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#deficits

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beSpacific<p>One of the greatest gifts of American citizenship has historically been the public <a href="https://newsie.social/tags/education" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>education</span></a> system. Today this ended w Trump's latest in a seemingly endless issuance of <a href="https://newsie.social/tags/sharpie" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>sharpie</span></a> signed Executive Actions - <a href="https://www.whitehouse.gov/presidential-actions/2025/03/improving-education-outcomes-by-empowering-parents-states-and-communities/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">whitehouse.gov/presidential-ac</span><span class="invisible">tions/2025/03/improving-education-outcomes-by-empowering-parents-states-and-communities/</span></a> Removing federal support for <a href="https://newsie.social/tags/teachers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>teachers</span></a>, <a href="https://newsie.social/tags/students" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>students</span></a>, communities &amp; states will create major disruptions in funding, programs, access, accountability. States will face huge <a href="https://newsie.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a>. <a href="https://newsie.social/tags/maga" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>maga</span></a> goal is to replace with charter schools with religious affiliations. Church=State.</p>
LilMikeSF<p><a href="https://c.im/tags/Tradewar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tradewar</span></a> <a href="https://c.im/tags/Tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tariffs</span></a>, expensive <a href="https://c.im/tags/deportation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deportation</span></a> manhunts, increased <a href="https://c.im/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a>, cuts to industrial and <a href="https://c.im/tags/infrastructure" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>infrastructure</span></a> construction programs, <a href="https://c.im/tags/healthcare" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>healthcare</span></a> services and unprecedented massive reduction in our federal workforce with added litigation costs ALL have immediate negative impacts on US <a href="https://c.im/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a>, and <a href="https://c.im/tags/DJT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DJT</span></a> and his enablers seem intent to prove the <a href="https://c.im/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a> can handle trillion$ of dollars in losses monthly?</p>
Félicien Breton 🍉 🔻 🌱<p>"The decision by the UK Labour government to reduce Overseas Development Assistance <a href="https://climatejustice.social/tags/ODA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ODA</span></a> to (according to Starmer/Reeves logic) ‘pay’ for a rather dramatic increase in military expenditure is a classic example of how policy goes astray when mainstream economic thinking in general, and the British fiscal rules, specifically are used to guide policy."</p><p>"Wealthy nations are increasingly abandoning their desire to reduce world poverty and inequality and are instead using ODA for other purposes.<br>"For example, in recent years, Australia has diverted ODA funding from hospitals, education, infrastructure etc and pumped it into maintaining the privatised prisons on Manus Island and Nauru, where we have been sending people seeking refugee protection."</p><p>"The British government is not facing a financial shortfall in sterling other than the self-imposed fiscal rules.<br>"The fact that ODA expenditure does not really compete in terms of available real resources with military expenditure is also telling.<br>"Moving towards the 0.7 per cent of GNI target for ODA is financially achievable even with an planned 0.2 per cent of GNI increase in military expenditure.<br>"The fact is that the British government can achieve both goals."</p><p>Bill Mitchell: <a href="https://billmitchell.org/blog/?p=62391" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">billmitchell.org/blog/?p=62391</span><span class="invisible"></span></a></p><p><a href="https://climatejustice.social/tags/development" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>development</span></a> <a href="https://climatejustice.social/tags/immigration" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>immigration</span></a> <a href="https://climatejustice.social/tags/Australia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Australia</span></a> <a href="https://climatejustice.social/tags/neoliberalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>neoliberalism</span></a> <a href="https://climatejustice.social/tags/fetish" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fetish</span></a> <a href="https://climatejustice.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> <a href="https://climatejustice.social/tags/taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxes</span></a> <a href="https://climatejustice.social/tags/USAid" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USAid</span></a> <a href="https://climatejustice.social/tags/UK" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UK</span></a> <a href="https://climatejustice.social/tags/Starmer" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Starmer</span></a> <a href="https://climatejustice.social/tags/money" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>money</span></a> <a href="https://climatejustice.social/tags/MMT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MMT</span></a> <a href="https://climatejustice.social/tags/Labour" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Labour</span></a> <a href="https://climatejustice.social/tags/Britain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Britain</span></a></p>
