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𧡠The republicans agree to raise the debt ceiling by 19$ trillion, from 31$ trillion, to be 50$ trillion, over the next 10 years.
In exchange for a budget cuts proposal, which is about cutting EVERYTHING, EXCEPT the defense budget! Actually, they want to raise that while;
In exchange for a budget cuts proposal, which is about cutting EVERYTHING, EXCEPT the defense budget! Actually, they want to raise that while;
β Claw Back Unspent Covid-19 Funds.
β Cancel Student Debt Relief.
β Cancel Biden's plan to raise the taxes on the billionaires.
β Cut Green Tax Incentives for renewable Energy, which will cripple US competitiveness in EV & battery Techs compared to China.
thefiscaltimes.com/newsletter/202β¦
β Cancel Student Debt Relief.
β Cancel Biden's plan to raise the taxes on the billionaires.
β Cut Green Tax Incentives for renewable Energy, which will cripple US competitiveness in EV & battery Techs compared to China.
thefiscaltimes.com/newsletter/202β¦
β Cut Medicaid.
β Cut Medicare.
β Cut Social Security.
β Increase Incentives to Oil & Gas Companies.
β Increase defense budget by 3% to 5% annually. That's something both parties agreed upon #bipartisanship.
β Cut Medicare.
β Cut Social Security.
β Increase Incentives to Oil & Gas Companies.
β Increase defense budget by 3% to 5% annually. That's something both parties agreed upon #bipartisanship.
https://twitter.com/GRDecter/status/1643947285951180800
That plan is expected to decrease government spending by 9%. The side effect is, such #austerity measures will reduce the GDP growth by 1% annually over the next 10 years. But that is supposed to save roughly $3 trillion, compared with current projections.
reuters.com/world/us/whatsβ¦
reuters.com/world/us/whatsβ¦
No one talks about social unrest or labor strikes expected as a response to #austerity!
No one talks also who is going to lend America the money when the Fed, Japan, China, Switzerland, Brazil, France, Saudi Arabia are selling the US treasuries!
ft.com/content/0b4ecfβ¦
No one talks also who is going to lend America the money when the Fed, Japan, China, Switzerland, Brazil, France, Saudi Arabia are selling the US treasuries!
ft.com/content/0b4ecfβ¦
βRepublican leadership has been arguing both that President Bidenβs very substantial defense budget proposal is somehow billions of dollars less than it must be to meet our defense needs,
defensenews.com/congress/budgeβ¦
defensenews.com/congress/budgeβ¦
and that we must make massive cuts to our discretionary budget to meet their idea of what #FiscalResponsibility would look like,β said Rep. Adam Smith of Washington, the top Democrat on the House Armed Services Committee.
β’ β’ β’
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