. US #Tariffs on #China Rise to 145% After Trump’s Escalation. The S&P 500 extends declines to more than 4% while the #Nasdaq 100 slumps 4.5% as the #WhiteHouse says tariffs on China are at least 145%. The House passed #Republican budget blueprint for slashing taxes on RICH, killing govt spending, despite legitimate fear that it will balloon the nation’s #debt #economics #budget #government #politics #democracy

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Toni Aittoniemi

Suomen julkinen velka 1980 - 2025

Finnish public #debt 1980 to 2025

Kokoomus is the center-right neoliberal party, who always put on #austerity and say they’re doing it to ”get rid of the problem of debt”

I bet this story is the same everywhere else: If you look at what they did when they were in power, they almost single-handedly created the problem to begin with.

The most fluent liars of them all are the smiley-faced center #neoliberal #right. 👿

Graph of Finnish national debt 1980-2025
Public
Nonilex

The #House narrowly adopted the #Republican #budget blueprint for slashing taxes for the very #wealthy & #corporations & government #spending, overcoming the concerns of budget hard-liners who fear it will balloon the nation’s #debt. The vote was a victory for Speaker #MikeJohnson, who put down a rebellion from deficit hawks, & #Trump, who had stepped up pressure on reluctant #Republicans.

#USpol
nytimes.com/2025/04/10/us/poli

Speaker Mike Johnson and Senator John Thune of South Dakota, the majority leader, at the Capitol on Thursday.
The New York Times · House Passes G.O.P. Budget, Paving Way for Trump’s Tax and Spending CutsBy Catie Edmondson
Public
Peter

If your neighbour displayed the financial accumen and emotional stability of the USA, would you lend them $1,000?

Let's see how long before Trump decides owing other countries money is "unfair".

#USPol#Trade#Debt
Public
Nonilex

The #House to vote on the #Senate #budget resolution

#Republicans scheduled a vote for Wednesday evening, but they were still at least a dozen votes short of a majority for their fiscal blueprint.

A number of anti-#spending #HouseRepublicans said they planned to defy #Trump & oppose the measure, arguing it would add too much to the nation’s #debt.

#USpol #law
nytimes.com/2025/04/09/us/poli

Speaker Mike Johnson cannot afford to lose many Republican votes for a budget resolution.
The New York Times · Johnson Delays Budget Vote as G.O.P. Defectors BalkBy Catie Edmondson
Public
Marshall Sutherland
#^Milton Friedman's warning to DOGE



The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.

"Wise words," wrote Elon Musk about this 1999 viral clip described as "Milton Friedman casually giving the blueprint for DOGE [the Department of Government Efficiency]" as he ticks off a list of federal government agencies he'd be comfortable eliminating.

Musk is right. Friedman, a Nobel Prize–winning libertarian economist, did offer a solid blueprint for creating a smaller, less intrusive government. At the peak of his fame, he seemed poised to influence an American president to finally slash the federal bureaucracy.

But those efforts ended in disappointment because they were blocked by what Friedman called the Iron Triangle of Politics.

Slashing government waste and making the federal bureaucracy more accountable are incredibly important. But President Donald Trump and Musk are hitting the same wall President Ronald Reagan did more than four decades ago.

Now more than ever, it's time to pay attention to Milton Friedman's advice for how to defeat the tyranny of the status quo.

DOGE's mission to rein in our catastrophic debt and unrestrained federal government is one of the most important political battles of our time. But it's a mission that will need more than a single executive agency to ultimately succeed: It needs a mass political movement.

#video #politics #debt
#Debt
Public
Steve Dustcircle 🌹

How #Debt Is Being Weaponized As A Form Of Social #Control

popularresistance.org/how-debt

PopularResistance.Org · How Debt Is Being Weaponized As A Form Of Social Control - PopularResistance.OrgThe Trump Administration is dismantling the Department of Education, placing tens of millions of student loan debtors into an uncertain situation. Clearing the FOG speaks with Braxton Brewington of the Debt Collective about the weaponization of debt as a form of social control and the ongoing efforts to erase federal student loan debt. Brewington explains the bipartisan effort to block debt relief and what student loan holders should be doing now to protect themselves. He also discusses the April 17 National Day of Action for Free College for All and the actions that need to be taken to create an educational system that empowers and protects all students, faculty and staff.
Public
Austrian

"The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract." -- Ludwig von Mises. mises.org/library/book/human-a #debt #economics #mises #interest

Mises InstituteHuman Action | Mises InstituteThe masterpiece first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific
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