jackhutton 🇺🇸<p>Rep Brendan Boyle, Philadelphia, ranking member of the Budget Committee. . The Republican budget represents the Republican betrayal of the middle class. It cuts at least $1.5 trillion including at least $880 billion from Medicaid in order to partially pay for trillions of dollars in tax cuts, most of which go to the richest 1% of Americans...</p><p><a href="https://mstdn.social/tags/2025budget" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>2025budget</span></a> <a href="https://mstdn.social/tags/republicans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>republicans</span></a> <a href="https://mstdn.social/tags/housegop" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>housegop</span></a> <a href="https://mstdn.social/tags/maga" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>maga</span></a> <a href="https://mstdn.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> <a href="https://mstdn.social/tags/taxcuts" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxcuts</span></a> <a href="https://mstdn.social/tags/medicaid" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>medicaid</span></a> <a href="https://mstdn.social/tags/reckless" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>reckless</span></a> <a href="https://mstdn.social/tags/derelict" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>derelict</span></a> <a href="https://mstdn.social/tags/brendanBoyle" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>brendanBoyle</span></a> <a href="https://mstdn.social/tags/PA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PA</span></a> <a href="https://mstdn.social/tags/budgetcommittee" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>budgetcommittee</span></a></p>
Ben Royce 🇺🇦<p>Then they warp our <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a>, our <a href="https://mastodon.social/tags/society" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>society</span></a>, our <a href="https://mastodon.social/tags/psychology" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>psychology</span></a></p><p>Something is going to break in this new <a href="https://mastodon.social/tags/GildedAge" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GildedAge</span></a></p><p><a href="https://mastodon.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Capitalism</span></a> <a href="https://mastodon.social/tags/Plutocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Plutocracy</span></a></p><p>"<a href="https://mastodon.social/tags/Corporate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corporate</span></a> <a href="https://mastodon.social/tags/profits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>profits</span></a> are close to a record share of <a href="https://mastodon.social/tags/GDP" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GDP</span></a>, <a href="https://mastodon.social/tags/fiscal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fiscal</span></a> and <a href="https://mastodon.social/tags/trade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trade</span></a> <a href="https://mastodon.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> are at non-crisis highs. Meanwhile <a href="https://mastodon.social/tags/wages" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wages</span></a> are around their lowest share while asset <a href="https://mastodon.social/tags/prices" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>prices</span></a> are at the highs. Are the five sustainable together?"</p><p><a href="https://www.marketwatch.com/story/corporate-profits-are-near-all-time-highs-while-wages-are-near-lows-how-long-can-this-last-0b0885e7" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">marketwatch.com/story/corporat</span><span class="invisible">e-profits-are-near-all-time-highs-while-wages-are-near-lows-how-long-can-this-last-0b0885e7</span></a></p>
C.USPol - Trump, tariffs
The-14<p>Justin Trudeau’s fiscal legacy<br><a href="https://mastodon.world/tags/Canada" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Canada</span></a> <a href="https://mastodon.world/tags/JustinTrudeau" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JustinTrudeau</span></a> <a href="https://mastodon.world/tags/FiscalPolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FiscalPolicy</span></a> <a href="https://mastodon.world/tags/CanadaEconomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanadaEconomy</span></a> <a href="https://mastodon.world/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a> <a href="https://mastodon.world/tags/CanadaChildBenefit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanadaChildBenefit</span></a> <a href="https://mastodon.world/tags/CarbonTax" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CarbonTax</span></a> <a href="https://mastodon.world/tags/TaxPolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TaxPolicy</span></a> <a href="https://mastodon.world/tags/StructuralDeficit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StructuralDeficit</span></a> <a href="https://mastodon.world/tags/GSTHoliday" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GSTHoliday</span></a> <a href="https://mastodon.world/tags/CanadianPolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanadianPolitics</span></a> <a href="https://mastodon.world/tags/Politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Politics</span></a> <a href="https://mastodon.world/tags/Business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Business</span></a> <a href="https://mastodon.world/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a> <a href="https://mastodon.world/tags/FiscalLegacy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FiscalLegacy</span></a> <br><a href="https://the-14.com/justin-trudeaus-fiscal-legacy/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">the-14.com/justin-trudeaus-fis</span><span class="invisible">cal-legacy/</span></a></p>
