Nelson Epega Profile picture
May 30 14 tweets 9 min read Twitter logo Read on Twitter
1/13
📣 Thread on the recent debt ceiling deal between President Biden and Speaker Kevin McCarthy. The agreement brings new details to light. Do you agree or disagree with the deal? Here's a non-biased breakdown of the key components. 👇 #DebtCeiling #Biden #McCarthy Image
2/13
The cornerstone of the agreement is a two-year suspension of the debt ceiling, allowing the government to continue borrowing and pay its bills on time, if Congress passes the agreement by June 5th. #DebtCeiling #Congress Image
3/13
In exchange for suspending the limit, Republicans demanded policy concessions from Mr. Biden, such as limits on federal discretionary spending growth and new work requirements for certain food stamps and Temporary Aid for Needy Families program recipients. #PolicyChanges Image
4/13
The deal also includes modest efforts to accelerate energy project permitting, and surprisingly, a fast track to constructing a new natural gas pipeline from West Virginia to Virginia. #EnergyPolicy
5/13
The legislation cuts nondefense discretionary spending for the 2024 fiscal year, limiting discretionary spending growth to 1% in 2025, effectively a budget cut due to inflation. #Budget2024 Image
6/13
The proposal, according to a @nytimes analysis, will reduce federal spending by about $55B next year, and another $81B in 2025. Over a decade, the savings could be about $860B. #FederalSpending Image
7/13
The deal also targets I.R.S. funding, rescinding $1.38B immediately, and repurposing another $20B of the $80B given to the I.R.S. in last year's Inflation Reduction Act. #IRS Image
8/13
There are new work requirements for older Americans (50-54) receiving food stamps and aid from the Temporary Assistance for Needy Families Program. Advocates for safety net assistance have expressed concerns about this. #FoodStamps #TANF Image
9/13
Permitting reforms for energy projects are included, speeding up approvals, and the controversial Mountain Valley Pipeline project gets the green light. #EnergyPolicy #MountainValleyPipeline Image
10/13
The bill ends the student loan repayment freeze by August end and restricts Biden's ability to reinstate such a moratorium. It does not include a measure to halt Biden's student loan debt forgiveness policy. #StudentLoans Image
11/13
The deal could prevent a government shutdown, as it sets parameters for the next two years of spending. However, major battles still loom in the specifics of those bills. #GovernmentShutdown Image
12/13
There are, however, things that did not make it into the deal. Republicans wanted deeper spending cuts and stricter work requirements, as well as a repeal of certain tax incentives. None of these demands were met. #PolicyConcessions Image
13/13
That's the summary of the debt ceiling deal between Biden and McCarthy. With many stakeholders having their say, and some aspects of the agreement drawing criticism, it's vital for us to be informed. Do you agree or disagree with this deal? Reply with your thoughts.… twitter.com/i/web/status/1… Image
🚨THE DEBT CEILING DEAL🚨 on Twitter Spaces tonight at 8:30pm EST 👇👇👇 twitter.com/i/spaces/1vAGR…

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More from @nelsonepega

May 30
1/14 - 🚨WHAT HAPPENS IF THE US DEFAULTS⁉️

A default on the US debt ceiling would have profound implications. This historic event could trigger economic shocks and disrupt global financial stability. Let’s talk about it!#DebtCeilingDefault #GlobalFinancialStability Image
2/14
History teaches us that financial crises can affect military readiness and operations. A default could hamper US strategic alliances, similar to the effects of the Great Depression. #HistoricalLessons #MilitaryReadiness Image
3/14
A default could also jeopardize trust in US Treasury bonds, a cornerstone of the global economy. The result? Skyrocketing interest rates and a weakened dollar. #TrustInBonds #DebtCeiling Image
Read 15 tweets
May 30
1/8
Pres. Biden's statement on Uganda’s Anti-Homosexuality Act and possible sanctions sparks a key debate: Should a global power use economic means to interfere in another country's domestic affairs? A thread on potential impact.🧵#UgandaAntiGayLaw - twitter.com/i/spaces/1mrxm… Image
2/8
Biden condemns Uganda's anti-gay law, arguing it not only violates human rights but also poses a threat to everyone residing in Uganda, including US personnel. He warns of "significant action" that could include economic sanctions. #HumanRights #LGBTQ -… twitter.com/i/web/status/1… Image
3/8
It's important to note that sanctions are a double-edged sword. On one hand, they could push Uganda to reconsider the law by affecting the economy. But they could also cause collateral damage, impacting the lives of ordinary Ugandans. #Sanctions #UgandaAntiGayLaw -… twitter.com/i/web/status/1… Image
Read 9 tweets
May 29
1/7
Predictions and Adjustments: At the peak of the Pandemic Housing Boom, Zillow economists predicted national home prices to increase by 17.8% between February 2022 and February 2023. However, with rising mortgage rates and a housing market slump, Zillow reduced this forecast.… twitter.com/i/web/status/1… Image
2/7
Current Forecast: Zillow expects U.S. home prices, measured by the Zillow Home Value Index (ZHVI), to increase by 4.8% between April 2023 and April 2024. National home prices, as tracked by ZHVI, have averaged an annual appreciation rate of 5.08% since 2001. -… twitter.com/i/web/status/1… Image
3/7
Challenges: Despite the price being 2.2% lower than its peak in July of the previous year, U.S. home prices are still 1.5% higher than one year ago and 38% higher than in April 2020, equating to an 11% average annual growth rate over the past three years. The affordability… twitter.com/i/web/status/1… Image
Read 8 tweets
May 29
1/7
"🚨Thread Alert🚨: A seismic shift in #Uganda's 🇺🇬 legal landscape. The signing of a stringent anti-gay law by President Museveni has profound implications, sparking global attention. Let's dissect the situation. #UgandaAntiGayLaw Image
2/7
The new law introduces life imprisonment for those engaging in gay sex. A striking step, it significantly amplifies the penalties related to homosexuality. What are the implications for individual liberty? #UgandaLaw ⚖️ Image
3/7
"Aggravated homosexuality," as defined by the law, is punishable by death. The scope of this terminology and its potential ramifications warrant careful examination. #UgandaDeathPenalty 🏛️
Read 7 tweets

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