ISciences<p>Each month we release the ISciences Global Water Monitor and Forecast Watch List, a monthly report that monitors and forecasts water <a href="https://newsie.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> (<a href="https://newsie.social/tags/droughts" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>droughts</span></a>) and <a href="https://newsie.social/tags/surpluses" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>surpluses</span></a> worldwide. To sign up for the report’s mailing list, please visit the following link and complete the form, specifying your preference to receive an attached PDF of the report, or a link to the newest version of Water Watch List upon release. <a href="https://www.isciences.com/newsletter-signup" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">isciences.com/newsletter-signu</span><span class="invisible">p</span></a></p>
EURACTIV Politics<p>Everything you need to know about Eric Lombard, France’s new economy minister <a href="https://www.euractiv.com/section/politics/news/everything-you-need-to-know-about-eric-lombard-frances-new-economy-minister/?utm_source=dlvr.it&amp;utm_medium=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">euractiv.com/section/politics/</span><span class="invisible">news/everything-you-need-to-know-about-eric-lombard-frances-new-economy-minister/?utm_source=dlvr.it&amp;utm_medium=mastodon</span></a> <a href="https://eupolicy.social/tags/budget" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>budget</span></a> <a href="https://eupolicy.social/tags/debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debt</span></a> <a href="https://eupolicy.social/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a> <a href="https://eupolicy.social/tags/EricLombard" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EricLombard</span></a> <a href="https://eupolicy.social/tags/Fran%C3%A7oisBayrou" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FrançoisBayrou</span></a></p>
EURACTIV Economy<p>Everything you need to know about Eric Lombard, France’s new economy minister <a href="https://www.euractiv.com/section/politics/news/everything-you-need-to-know-about-eric-lombard-frances-new-economy-minister/?utm_source=mastodon&amp;utm_medium=dlvr.it" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">euractiv.com/section/politics/</span><span class="invisible">news/everything-you-need-to-know-about-eric-lombard-frances-new-economy-minister/?utm_source=mastodon&amp;utm_medium=dlvr.it</span></a> <a href="https://eupolicy.social/tags/budget" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>budget</span></a> <a href="https://eupolicy.social/tags/debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debt</span></a> <a href="https://eupolicy.social/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a> <a href="https://eupolicy.social/tags/EricLombard" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EricLombard</span></a> <a href="https://eupolicy.social/tags/Fran%C3%A7oisBayrou" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FrançoisBayrou</span></a></p>
Larry Neufeld<p>A low blow from the Liberal government. Blaming First Nations for the federal govt's own actions that lead to these debts is totally uncalled for <a href="https://mstdn.ca/tags/FirstNations" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FirstNations</span></a> <a href="https://mstdn.ca/tags/Canada" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Canada</span></a> <a href="https://mstdn.ca/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> <br><a href="https://www.cbc.ca/news/indigenous/fall-economic-statement-indigenous-claims-1.7413902" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cbc.ca/news/indigenous/fall-ec</span><span class="invisible">onomic-statement-indigenous-claims-1.7413902</span></a></p>
C.<p>So, Justin Trudeau, Canada's Prime Minister almost single-handedly dragged the <a href="https://mindly.social/tags/Liberal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Liberal</span></a> party's support from the public into the basement. The party is unpopular, but <a href="https://mindly.social/tags/Trudeau" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trudeau</span></a>, the party leader, is amazingly, incredibly unpopular.</p><p>This has been going on for some time. He's got far too much <a href="https://mindly.social/tags/pride" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>pride</span></a> and <a href="https://mindly.social/tags/ego" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ego</span></a> to resign and let new blood take over the party; he's going to take them into the next <a href="https://mindly.social/tags/election" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>election</span></a>, where the party will be absolutely decimated [*].</p><p>He's getting desperate. Not desperate enough to resign, but desperate enough to be throwing anything and everything at the problem, hoping something will stick.</p><p>A few months ago, he announced the <a href="https://mindly.social/tags/government" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>government</span></a> would be sending working Canadians a one-time $250 <a href="https://mindly.social/tags/cheque" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cheque</span></a>. There is no more obvious vote-buying attempt than this (though it won't work). The country is already running <a href="https://mindly.social/tags/multibillion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>multibillion</span></a>-dollar <a href="https://mindly.social/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a>, so this is just borrowing more money from future generations, with <a href="https://mindly.social/tags/interest" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>interest</span></a>, to give to voters today.</p><p><a href="https://mindly.social/tags/Chrystia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Chrystia</span></a> <a href="https://mindly.social/tags/Freeland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Freeland</span></a>, Canada's Finance minister, was against it. The government's financial position then got worse. They *needed* to cancel this plan, but Trudeau wouldn't budge. So she resigned today, hours before she was to give an update on the country's economic status in the House of <a href="https://mindly.social/tags/Commons" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Commons</span></a>, as she refused to endorse his vote-buying plan.</p><p><a href="https://mindly.social/tags/Astute" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Astute</span></a> observers will note this is yet another female minister forced out of his <a href="https://mindly.social/tags/cabinet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cabinet</span></a>. This makes at least 3.</p><p>[*] not the literal 10% version, you pedant.</p>
Le Père Peinard<p>⚠️ Flash Info ⚠️</p><p>Pour fêter la venue du libéral Bayrou, l'annonce de notation Moody's dégrade la note de la France d'un cran... Et si on faisait faillite, un beau doigt d'honneur a tous ces vautours..</p><p><a href="https://piaille.fr/tags/D%C3%A9ficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Déficits</span></a> <a href="https://piaille.fr/tags/Notation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Notation</span></a></p><p>L'agence de notation Moody's dégrade la note de la France d'un cran, à Aa3, alors que François Bayrou prend ses fonctions<br>L'agence américaine avait prévenu le 4 décembre que la censure du gouvernement Barnier pourrait avoir un...</p><p><a href="https://www.leperepeinard.com/flash-info/pour-feter-la-venue-du-liberal-bayrou-lannonce-de-notation-moodys-degrade-la-note-de-la-france-dun-cran-et-si-on-faisait-faillite-un-beau-doigt-dhonneur-a-tous-ces-vautours/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">leperepeinard.com/flash-info/p</span><span class="invisible">our-feter-la-venue-du-liberal-bayrou-lannonce-de-notation-moodys-degrade-la-note-de-la-france-dun-cran-et-si-on-faisait-faillite-un-beau-doigt-dhonneur-a-tous-ces-vautours/</span></a></p>
Financial Freedom Countdown<p><a href="https://mastodon.social/tags/Business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Business</span></a> <a href="https://mastodon.social/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a> <a href="https://mastodon.social/tags/Money" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Money</span></a> <a href="https://mastodon.social/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a> <a href="https://mastodon.social/tags/PersonalFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PersonalFinance</span></a> <a href="https://mastodon.social/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://financialfreedomcountdown.com/national-debt-msn-2024-12-11/?utm_source=flipboard&amp;utm_content=JohnDealbreuin%2Fmagazine%2FEconomic+News" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">financialfreedomcountdown.com/</span><span class="invisible">national-debt-msn-2024-12-11/?utm_source=flipboard&amp;utm_content=JohnDealbreuin%2Fmagazine%2FEconomic+News</span></a></p>
acemaxx<p><a href="https://econtwitter.net/tags/BondVigilantes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BondVigilantes</span></a> are more a (neoliberal) <a href="https://econtwitter.net/tags/myth" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>myth</span></a> than reality: modern CBs can effectively control yields - example: <a href="https://econtwitter.net/tags/Fed" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Fed</span></a>'s response to GFC 2008 and <a href="https://econtwitter.net/tags/COVID19" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>COVID19</span></a> - massive QE programs overwhelmed market forces - successfully kept yields low despite rising <a href="https://econtwitter.net/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> – <a href="https://econtwitter.net/tags/BondVigilantes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BondVigilantes</span></a> are powerless against Fed actions</p>
DrBob, Neurologist, 🧠Mechanic<p>Elections Usually Come Down to ‘The Economy, Stupid’</p><p>So this should be a Democratic Landslide 🤔</p><p>23 Nobel Prize-winning economists endorse Kamala Harris for president, citing her policies as more robust, sustainable, and equitable than Donald Trump's.</p><p>Heed the brightest minds in economics when they issue a dire warning about inflation, deficits and inequality if the former president is reelected.”</p><p><a href="https://vmst.io/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://vmst.io/tags/NobelPrize" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NobelPrize</span></a> <a href="https://vmst.io/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a> <a href="https://vmst.io/tags/tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tariffs</span></a> <a href="https://vmst.io/tags/trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trump</span></a> <a href="https://vmst.io/tags/kamalaharris" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>kamalaharris</span></a> <a href="https://vmst.io/tags/voteblue" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>voteblue</span></a> <a href="https://vmst.io/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> <a href="https://vmst.io/tags/inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inequality</span></a> <a href="https://vmst.io/tags/fascism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fascism</span></a> <a href="https://vmst.io/tags/taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxes</span></a> <a href="https://vmst.io/tags/billionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>billionaires</span></a> <a href="https://vmst.io/tags/musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>musk</span></a> is <a href="https://vmst.io/tags/toxic" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>toxic</span></a></p><p>(Put browser on ‘Reader Mode' to avoid Paywall = <a href="https://vmst.io/tags/giftlink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>giftlink</span></a> 🤗)</p><p><a href="https://www.bloomberg.com/opinion/articles/2024-10-31/23-nobel-laureates-can-t-be-wrong-about-trump-right?lctg=10999542&amp;embedded-checkout=true" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bloomberg.com/opinion/articles</span><span class="invisible">/2024-10-31/23-nobel-laureates-can-t-be-wrong-about-trump-right?lctg=10999542&amp;embedded-checkout=true</span></a></p>
Dave Johnson<p>There are two - and only two - sources of money in an economy.</p><p>1) Government spending more into the economy than it taxes back out.</p><p>2) Banks licensed to create money through loans that they charge for.</p><p>Part 2: Now you understand why the "financial sector" says government needs to "balance the budget." This means government is not putting any money into the economy, so everyone depends on - and pays - banks to do this.</p><p><a href="https://mastodon.cloud/tags/money" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>money</span></a> <a href="https://mastodon.cloud/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a> <a href="https://mastodon.cloud/tags/MMT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MMT</span></a></p>
zombywoof<p><a href="https://mastodon.org.uk/tags/donaldtrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>donaldtrump</span></a> 's "fantastic" economy was at the expense of RECORD <a href="https://mastodon.org.uk/tags/DEBT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DEBT</span></a> &amp; <a href="https://mastodon.org.uk/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a><br>through tax cuts to people who didn't need them</p><p><a href="https://mastodon.org.uk/tags/election2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>election2024</span></a> <a href="https://mastodon.org.uk/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a> <a href="https://mastodon.org.uk/tags/USpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpoli</span></a></p>
DrBob, Neurologist, 🧠Mechanic<p>Get This: Trump is NOT better for the <a href="https://vmst.io/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a>! 🧐</p><p>Economists Say Inflation, Deficits Will Be Higher Under Trump</p><p>Most <a href="https://vmst.io/tags/Economists" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economists</span></a> think <a href="https://vmst.io/tags/Inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Inflation</span></a>, <a href="https://vmst.io/tags/InterestRates" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>InterestRates</span></a> and <a href="https://vmst.io/tags/Deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Deficits</span></a> would be higher under the policies former President Donald TTrump would pursue in a second administration than under those proposed by Vice President <a href="https://vmst.io/tags/KamalaHarris" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>KamalaHarris</span></a>, according to a quarterly survey by The Wall Street Journal.</p><p>The results of the Oct. 4-8 survey echoed those of the Journal’s survey in July, when Trump was facing President Biden. Biden dropped out of the race on July 21, and Harris became the nominee shortly afterward.</p><p><a href="https://www.wsj.com/politics/elections/economists-say-inflation-deficits-will-be-higher-under-trump-than-harris-0365588e" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wsj.com/politics/elections/eco</span><span class="invisible">nomists-say-inflation-deficits-will-be-higher-under-trump-than-harris-0365588e</span></a></p>
Steven Zekowski<p>I’ll admit I love bashing David Leonhardt at the <a href="https://freeradical.zone/tags/NYT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NYT</span></a>. Whether it’s the COVID pandemic or Israel-Palestine, or now apparently <a href="https://freeradical.zone/tags/debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debt</span></a> and <a href="https://freeradical.zone/tags/deficits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deficits</span></a>, David is the poster boy for the <a href="https://freeradical.zone/tags/DunningKruger" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DunningKruger</span></a> effect. <br><a href="https://freeradical.zone/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a> <a href="https://freeradical.zone/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://freeradical.zone/tags/election2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>election2024</span></a> </p><p>The Boy Who Cried Wolf About Government Debt<br><a href="https://www.levyinstitute.org/publications/the-boy-who-cried-wolf-about-government-debt" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">levyinstitute.org/publications</span><span class="invisible">/the-boy-who-cried-wolf-about-government-debt</span></a></p><p><a href="https://en.m.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect#Definition" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">en.m.wikipedia.org/wiki/Dunnin</span><span class="invisible">g%E2%80%93Kruger_effect#Definition</span></a></p>